Deals of the day-Mergers and acquisitions

ESR

13/05/2024 14:37

(Adds: Intel, Cinven, BHP Group, Kenvue   Updates: Permira, ESR
Group)
       May 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 13:33 GMT on Monday:

        ** Intel  INTC.O  is in advanced talks for a deal with
Apollo Global Management  APO.N  in which the equity firm would
provide more than $11 billion to build a facility in Ireland,
the Wall Street Journal reported.
  
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        ** Private equity firm Cinven is preparing to explore a
sale of Jaggaer that it hopes will value the maker of supply
chain software at about $3 billion, including debt, according to
people familiar with the matter.
  
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        ** BHP Group  BHP.AX  said  that Anglo American  AAL.L 
had rejected a revised buyout offer valuing the company at 34
billion pounds ($42.67 billion).
  
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        ** Tylenol maker Kenvue  KVUE.N  said  that Johnson &
Johnson  JNJ.N  will sell its remaining 9.5% stake in the
company, about a year after the healthcare conglomerate spun off
and listed its consumer health business.
  
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        ** Private equity firm Permira will take Squarespace
 SQSP.N  private in an all-cash deal valued at about $6.9
billion, the website-design platform said , as small and medium
businesses move online to sustain growth.
  
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        ** Hong Kong-listed real estate fund manager ESR Group
 1821.HK , which halted trading in its shares , said in an
exchange filing that a group of investors has proposed to take
the company currently valued at $5.4 billion private.
  
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    ** Private equity firm EQT  EQTAB.ST  said it had made a
recommended cash offer to buy Swedish renewable energy group OX2
 OX2SE.ST  for 16.4 billion crowns ($1.51 billion).
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    ** French food retailer Casino  CASP.PA  said it has sold
10.15 % of its remaining stake in renewable energy unit
GreenYellow for 46 million euros to investment fund Ardian and
French state-backed investment bank Bpifrance.
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    ** U.S> Senate Majority Leader Chuck Schumer on Sunday urged
the Federal Trade Commission to "pump the breaks" on Chevron
Corp's  CVX.N  proposed $53 billion acquisition of Hess Corp
 HES.N .
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 (Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))