Deals of the day-Mergers and acquisitions

Civitas Resources

03/11/2025 14:35

Adds: Millennium Management, Kimberly-Clark, Eaton, Vertiv Holdings, SM Energy, Sinopec Group

Nov 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

** Millennium Management has sold a 15% stake to a group that included some of its largest institutional investors, according to an internal email seen by Reuters. nL4N3WF0XC

** Kleenex maker Kimberly-Clark KMB.O said it will buy Kenvue KVUE.N for more than $40 billion in a landmark deal for the consumer sector, as the Tylenol maker grapples with White House scrutiny and choppy demand. nL4N3WF0NN

** Eaton ETN.N will acquire Boyd Corp's thermal business from Goldman Sachs Asset Management for $9.5 billion, the fourth deal this year for the power management firm seeking to bolster its data center segment to cater to AI demand surge. nL4N3WF0PU

** Vertiv Holdings VRT.N said it would acquire HVAC services firm PurgeRite Intermediate for about $1 billion, as the data center power equipment maker seeks to expand its liquid cooling services portfolio. nL4N3WF0UY

** SM Energy SM.N and Civitas Resources CIVI.N said they will merge in a deal valued at about $12.8 billion, including debt, creating one of the largest independent U.S. oil producers that will hold a dominant position in the Permian Basin.

nL4N3WF0MS

** The world's largest refiner by capacity, Sinopec Group 0386.HK, is in talks to buy the country's dominant jet fuel distributor, China National Aviation Fuel Group (CNAF) in a government-initiated move, Bloomberg News reported .

nL1N3WF0AH

** BP BP.L has agreed to sell minority stakes in some of its U.S. onshore pipeline assets in the Permian and Eagle Ford basins to investment firm Sixth Street for $1.5 billion, it said. nL6N3WF07A

** Fintech firm CompoSecure CMPO.N, backed by former Honeywell CEO David Cote, is set to buy Husky Technologies from Platinum Equity for roughly $5 billion including debt, the Wall Street Journal reported. nL4N3WF0EF

** British advertising group M&C Saatchi SAA.L rejected an unsolicited 50 million pound ($67.1 million) bid for its media division from rival Brave Bison BBSN.L, saying the offer "fundamentally undervalues" the business. nL4N3WF0BU

** Philadelphia Insurance Companies has acquired the collector vehicle division from Carlyle-backed Ignyte Insurance. nL6N3WD023

 (Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))