Deals of the day-Mergers and acquisitions
On October 24, several significant mergers and acquisitions were reported. The Swiss National Bank divested its stake in Rio Tinto, continuing a trend in the extractive sector. Kirin is selling its Four Roses bourbon brand for $1 billion. GPT Group is acquiring a 50% stake in Grosvenor Place for A$860 million, partnering with Commonwealth Superannuation Corp. Additionally, Nicolet Bankshares is acquiring MidWestOne Financial Group for $864 million in stock, marking a notable bank deal this year.
Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: The Swiss National Bank has sold its stake in Anglo-Australian miner Rio Tinto (RIO.AX) , (RIO.L) , adding to a series of recent divestments from companies in extractive industries, LSEG data shows. Japanese brewer Kirin (2503.T) has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported , citing people familiar with the matter. Australia’s GPT Group said that it is acquiring a 50% stake in Sydney’s iconic Grosvenor Place office tower for A$860 million ($558.83 million), forming a new partnership with the Commonwealth Superannuation Corp. Nicolet Bankshares (NIC.N) is acquiring MidWestOne Financial Group (MOFG.O) for $864 million in stock, in one of the bigger bank deals of the year.
