Deals of the day-Mergers and acquisitions

Catalent

29/05/2024 21:07

(Adds Servier, Royal Mail, Double Eagle, Tellurian; Updates
Catalent, Sabadell, ConocoPhillips, Anglo American, N-Able)
       May 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:

    ** Prolific oil and gas developer Double Eagle is exploring
a sale of its latest Permian Basin-based producer in a deal that
could be worth more than $6.5 billion, including debt, according
to people familiar with the matter.  urn:newsml:reuters.com:*:nL8N3HV6H0
    
    ** The owner of Britain's Royal Mail has agreed to a 3.57
billion pound ($4.55 billion) takeover by Czech billionaire
Daniel Kretinsky, in a take-private deal of one of the world's
oldest postal firms.  urn:newsml:reuters.com:*:nL4N3HW1CU
        
  
        ** Royal Mail and its sister business GLS  IDSI.L  need
sizable, almost immediate investments to defend market share and
face shifting market trends, Czech billionaire Daniel Kretinsky
told Reuters after the group's owner agreed to a 3.57 billion
pound ($4.55 billion) takeover.  urn:newsml:reuters.com:*:nL1N3HW21Z 
  
    
    ** Mining group BHP Group  BHP.AX  walked away from its $49
billion plan to take over rival Anglo American  AAL.L , which
rejected a last-ditch request for more time, ending for now its
six-week pursuit.  urn:newsml:reuters.com:*:nL4N3HW1DF 
    
    ** Top U.S. independent oil and gas producer ConocoPhillips
 COP.N  agreed to buy Marathon Oil  MRO.N  for $22.5 billion,
the latest in a series of mega-deals in the energy industry.
 urn:newsml:reuters.com:*:nL4N3HW1EP 
    
    ** The French government has told drugmaker Servier it is
against any sale of its generics subsidiary Biogaran, which has
a market share of almost a third in the country, Prime Minister
Gabriel Attal said.  urn:newsml:reuters.com:*:nL8N3HW4E6
    
    ** N-Able  NABL.N , a U.S. provider of information
technology software with a market value of about $2.5 billion,
is exploring a sale after attracting acquisition interest,
people familiar with the matter said.  urn:newsml:reuters.com:*:nL1N3HW1EV
    
    ** 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:*:nL1N3HW135
        
  
    ** Catalent  CTLT.N  said its stockholders have voted to
approve Novo Nordisk  NOVOb.CO  parent's $16.5 billion bid to
take over the contract manufacturer.  urn:newsml:reuters.com:*:nL4N3HW33J
        
  
        ** Aethon Energy said it would buy Tellurian's  TELL.A 
upstream assets for $260 million and signed a deal that could
allow the investment firm to purchase two million tons per annum
of liquefied natural gas from Tellurian's Driftwood LNG plant.
 urn:newsml:reuters.com:*:nL4N3HW2KI   
  
    
    ** 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
    
    ** 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.
 urn:newsml:reuters.com:*:nL1N3HW0V4

    ** 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
    

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