Deals of the day-Mergers and acquisitions
14/06/2023 17:44
(Adds: Safran SA, Vodafone Updates: NextDecade, Entain)
June 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Wednesday:
** Shares of NextDecade NEXT.O jumped more than 30% in
premarket trading after French energy major TotalEnergies
TTEF.PA said it would buy 17.5% of the U.S. liquefied natural
gas developer for $219 million urn:newsml:reuters.com:*:nL4N3862U6
** French aerospace engine maker Safran SA SAF.PA is
nearing an approximately $1.8 billion deal to acquire a Raytheon
Technologies Corp RTX.N unit that makes flight controls for
aircraft, helicopters and missiles, according to a person
familiar with the matter urn:newsml:reuters.com:*:nL8N386087
** Vodafone VOD.L and CK Hutchison 0001.HK finally
unveiled the 15 billion pound ($19 billion) merger of their
British mobile operations, saying the creation of a new market
leader would drive competition and investment in the
country urn:newsml:reuters.com:*:nL8N3862GE
** Shares of Ladbrokes owner Entain ENT.L fell to the
bottom of the London blue-chip index .FTSE after the company
announced it was buying Poland-based sports betting operator STS
Holdings STH1.WA urn:newsml:reuters.com:*:nL8N3861RS
** The Dutch competition regulator ACM said it had approved
insurer ASR's ASRNL.AS takeover of the Dutch operations of its
competitor Aegon AEGN.AS urn:newsml:reuters.com:*:nA5N37800K
** Zurich Insurance Group ZURN.S is in talks to buy up to
51% of India's Kotak General Insurance, two sources with direct
knowledge of the matter said, a deal that would mark its first
major bet on the fast-growing South Asian insurance
market urn:newsml:reuters.com:*:nL4N38434U
** Shares in Spanish pharmaceutical Grifols GRLS.MC soared
morning after it disclosed a plan to reduce its stake in
Shanghai RAAS 002252.SZ in a deal that would bring in $1.5
billion urn:newsml:reuters.com:*:nL8N3861KZ
** French business leaders Xavier Niel, Matthieu Pigasse and
Moez-Alexandre Zouari have expressed an interest in bidding up
to 1.1 billion euros ($1.2 billion) for Casino, potentially
offering an alternative lifeline for the indebted French
supermarket group urn:newsml:reuters.com:*:nL1N3860EA
** Belgian water management group Aliaxis BE0941243520.BR
said it had withdrawn its offer for Finland's Uponor
UPONOR.HE , leaving Switzerland's Georg Fischer GF.S (GF) as
the sole bidder urn:newsml:reuters.com:*:nL8N38614R
** A U.S. judge late on Tuesday granted the Federal Trade
Commission's (FTC) request to temporarily block Microsoft Corp's
MSFT.O acquisition of video game maker Activision Blizzard
ATVI.O and set a hearing next week urn:newsml:reuters.com:*:nL1N38600Q
** The asset management arm of Australian bank Macquarie
Group Limited MQG.AX has bought a majority stake in waste
management firm Coastal Waste & Recycling, the bank said on
Tuesday urn:newsml:reuters.com:*:nL1N3852UU
** Argentina's competition bureau has not yet received
formal notification of the merger between U.S. grains merchant
Bunge BG.N and Glencore-backed GLEN.L Viterra to create a
$34 billion agricultural trading giant, a government source
said urn:newsml:reuters.com:*:nL1N3852LS
(Compiled by Rajarshi Roy and Ananta Agarwal in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))