Deals of the day-Mergers and acquisitions

Defence Holdings

05/08/2024 10:37

Aug 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Monday:

    ** Dubai's Sidara said it was walking away from its plan to
buy UK's John Wood Group  WG.L , citing rising geopolitical
risks and uncertainty in the financial market, prompting the
British engineering group's shares to plunge 40%.
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    ** Shares in David Beckham-backed Guild Esports  GILDG.L 
urged more than 54% in early trading, after the gaming firm said
it is planning to agree to a takeover offer from
California-based investment management company DCB Sports.
     urn:newsml:reuters.com:*:nL4N3JS0LD
    
    ** Australia's Woodside Energy  WDS.AX  said it will acquire
OCI Global's  OCI.AS  clean ammonia project in Texas for $2.35
billion as the energy firm advances its transition towards green
energy.
     urn:newsml:reuters.com:*:nL4N3JS0KJ
    
    ** L'Oreal  OREP.PA  will acquire a 10% stake in Swiss skin
care firm Galderma  GALD.S  from a group of major shareholders,
the two companies said, as the French firm seeks a cut of the
profits from the booming medical cosmetics market.
     urn:newsml:reuters.com:*:nL8N3JS079

    ** Societe Generale  SOGN.PA  has agreed to sell its British
and Swiss private banking units to Switzerland's Union Bancaire
Privee (UBP) for 900 million euros ($984 million), the French
bank said as it speeds up its asset sale program.
     urn:newsml:reuters.com:*:nL1N3JS055

    ** Family-owned packaged food giant Mars, whose candy brands
include M&M's and Snickers, is exploring a potential acquisition
of Kellanova  K.N , maker of snacks such as Cheez-It and
Pringles, according to people familiar with the matter.
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 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))