Deals of the day-Mergers and acquisitions

Base Resources

22/04/2024 20:44

(Adds Wolfspeed and Galp Energia; updates Energy Fuels)
       April 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1930 GMT on Monday:
    
    ** Activist investor Jana Partners is urging the world's
largest maker of silicon carbide Wolfspeed Inc  WOLF.N  to
explore all ways to improve shareholder value, including a
potential sale, according to a letter reviewed by Reuters.
 urn:newsml:reuters.com:*:nL2N3GU0I6
        
  
        ** Portuguese oil company Galp Energia  GALP.LS  has
launched the sale of half of its stake in an exploration block
offshore Namibia where it has made a major oil discovery, three
industry sources familiar with the matter told Reuters.
 urn:newsml:reuters.com:*:nL2N3GV1XD
  

    ** Data-management software firm Informatica  INFA.N  is not
currently engaged in any discussions to be acquired, the company
said, after media reports of takeover interest from Salesforce
 CRM.N .  urn:newsml:reuters.com:*:nL3N3GV312
    
    ** Kroger  KR.N  and Albertsons Cos  ACI.N  said that they
have amended their definitive agreement with C&S Wholesale
Grocers for the sale of assets in connection with their proposed
merger.  urn:newsml:reuters.com:*:nL3N3GV2SD
    
    ** CoStar Group  CSGP.O  said it would buy 3D virtual tour
creator Matterport  MTTR.O  in a cash-and-stock deal valued at
$1.6 billion.  urn:newsml:reuters.com:*:nL3N3GV2Y1
    
    ** Vista Outdoor  VSTO.N  said it was engaging in
discussions with investment firm MNC Capital for a better deal
than its all-cash offer to acquire the sporting and outdoor
products maker for $3 billion. urn:newsml:reuters.com:*:nL3N3GV2IE
    
    ** Saudi oil giant Aramco said it is in talks to acquire a
10% stake in China's Hengli Petrochemical  600346.SS , a deal
which would further bolster Aramco's growing downstream presence
in China.  urn:newsml:reuters.com:*:nL2N3GV0TP
    
    ** Portuguese oil company Galp Energia  GALP.LS  has
launched the sale of half of its stake in an exploration block
offshore Namibia where it has made a major oil discovery, three
industry sources familiar with the matter told Reuters.
 urn:newsml:reuters.com:*:nL2N3GV0LS
    
    ** Shanghai Electric Power Company  600021.SS  withdrew its
offer to acquire up to 66.4% of Pakistani power company
K-Electric, the manager of the offer said in a notice to the
Pakistan Stock Exchange.  urn:newsml:reuters.com:*:nL2N3GV0MU
    
    ** Saudi Arabia's sovereign wealth fund PIF has agreed to
buy a 51% stake in Telecommunication Towers Company Ltd (TAWAL)
from STC Group  7010.SE , paving the way for the creation of the
region's largest telecom tower company, PIF and STC said.
 urn:newsml:reuters.com:*:nL2N3GV08D
    
    ** European investment company Permira has begun the process
for the sale of its 50% stake in Asian aquatic food provider
Grobest, targeting a valuation of about $1 billion for the
Taiwan-based company, said three sources close to the matter.
 urn:newsml:reuters.com:*:nL2N3GV0HO
    
    ** Portuguese oil company Galp Energia  GALP.LS  has
launched the sale of half of its stake in an exploration block
offshore Namibia where it has made a major oil discovery, three
industry sources familiar with the matter told Reuters.
 urn:newsml:reuters.com:*:nL5N3GV1SQ
    
    ** Korea's SK Square  402340.KS  is selling up to $198 mln
of Krafton Inc  259960.KS  in a block trade, according to a term
sheet seen by Reuters.  urn:newsml:reuters.com:*:nL3N3GV1XO
    
    ** U.S.-based Quanex Building Products  NX.N  will buy doors
and windows supplier Tyman  TYMN.L  in a cash and share deal,
valuing the British firm at about 788 million pounds ($976
million), the companies said.  urn:newsml:reuters.com:*:nL3N3GV171

    ** Blackstone  BX.N  made a potential offer to buy Hipgnosis
Songs Fund  SONG.L  for about $1.5 billion, outbidding
Apollo-backed Concord and triggering a takeover battle for the
owner ofmusic rights by artists including Shakira and Red Hot
Chili Peppers.  urn:newsml:reuters.com:*:nL3N3GV169
   
    ** U.S.-based uranium and rare earths producer Energy Fuels
 UUUU.A  has bought a mineral sands miner with a project in
Madagascar that will allow it to develop a global supply chain
for rare earths.  urn:newsml:reuters.com:*:nL2N3GU0IM

 (Compiled by Rajarshi Roy, Anuja Bharat Mistry and Pritam
Biswas in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))