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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Guotai Junan International, Dream Finders Homes Updates: Genel Energy

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Hong Kong-listed Guotai Junan International <1788.HK> said it received a conditional take-private proposal from Guotai Haitong Securities <SH.601211>, as the parent firm looks to streamline international operations following last year's mega-merger.

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** Kurdistan-focused Genel Energy <GENL.L> has rejected Norwegian oil firm DNO's <DNO.OL> £202 million ($271.8 million) takeover bid, it said, as it fundamentally undervalued the London-listed company.

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** Dream Finders Homes <DFH.N> said it would acquire peer Beazer Homes <BZH.N> in an all-cash deal worth about $2.2 billion, including debt, as it looks to scale up and become the sixth-largest U.S. homebuilder in a challenging housing market.

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** Israel-based Ratio Petroleum Energy <RTPTp.TA> raised its takeover bid for Pharos Energy <PHARP.L> to about £146.4 million ($196.97 million), outbidding rival oil producer Serica Energy <SQZ.L> and winning back the board's recommendation.

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** BP <BP.L> has agreed to acquire Australia-based Woodside Energy's <WDS.AX> 70% interest in the Calypso gas project in Trinidad and Tobago, it said on Thursday, taking full ownership of the major early-stage deepwater discovery.

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** Advanced Micro Devices <AMD.O> said on Thursday it would buy chip startup Taalas for an undisclosed amount, strengthening its technology as it taps into the rapidly growing market for AI inference workloads.

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** Apollo Global <APO.N> has agreed to buy European budget airline easyJet <EZJ.L> in a deal that values the carrier at about £5.7 billion ($7.7 billion), the companies said on Thursday, as rival suitor Castlelake abandoned its pursuit.

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** Axa XL, which currently holds approximately 49% of S-RM, has agreed to acquire the remaining shares of the specialist corporate intelligence and cybersecurity consultancy.

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(Compiled by Rajarshi Roy and Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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