Deals of the day-Mergers and acquisitions

CJ CheilJedang

11/10/2023 14:45

(Adds Birkenstock, Bunge, Siemens Energy, VinFast, Next,
Evolyn; Updates Exxon Mobil)
       Oct 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1340 GMT on
Wednesday:
    
    ** LVMH-backed Birkenstock  BIRK.N  was set to list its
shares on the New York Stock Exchange after the German luxury
sandal maker notched a valuation of $9.3 billion in its U.S.
initial public offering (IPO).  urn:newsml:reuters.com:*:nL4N3BH2SC
        
  
        ** Bunge  BG.N  has agreed to buy South Korean CJ
Cheiljedang Corp's  097950.KS  equity stake in Brazilian soy
crusher CJ Selecta, according to a statement. urn:newsml:reuters.com:*:nL1N3BH1C9
  
        
  
        ** Siemens Energy  ENR1n.DE  is selling Trench, its
high-voltage component business, to private equity firm Triton,
the company said, having announced a review of the business
earlier this year. urn:newsml:reuters.com:*:nL8N3BH44S
        
  
        ** Electric-vehicle maker VinFast Auto  VFS.O  said it
would acquire battery tech maker VinES from its chairman, Pham
Nhat Vuong, under which it would assume 11.122 trillion
Vietnamese dong ($455 million) in debt. urn:newsml:reuters.com:*:nL4N3BH34P
  
        
  
        ** Evolyn said it signed a deal to purchase 12 trains
from Alstom  ALSO.PA  for its planned high-speed rail service
under the English Channel which aims to compete with Eurostar.
 urn:newsml:reuters.com:*:nL8N3BH403
        
  
        ** British apparel retailer Next  NXT.L  is close to
buying fashion chain FatFace in a deal worth more than 100
million pounds ($123 million), Sky News reported.  urn:newsml:reuters.com:*:nL8N3BH3AJ 
        
  
        ** Exxon Mobil  XOM.N  agreed to buy U.S. rival Pioneer
Natural Resources  PXD.N   in an all-stock deal valued at $59.5
billion that would make it the biggest producer in the largest
U.S. oilfield and secure a decade of low-cost production.
 urn:newsml:reuters.com:*:nL4N3BH026
  
        
  
    ** Britain's antitrust watchdog said on Wednesday it is
looking into whether Vodafone  VOD.L  and CK Hutchison's
 0001.HK  $19 billion tie-up to create the country's biggest
mobile operator would lead to substantial lessening of
competition. urn:newsml:reuters.com:*:nL4N3BH24C
    
    ** BP  BP.L  and Abu Dhabi National Oil Co's (ADNOC) $2
billion bid to acquire a 50% stake in Israeli gas producer
NewMed Energy  NWMDp.TA  remains on track, a BP executive has
told investors. urn:newsml:reuters.com:*:nL1N3BH0LY
 
    ** The head of Nigeria's oil regulator said he is "very
optimistic" that oil major Exxon Mobil's  XOM.N  asset sale to
Seplat Energy  SEPLAT.LG  can move forward, he told Reuters on
Wednesday.  urn:newsml:reuters.com:*:nL1N3BH0TR
    
    ** Australian billionaire Gina Rinehart has taken a 19.9%
stake in lithium miner Liontown Resources  LTR.AX , her company
Hancock Prospecting said, potentially hindering a takeover bid
launched by U.S. mining giant Albemarle Corp  ALB.N .
 urn:newsml:reuters.com:*:nL1N3BH0F0
    
    ** Private equity firm Blackstone  BX.N  has held
preliminary discussions with Walt Disney  DIS.N  to acquire a
stake in the Indian arm of the entertainment firm, two sources
familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL1N3BH08G
    
    ** Britain's antitrust regulator said it has decided to
refer for an in-depth investigation into Turkish domestic
appliances maker Arcelik's  ARCLK.IS  proposed purchase of
Whirlpool's  WHR.N  appliances business in Europe.  urn:newsml:reuters.com:*:nL4N3BH1CL

 (Compiled by Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com))