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Deals of the day-Mergers and acquisitions
Oct 18, 2024 3:04 AM

Oct 18 (Reuters) - The following bids, mergers,

acquisitions, and disposals were reported by 0930 GMT on Friday:

** The board of Japan's Fuji Soft has decided to

stick with a 558.4 billion yen ($3.72 billion) buyout offer from

KKR, the Nikkei newspaper said, despite having received

a higher counter-offer from Bain.

** BP is considering selling a minority stake in its

offshore wind business, according to four sources with knowledge

of the matter, the latest effort by CEO Murray Auchincloss to

scale back the energy company's focus on renewables.

** Philippine conglomerate Ayala Corp is selling

half of its stake in Mynt, the fintech unicorn which operates

e-wallet brand GCash, to Japan's Mitsubishi Corp ( MSBHF ) for a

minimum of 18.4 billion pesos ($318.89 million), it

said.

(Compiled by Rajarshi Roy in Bengaluru)

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