Deals of the day-Mergers and acquisitions

Catalent

29/05/2024 14:43

(Adds: N-Able, Catalent, Sidara, HSBC, Sabadell Updates:
ConocoPhillips, Anglo American, Merck , Britain's Royal Mail)
       May 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1340 GMT on
Wednesday:
    
    ** N-Able  NABL.N , a U.S. provider of information
technology software with a market value of $2.3 billion, is
exploring a sale after attracting acquisition interest, people
familiar with the matter said.
         urn:newsml:reuters.com:*:nL4N3HR3FY
  

        ** Catalent  CTLT.N  said its stockholders have voted to
approve its buyout deal with Novo Holdings, the parent company
of Novo Nordisk  NOVOb.CO .
  
         urn:newsml:reuters.com:*:nL4N3HW33J
  
    
        ** Merck  MRK.N  agreed to buy privately held biotech
EyeBio for as much as $3 billion, as it looks to diversify its
portfolio of experimental drugs with treatments for eye
diseases.
  
         urn:newsml:reuters.com:*:nL4N3HW2HT
  
    
        ** Dubai-based engineering and consulting firm Sidara
raised its offer for John Wood Group  WG.L  for the third time,
saying that was the "final offer" for the British oilfield
services and engineering firm.
  
         urn:newsml:reuters.com:*:nL4N3HW34B
  
    
        ** ConocoPhillips  COP.N   agreed to buy Marathon Oil
 MRO.N  in a $22.5 billion deal, the latest in a series of
mega-mergers in the oil and gas industry as companies look to
bolster reserves.
  
         urn:newsml:reuters.com:*:nL4N3HW1EP
  

        **  Anglo American  AAL.L   rejected BHP Group's
 BHP.AX  last-ditch request for more time to discuss a $49
billion takeover offer, dismissing it as highly complex and
likely ending a five-week pursuit by the bigger rival.
  
         urn:newsml:reuters.com:*:nL4N3HW1DF
  
        
  
        ** HSBC  HSBA.L  has transferred ownership of its
Russian unit to Expobank for an undisclosed fee, the two lenders
said , ending around two years of negotiations and uncertainty.
  
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        ** Spain's Sabadell  SABE.MC  is not planning to try and
buy a competitor as part of a potential defence strategy against
rival BBVA's  BBVA.MC  hostile takeover attempt, Chief Executive
Officer Cesar Gonzalez-Bueno told Reuters.
  
         urn:newsml:reuters.com:*:nL1N3HW0Q1
  

        ** The owner of Britain's Royal Mail has agreed to a
3.57 billion pound ($4.55 billion) takeover by Czech billionaire
Daniel Kretinsky, it said, in a take-private deal of one of the
world's oldest postal firms.
  
         urn:newsml:reuters.com:*:nL4N3HW1CU    
  

    ** A consortium of U.S. investment firm KKR  KKR.N  and
Singapore Telecommunications (SingTel)  STEL.SI  has emerged as
the frontrunner to buy a minority stake worth $1 billion in one
of Asia's biggest data centre providers, two sources said.
     urn:newsml:reuters.com:*:nL1N3HV0PB

    ** India's Paytm  PAYT.NS  is not in talks to sell a stake
in itself, while neither billionaire Gautam Adani nor his
namesake power-to-ports group are looking to buy shares in the
embattled digital payments firm, the companies said .
     urn:newsml:reuters.com:*:nL4N3HW0TA

    ** Cathie Wood's Ark Investment Management had purchased a
stake in xAI, Elon Musk's artificial intelligence startup, with
a post-money valuation of $24 billion, Bloomberg News reported
on Tuesday.
     urn:newsml:reuters.com:*:nL4N3HV48Q
    
    ** Private equity firm KKR  KKR.N  would acquire Canadian
energy firm Emera's  EMA.TO  indirect minority stake in the
Labrador Island Link (LIL) clean energy transmission project for
C$1.19 billion ($872.24 million), the companies said on Tuesday.
     urn:newsml:reuters.com:*:nL4N3HV3Y3
    
    ** T-Mobile  TMUS.O  will buy almost all of regional carrier
United States Cellular's  USM.N  wireless operations including
customers, stores and 30% of its spectrum assets in a deal
valued at $4.4 billion, the telecom giant said on Tuesday.
     urn:newsml:reuters.com:*:nL4N3HV28Z
    
    ** Hess  HES.N  shareholders on Tuesday approved the
proposed $53 billion merger with Chevron  CVX.N  that paves the
way for the No. 2 U.S. oil company to gain a prize asset and a
foothold in rival Exxon Mobil's  XOM.N  massive Guyana
discoveries.
     urn:newsml:reuters.com:*:nL1N3HV229

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