Deals of the day-Mergers and acquisitions

Diamond Offshore Drilling

10/06/2024 20:53

June 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on Monday: 
  
    
    ** Former media executive Edgar Bronfman Jr., backed by
private equity firm Bain Capital, has expressed interest in
buying Paramount's  PARA.O  controlling shareholder National
Amusements, a source familiar with the matter said.  urn:newsml:reuters.com:*:nL4N3I80Z7
    
    ** Spanish holding firm Criteria said it had not reached an
agreement with Abu Dhabi's TAQA  TAQA.AD  over a potential joint
takeover bid for Spanish gas firm Naturgy  NTGY.MC .
 urn:newsml:reuters.com:*:nL1N3I80OE
    
    ** Brazil's Diagnosticos da America (Dasa)  DASA3.SA  and
health insurance operator Amil are in advanced talks to combine
their hospital businesses, Dasa said in a securities filing.
 urn:newsml:reuters.com:*:nL1N3I80P5 
    
    ** Ambar Energia, a Brazilian energy firm owned by
conglomerate J&F, is mulling the possibility of taking control
of electricity distributor Amazonas Energia, two sources with
knowledge of the matter told Reuters.  urn:newsml:reuters.com:*:nL1N3I80OJ 
    
    ** Societe Generale  SOGN.PA  is struggling to agree on a
deal for its securities services unit, with potential bidders
baulking at the price the French bank wants for the business,
sources close to the matter said.  urn:newsml:reuters.com:*:nL8N3I35GA 
    
    ** Engelhart Commodities Trading Partners has agreed to buy
energy and technology company Trailstone Group to strengthen its
global power and gas trading platform, the company said.
 urn:newsml:reuters.com:*:nL1N3I80IW 
    
    ** UAE telecoms group e&'s  EAND.AD  bid for parts of Czech
telecoms company PPF's assets will be investigated on concerns
it may be benefiting from distortive foreign subsidies, EU
competition regulators said.  urn:newsml:reuters.com:*:nL8N3I80Z6 
    
    ** Offshore rig contractor Noble  NE.N  said it would buy
smaller rival Diamond Offshore Drilling  DO.N  in a
cash-and-stock deal valued at $1.59 billion, the latest in a
series of buyouts in a sector undergoing massive consolidation.
 urn:newsml:reuters.com:*:nL4N3I807W

    ** Vista Outdoor  VSTO.N  said it had rejected a sweetened
takeover bid for the company by investment firm MNC Capital, and
that it had received a more than $2 billion offer from a private
investment firm for its sporting products unit.
     urn:newsml:reuters.com:*:nL4N3I80LQ
    
    ** Information technology services provider Cognizant
Technologies  CTSH.O  said it has agreed to acquire digital
engineering firm Belcan for nearly $1.3 billion in cash and
stock.
     urn:newsml:reuters.com:*:nL1N3I807U
    
    ** EU antitrust regulators have given British Airways-owner
IAG  ICAG.L  more time to offer fresh remedies to ease their
concerns about its bid for full control of Spain's Air Europa.
     urn:newsml:reuters.com:*:nL1N3I80AB
    
    ** BBVA's  BBVA.MC  Chair Carlos Torres urged shareholders
to participate in an extraordinary meeting on July 5 called to
approve a share issue to fund its 12-billion-euro ($13 billion)
hostile takeover bid for smaller rival Banco Sabadell  SABE.MC .
     urn:newsml:reuters.com:*:nL8N3I4536

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