Mergers and acquisitions

About this update from Valterra Platinum Limited

The following bids, mergers, acquisitions and disposals were reported by 1940 GMT on Thursday:** Atlassian NASDAQ:TEAM said it will acquire New York-based startup The Browser Company for $610 million in cash, moving into the fast‑crowding market for AI‑driven browsers. ** Singapore-based property developer Sing Holdings SGX:5IC said it has submitted a joint tender bid of S$623.9 million ($486.4 million), alongside Sunway Developments, for a second land parcel at Chuan Grove. ** The owner of Global Loan Agency Services is exploring selling its stake in the debt administration services firm, three people familiar with the matter told Reuters, which would be the latest deal in a sector that is attracting billions of pounds from investors. ** UniCredit MIL:UCG respects German opposition to a full takeover of Commerzbank XETR:CBK, but shareholders would have the last word on any potential deal, the Italian bank's chief executive said. ** Italian merchant bank Mediobanca MIL:MB renewed its opposition to Banca Monte dei Paschi's MIL:BMPS takeover offer, even after it was sweetened with a cash component, saying that it remained "entirely inadequate". ** MFE-MediaForEurope MIL:MFEA said it secured a 75.61% stake in ProSiebenSat.1 XETR:PSM, ending a drawn-out takeover tussle and putting it on track to become Europe's largest free-to-air broadcaster. ** Steelmaker ArcelorMittal's EURONEXT:MT talks to sell its South African unit to state-owned Industrial Development Corporation have stalled over valuation differences, Bloomberg News reported, citing people familiar with the matter. ** U.S.-based KKR NYSE:KKR has acquired South Korea's cosmetics packaging company Samhwa Co from TPG NASDAQ:TPG in a deal valued at 733 billion Korean won ($528 million), Samhwa said. ** Global miner Anglo American (AA.L.L) said it has raised about $2.5 billion from the sale of its remaining 19.9% stake in Valterra Platinum JSE:VAL, its former subsidiary. ** Insurance distribution platform Brightway Insurance has acquired GlobalGreen Insurance Agency, a multi-state franchise network of insurance agencies with approximately $270 million in annual written premium.

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