Deals of the day-Mergers and acquisitions

ALLETE

03/05/2024 11:19

May 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:

    ** Sony Pictures Entertainment (SPE) and Apollo Global
Management  APO.N  have made a $26 billion cash offer for
Paramount Global  PARA.O , the Wall Street Journal reported.
 urn:newsml:reuters.com:*:nL1N3H60GR
    
    ** Britain's competition watchdog said  that Pennon Group's
 PNN.L  acquisition of Sutton and East Surrey (SES) Water could
hurt the water regulator's ability to make comparisons between
water companies.  urn:newsml:reuters.com:*:nL4N3H655C
    
    ** The UK's competition regulator launched an in-depth probe
into Lindab's  LIAB.ST  acquisition of British ventilation
company HAS-Vent, after the Swedish firm did not offer any
undertaking following the watchdog's initial investigation.
 urn:newsml:reuters.com:*:nL4N3H6548
    
    ** Collapsed U.S. lender SVB Financial Group said on
Thursday that an entity affiliated with Pinegrove Capital
Partners will acquire its venture capital business, SVB Capital.
 urn:newsml:reuters.com:*:nL4N3H63F8
    
    ** The U.S. Department of Justice is seeking more details
and documentary materials as part of an antitrust review of
Nippon Steel's  5401.T  proposed $15 billion takeover of U.S.
Steel, the American firm said on Thursday.  urn:newsml:reuters.com:*:nL4N3H5GLJ
    
    ** Namoi Cotton's  NAM.AX  second-largest shareholder Louis
Dreyfus Company (LDC) said it would not accept an A$136.6
million ($89.84 million) off-market takeover bid from
Singapore's Olam Agri Holdings  IPO-OLAA.SI  for the Australian
cotton producer.
     urn:newsml:reuters.com:*:nL4N3H61HE
    
    ** U.S. investment management company Global Infrastructure
Partners and Canada's pension fund CPP Investments are nearing a
deal to buy clean energy company Allete  ALE.N , and a deal
could be announced soon, a source familiar with the matter told
Reuters.  urn:newsml:reuters.com:*:nL4N3H609I
    
    ** U.S. regulators gave the go-ahead on Thursday to Exxon
Mobil's  XOM.N  $60 billion purchase of Pioneer Natural
Resources  PXD.N , but barred Pioneer's former CEO from Exxon's
board on allegations he attempted to collude with OPEC to raise
oil prices.  urn:newsml:reuters.com:*:nL1N3H5183
    
    ** Pakistan will push back the deadline for companies to
express interest in buying national carrier Pakistan
International Airlines  PIAa.PSX  to May 18, the country's
privatisation minister said on Thursday.  urn:newsml:reuters.com:*:nL1N3H531Z
    
    ** Sycamore Partners is one of the buyout equity firms that
have expressed interest in taking U.S. department store
Nordstrom  JWN.N  private, according to people familiar with the
matter.   urn:newsml:reuters.com:*:nL1N3H52OU

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))