Deals of the day-Mergers and acquisitions

Endeavor group

02/04/2024 20:52

(Adds Eni, Yahoo, Honeywell and Silver Lake)
       April 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on Tuesday:
    
    **  Eni  ENI.MI  is evaluating an expression of interest for
its newswire Agenzia Giornalistica Italia (AGI), a spokesperson
for the energy group said, adding the discussion was preliminary
and non-exclusive. 
         urn:newsml:reuters.com:*:nL5N3GB4TN
  
    
    ** Yahoo said it had acquired Instagram co-founders'
AI-driven news platform, Artifact, and will incorporate its
technology across the U.S. web services provider's news and
other sites. 
         urn:newsml:reuters.com:*:nL3N3GB38E
  
    
    ** Honeywell International  HON.O  is considering selling
its personal protective equipment (PPE) division in a deal that
could value the unit at more than $2 billion, Bloomberg News
reported, citing people familiar with the matter.
         urn:newsml:reuters.com:*:nL3N3GB3OE
  
    
    ** Private equity firm Silver Lake, the biggest investor in
Endeavor Group Holdings  EDR.N , said it had agreed to a deal to
take the talent and entertainment agency private for $13
billion. 
         urn:newsml:reuters.com:*:nL3N3GB3MG
  

    ** Top oilfield services company SLB  SLB.N  said it will
buy smaller rival ChampionX  CHX.O  in an all-stock deal valued
at $7.75 billion, amid growing consolidation in the North
American energy sector.
     urn:newsml:reuters.com:*:nL3N3GB2JB
    
    ** Brazilian energy firm Enauta  ENAT3.SA  has presented an
offer to combine with fellow oil firm 3R Petroleum  RRRP3.SA ,
which in turn said it had halted talks for a proposed tie-up
with rival PetroReconcavo  RECV3.SA  to analyse the new bid.
     urn:newsml:reuters.com:*:nL2N3GB0U2
    
    ** The controlling shareholders of Brazilian payments firm
Cielo  CIEL3.SA  have reached an agreement with some minority
shareholders to raise the price of a tender offer to take the
company private, according to a securities filing.
     urn:newsml:reuters.com:*:nL2N3GB0UP
    
    ** An investment vehicle linked to CVC Capital Partners has
disposed of its entire 5% stake in Vietnam's fourth biggest
non-state owned commercial lender, Asia Commercial Bank (ACB),
for $220 million, according to a company filing and a person
with knowledge of the matter.
     urn:newsml:reuters.com:*:nL2N3GB0PH
    
    ** Australian shipbuilder Austal said it had rejected an
A$1.02 billion ($662 million) takeover offer from South Korea's
Hanwha Ocean as it was unlikely to be approved by Australian and
U.S. regulators due to the sensitivity of its operations.
     urn:newsml:reuters.com:*:nL3N3GA3GW
    
    ** Pakistan is putting on the block a stake ranging from 51%
to 100% of loss-making national carrier Pakistan International
Airlines  PIAa.PSX , the privatisation panel said , as part of
reforms urged by the IMF.
     urn:newsml:reuters.com:*:nL2N3GB0DC
    
    ** Australia's APM Human Services  APM.AX  is in talks with
various parties regarding a potential transaction, it said, days
after private equity firm CVC Asia Pacific failed to go ahead
with its A$1.83 billion ($1.19 billion) takeover offer.
     urn:newsml:reuters.com:*:nL3N3GB1AH

    ** Funds related to activist shareholder Yoshiaki Murakami
jointly own a 5.11% stake in Japanese chip materials maker JSR
Corp  4185.T , a regulatory filing showed.
     urn:newsml:reuters.com:*:nL3N3GB1GJ

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