Deals of the day-Mergers and acquisitions

Covestro AG

07/11/2024 14:41

(Adds: Covestro Updates: BPM)
       Nov 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:
    
        ** German plastics and chemicals maker Covestro
 1COV.DE  said its management and supervisory boards support Abu
Dhabi National Oil Company's (ADNOC) $16.3 billion takeover
offer.
  
         urn:newsml:reuters.com:*:nFWN3ME0W1
  
    
        ** A bid by Italy's third-largest bank Banco BPM
 BAMI.MI  to acquire full control of fund manager Anima Holding
 ANIM.MI  drove shares in both 9% higher.
  
         urn:newsml:reuters.com:*:nL1N3ME0JM
  

    ** Norway's Equinor  EQNR.OL  said it has agreed to buy Sval
Energi's 11.8% stake in the ongoing offshore development Halten
East Unit in the Norwegian Sea, increasing the company's
ownership to 69.5%.
     urn:newsml:reuters.com:*:nL8N3ME0WV
    
    ** The Australian competition regulator cleared privately
owned pharmacy chain Chemist Warehouse's reverse takeover of
Sigma Healthcare  SIG.AX , paving the way to create an A$8.8
billion ($5.78 billion) entity after a year-long wait.
     urn:newsml:reuters.com:*:nL4N3MD3GW
    
    ** Avid Bioservices  CDMO.O  said on Wednesday that it would
be acquired by funds managed by GHO Capital Partners and
Ampersand Capital Partners in a deal valued at about $1.1
billion.
     urn:newsml:reuters.com:*:nL4N3MD3JP

 (Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))