Deals of the day-Mergers and acquisitions

Great Eastern Holdings

10/05/2024 11:00

May 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:
  
    ** Sabadell  SABE.MC  CEO César González-Bueno was in London
on Thursday meeting with analysts to champion his bank's success
when news landed that rival BBVA  BBVA.MC  was going hostile
with its 12.23 billion-euro ($13.2 billion) takeover offer.
     urn:newsml:reuters.com:*:nL1N3HC2ME
    
    ** Mining giant Rio Tinto  RIO.AX  had considered an offer
for British miner Anglo American  AAL.L , which is now BHP
Group's  BHP.AX  $39 billion takeover target, the Australian
Financial Review reported .
     urn:newsml:reuters.com:*:nL4N3HD0NP
    
    ** Abu Dhabi sovereign investor Mubadala Capital's $3
billion bid for New York-based Fortress Investment Group has
cleared a significant U.S. regulatory hurdle after the parties
agreed to important concessions, the Financial Times reported .
     urn:newsml:reuters.com:*:nL4N3HD0UQ
    
    **  Singapore's second-largest bank Oversea-Chinese Banking
Corp (OCBC)  OCBC.SI  posted  a better-than-expected 5% rise in
first-quarter profit and made a S$1.4 billion ($1.04 billion)
offer to take its insurer arm Great Eastern  GELA.SI  private.
     urn:newsml:reuters.com:*:nL1N3HC3N8
        
    ** A federal judge on Thursday indicated a willingness to
compel Elon Musk to testify again in the U.S. Securities and
Exchange Commission's investigation into his $44 billion
takeover of Twitter.
     urn:newsml:reuters.com:*:nL4N3HC4MJ

 (Compiled by Rajarshi Roy & Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))