Deals of the day-Mergers and acquisitions

Emerson Electric Co

28/01/2025 14:33

(Adds: Mediobanca Updates: Snam)
       Jan 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:

        ** Italian bank Mediobanca  MDBI.MI  rejected a takeover
offer by state-backed rival Monte dei Paschi di Siena  BMPS.MI ,
saying a tie-up would be detrimental to its shareholders because
it lacked any strategic and financial rationale.
  
         urn:newsml:reuters.com:*:nL2N3OO0FH
  
    
        ** Italian gas grid operator Snam  SRG.MI  will sell its
minority stake indirectly held in ADNOC Gas Pipelines to Abu
Dhabi-based investment fund Lunate, Snam said.
  
         urn:newsml:reuters.com:*:nL5N3OO0GU
  
    
    ** Pan-European stock exchange Euronext  ENX.PA  announced
it would acquire Nasdaq's  NDAQ.O  Nordic power futures
activities, as it seeks to widen its business in the northern
European electricity market.  urn:newsml:reuters.com:*:nL2N3OO07N

    ** Dutch bank ING Groep  INGA.AS  said it had reached an
agreement to sell its business in Russia to local company Global
Development JSC, leaving the bank with an exposure of 1 billion
euros ($1.04 billion).  urn:newsml:reuters.com:*:nL2N3OO06Z

    ** German airline group Lufthansa  LHAG.DE  is in talks with
Spanish carrier Air Europa about the possibility of acquiring a
minority stake, according to two sources with knowledge of the
talks.  urn:newsml:reuters.com:*:nL2N3OO09C

    ** Blue Pool, a Hong Kong-based investment firm backed by
Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian
luxury sneaker makerGolden Goose, the Venice-based brand said.
 urn:newsml:reuters.com:*:nL5N3OO0FC

    ** Tiger Brands  TBSJ.J , South Africa's biggest food
producer, said it would sell its 24.4% stake in food producer
Empresas Carozzi back to Chilean parent Carozzi  CAROZZI.SN  for
$240 million to focus on its domestic business.  urn:newsml:reuters.com:*:nL6N3OO03Y

    ** Billionaire Brad Jacobs took his QXO  QXO.N  $11 billion
takeover offer for Beacon Roofing  BECN.O  to shareholders,
after North America's largest publicly traded distributor of
roofing materials repeatedly rebuffed his offer.  urn:newsml:reuters.com:*:nL3N3ON0RB

    ** Eversource Energy  ES.N  said it has agreed to sell its
public water supply unit in a deal valued at $2.4 billion, as
the utility firm aims to pare debt and focus on the core
electric and natural gas businesses.  urn:newsml:reuters.com:*:nL3N3ON1JI

    ** U.S. industrial company Emerson Electric  EMR.N  agreed
to pay $7.2 billion to buy the remaining shares in software
supplier AspenTech  AZPN.O  that it does not already own, the
companies said.  urn:newsml:reuters.com:*:nL3N3ON18K

    ** U.S.-based Diversified Energy  DEC.N  said it will buy
private equity-owned Maverick Natural Resources for $1.28
billion, including debt, to expand into the oil and gas-rich
Permian Basin, sending its shares up 4.3%.  urn:newsml:reuters.com:*:nL2N3OM09A

    ** Sage Therapeutics  SAGE.O  said on Monday that its board
has unanimously rejected Biogen’s  BIIB.O  $469 million offer,
stating it "significantly undervalues" the company and does not
serve shareholders' best interests.  urn:newsml:reuters.com:*:nL3N3ON0YV

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