Deals of the day-Mergers and acquisitions

ESR

13/05/2024 21:10

(Adds Italgas, Kraft Heinz, Hess, Anglo American, Axa,
Walgreens Boots Alliance; updates BHP Group, ESR Group)
       May 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 19:55 GMT on Monday:

        ** Italgas  IG.MI , Europe's biggest gas distributor,
said on Monday that it started exclusive talks to acquire
smaller rival 2i Rete Gas.  urn:newsml:reuters.com:*:nL1N3HG1V6
  
        
  
        ** Proxy advisory firm ISS recommended that Hess  HES.N 
shareholders abstain from voting for Chevron's  CVX.N  proposed
$53 billion acquisition of Hess.  urn:newsml:reuters.com:*:nL4N3HG3Y7
  
        
  
        ** Kraft Heinz  KHC.O  is exploring a sale of its Oscar
Mayer meats business that could fetch anything between $3
billion to $5 billion, the Wall Street Journal reported, citing
people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3HG3VF
  
        
  
        ** Anglo American  AAL.L  rejected a raised takeover
offer of 34 billion pounds ($42.67 billion) from BHP Group
 BHP.AX , saying the world's largest listed miner "continues to
significantly undervalue" the company.  urn:newsml:reuters.com:*:nL4N3HG2RJ
  
        
  
        ** French insurer Axa  AXAF.PA  and Dutch bank ABN Amro
have picked BNP Paribas  BNPP.PA  as the buyer of their life
insurance joint venture Neuflize Vie, French daily Les Echos
reported.  urn:newsml:reuters.com:*:nL1N3HG1P9
  
        
  
        ** Hong Kong-listed real estate fund manager ESR Group
 1821.HK , currently valued at $5.4 billion, halted trading in
its shares, saying that a group of investors has proposed to
take it private.  urn:newsml:reuters.com:*:nL1N3HG08T
  
        
  
        ** Walgreens Boots Alliance  WBA.O  is in the process of
contacting potential buyers to sell its UK-based Boots drugstore
chain in a second attempt at separating the unit, Bloomberg News
reported, sending its shares up nearly 5%.  urn:newsml:reuters.com:*:nL4N3HG3I9
  
        
  
        ** 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.  urn:newsml:reuters.com:*:nL4N3HG2E5
    
    ** 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.  urn:newsml:reuters.com:*:nL1N3HB2Q2
    
    ** 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.  urn:newsml:reuters.com:*:nL4N3HG2BZ
    
    ** 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.  urn:newsml:reuters.com:*:nL4N3HG2DB
            
    ** 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).  urn:newsml:reuters.com:*:nL8N3HG0X6
    
    ** 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.  urn:newsml:reuters.com:*:nFWN3HE05D
    
    ** 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 acquisition of Hess Corp  HES.N .
 urn:newsml:reuters.com:*:nL1N3HG03E

 (Compiled by Rajarshi Roy, Abhinav Parmar and Anuja Bharat
Mistry in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))