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Friday, September 5, 2014

Deals of the day- Mergers and acquisitions, (NYSE: SMFG)

The following bids, mergers, acquisitions and disposals were reported by 1020 GMT on Friday: ** New Zealand's packaging firm Reynolds has selected several private equity groups but no peers to participate in the second round of bidding for its Swiss subsidiary SIG Combibloc, several people familiar with the deal told Reuters.** Japan's Sumitomo Mitsui Banking Corp said it has agreed to raise its stake in Hong Kong's Bank of East Asia Ltd to 17.5 percent from the current 9.6 percent in a deal worth $950 million. SMBC is core banking unit of Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group, Inc. (SMFG) is principally engaged in the operation of banking business. Shares of SMFG fell by 0.24% or $-0.02/share to $8.25. In the past year, the shares have traded as low as $7.59 and as high as $10.59. On average, 1118950 shares of SMFG exchange hands on a given day and today's volume is recorded at 1373260.