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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** Japan's biggest oil and gas explorer, Inpex 1605.T said it had exercised its pre-emptive rights to buy a 0.735% stake in its Ichthys liquefied natural gas project in Australia from JERA, blocking a deal agreed with MidOcean Energy.

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** Swedish private equity firm EQT EQTAB.ST is preparing to sell its controlling stake in Spanish theme park operator Parques Reunidos, newspaper Expansion reported, citing unnamed market sources.

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** Britain's Genel Energy GENL.L outbid rival DNO DNO.OL for Capricorn Energy CNE.L, raising its cash offer to $436 million and potentially ending a months-long bidding war that has seen Capricorn's board switch allegiances twice.

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** MGM Resorts International MGM.N is discussing making a bid to purchase Barry Diller’s People Inc PPLI.O, the Wall Street Journal reported on Thursday, a day after People Inc withdrew its proposal to buy MGM Resorts.

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** RedBird Capital Partners has agreed to acquire a majority stake in Puck in a deal valuing the five-year-old newsletter startup at about $250 million, according to a memo seen by Reuters on Thursday.

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** Italian engineering company Trevi Finanziaria Industriale TFI.MI said on Thursday its board deemed unfair the price proposed by larger rival Webuild WBD.MI to buy the company, saying it did not adequately reflect Trevi's value.

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(Compiled by Rajarshi Roy and Miraanta Lowrance in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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