Deals of the day-Mergers and acquisitions

Bentley Systems

19/04/2024 20:53

April 19 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1930 GMT on Friday:
    
    ** Investment fund Phoenix won the privatization auction for
a controlling stake in Brazilian power generator EMAE  EMAE4.SA 
with an offer of 70.65 reais per share, a premium of 33.68% over
the minimum bid.  urn:newsml:reuters.com:*:nS0N3GC046
    
    ** U.S. investment company KKR's  KKR.N  proposed buyout of
Telecom Italia's (TIM)  TLIT.MI  fixed-line access network will
be decided by EU antitrust regulators by May 30, according to a
European Commission filing.  urn:newsml:reuters.com:*:nL2N3GS27B
    
    ** Hedge fund manager Butler Hall Capital said on Friday it
is urging Vanda Pharmaceuticals  VNDA.O  to form an independent
special committee to engage with Future Pak over its takeover
offer and run a full sales process.  urn:newsml:reuters.com:*:nL3N3GS3YJ
    
    ** French train manufacturer Alstom  ALSO.PA  has agreed to
sell its North American conventional rail signalling business to
German rail systems manufacturer Knorr-Bremse AG KBX.DE for
around 630 million euros ($671 million), it said.  urn:newsml:reuters.com:*:nL2N3GS1YE
    
    ** Brazil's Petz  PETZ3.SA  said it had agreed to merge with
rival Cobasi in a cash and share swap deal that would create the
country's largest pet product retailer.  urn:newsml:reuters.com:*:nL2N3GS0V0
    
    ** Spain signalled it was open to a potential takeover bid
of energy firm Naturgy NTGY.MC by Abu Dhabi's TAQA  TAQA.AD ,
saying that while the government will defend its strategic
interests that did not imply it would block the deal.
 urn:newsml:reuters.com:*:nL5N3GS3RA
    
    ** Lufthansa  LHAG.DE  executives and lawyers will attend a
day-long hearing in Brussel to try to convince EU antitrust
regulators to clear the company's bid for a minority stake in
Italian rival ITA Airways.  urn:newsml:reuters.com:*:nL5N3GR6VE
    
    ** British packaging group Mondi  MNDI.L  will not make an
offer to buy DS Smith  SMDS.L , it said, bowing out of the
battle after its UK peer agreed to a 5.8 billion pound ($7.21
billion) deal with International Paper IP.N earlier this week.
 urn:newsml:reuters.com:*:nL3N3GS2QU
     
    ** The Indian government is open to a minority stake sale in
General Insurance Corporation of India  GENA.NS  (GIC) and Life
Insurance Corporation of India  LIFI.NS  (LIC) in financial year
2024/25 after assessing investor appetite, a government source
told Reuters on Friday.  urn:newsml:reuters.com:*:nL2N3GS0X5
    
    ** Schneider Electric  SCHN.PA  is in talks with U.S.
engineering software producer Bentley Systems  BSY.O  over a
potential "strategic transaction", it said without elaborating,
sending the French company's shares down 2%.  urn:newsml:reuters.com:*:nL2N3GS0KP
    
    ** Shares of Paramount Global  PARA.O  rose more than 9% in
premarket trade, after Reuters reported Sony Pictures
Entertainment  6758.T  and Apollo Global Management  APO.N  were
discussing a joint bid to acquire the media company.
 urn:newsml:reuters.com:*:nL3N3GS2BD
    
    ** Private equity firm Blackstone Inc  BX.N  is nearing a
deal to sell its controlling stake in South Korean wholesale
drug distributor Geo-Young to North Asian buyout fund MBK
Partners for over $1 billion, three sources said.  urn:newsml:reuters.com:*:nL2N3GS0K3
    
    ** The mining investment arm of Abu Dhabi's most valuable
company has offered to buy a majority stake in Vedanta
Resources' Zambian copper assets, two sources familiar with the
matter told Reuters, in its drive to build an African copper
mining empire.  urn:newsml:reuters.com:*:nL2N3GO1QO

 (Compiled by Priyanka.G in Bengaluru)
 ((Priyanka.G@thomsonreuters.com;))