Deals of the day-Mergers and acquisitions

Dongwon Industries

06/02/2023 11:31

Feb 6 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday:
    ** Commodity price and news specialist Fastmarkets has
acquired Singapore-based Palm Oil Analytics, expanding its
coverage of vegetable oil and biofuel markets, it
said. urn:newsml:reuters.com:*:nL8N34M2I1
    ** Nissan  7201.T  and Renault  RENA.PA  unveiled details of
their redesigned alliance, with the Japanese car maker
committing to buy a stake of up to 15% in Renault's electric
vehicles unit Ampere.  urn:newsml:reuters.com:*:nL8N34M1GY
    ** Australia's Recharge Industries was selected as the
preferred bidder to buy Britishvolt, the collapsed UK startup
which had struggled to fund a major electric vehicle battery
factory in northern England.  urn:newsml:reuters.com:*:nL4N34M1Q4
    ** Top gold producer Newmont Corp  NEM.N  said it had made a
$16.9 billion offer for Australian peer Newcrest Mining Ltd
 NCM.AX  to build a global gold behemoth, although investors and
analysts said it undervalued the target amid a leadership
change.  urn:newsml:reuters.com:*:nL1N34L0H1
    ** U.S. investor Sixth Street is among the firms preparing a
bid for a part of the media and commercial rights to Germany's
football league, the Financial Times reported, citing people
familiar with the matter.  urn:newsml:reuters.com:*:nL4N34M0TN
    ** Philippine conglomerate Metro Pacific Investments Corp
 MPI.PS  is in talks to acquire a significant share stake in
Axelum Resources Corp  AXLM.PS , a manufacturer and exporter of
coconut products, two sources with knowledge of the deal said.
 urn:newsml:reuters.com:*:nL4N34M0JL
    ** Public Storage  PSA.N , the largest U.S. operator of
self-storage properties, on Sunday unveiled an $11 billion
hostile bid for Life Storage Inc  LSI.N , ratcheting up attempts
to buy its smaller rival after its earlier takeover attempts
were rebuffed.  urn:newsml:reuters.com:*:nL1N34L0H7
    ** South Korea's Dongwon Industries Co Ltd  006040.KS  in a
regulatory filing said it is considering buying the local unit
of U.S. fast-food chain McDonald's Corp  MCD.N .  urn:newsml:reuters.com:*:nS6N33R00N
    ** Gina Rinehart-owned Hancock Energy said that its updated
A$0.36 per share offer for Australia's Warrego Energy  WGO.AX ,
which valued the oil and gas explorer at A$440 million ($304
million) has received the minimum required 40% approval from
Warrego shareholders.  urn:newsml:reuters.com:*:nL1N34L0HK
    **  Australian copper and gold producer OZ Minerals  OZL.AX 
 said its A$9.6 billion ($6.61 billion) buyout by BHP Group
 BHP.AX  received approval from Brazilian competition regulator
the Administrative Council for Economic Defence.  urn:newsml:reuters.com:*:nL1N34L0FT
    ** Tenaris SA  TENR.MI  said on Sunday that Benteler North
America Corp has called off a previously announced agreement to
sell 100% of its shares in its steel pipe business to the
Luxembourg-based company.  urn:newsml:reuters.com:*:nL4N34L08O
 (Compiled by Priyamvada C and Rajarshi Roy in Bengaluru)
 ((Priyamvada.c@thomsonreuters.com
Rajarshi.Roy@thomsonreuters.com;))