Deals of the day-Mergers and acquisitions

Arcelik

11/10/2023 11:21

Oct 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on
Wednesday:
    
    ** Exxon Mobil  XOM.N  is expected to say on Wednesday it
will buy U.S. rival Pioneer Natural Resources  PXD.N  for about
$60 billion, a deal that puts it atop the largest U.S. oilfield
and secures a decade of low-cost production, according to people
familiar with the matter.  urn:newsml:reuters.com:*:nL4N3BH026
    
    ** Britain's antitrust watchdog said on Wednesday it is
looking into whether Vodafone  VOD.L  and CK Hutchison's
 0001.HK  $19 billion tie-up to create the country's biggest
mobile operator would lead to substantial lessening of
competition. urn:newsml:reuters.com:*:nL4N3BH24C
    
    ** BP  BP.L  and Abu Dhabi National Oil Co's (ADNOC) $2
billion bid to acquire a 50% stake in Israeli gas producer
NewMed Energy  NWMDp.TA  remains on track, a BP executive has
told investors. urn:newsml:reuters.com:*:nL1N3BH0LY
 
    ** The head of Nigeria's oil regulator said he is "very
optimistic" that oil major Exxon Mobil's  XOM.N  asset sale to
Seplat Energy  SEPLAT.LG  can move forward, he told Reuters on
Wednesday.  urn:newsml:reuters.com:*:nL1N3BH0TR
    
    ** Australian billionaire Gina Rinehart has taken a 19.9%
stake in lithium miner Liontown Resources  LTR.AX , her company
Hancock Prospecting said, potentially hindering a takeover bid
launched by U.S. mining giant Albemarle Corp  ALB.N .
 urn:newsml:reuters.com:*:nL1N3BH0F0
    
    ** Private equity firm Blackstone  BX.N  has held
preliminary discussions with Walt Disney  DIS.N  to acquire a
stake in the Indian arm of the entertainment firm, two sources
familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL1N3BH08G
    
    ** Britain's antitrust regulator said it has decided to
refer for an in-depth investigation into Turkish domestic
appliances maker Arcelik's  ARCLK.IS  proposed purchase of
Whirlpool's  WHR.N  appliances business in Europe.  urn:newsml:reuters.com:*:nL4N3BH1CL

 (Compiled by Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com))