Deals of the day-Mergers and acquisitions

Great Eastern Holdings

10/05/2024 14:37

(Adds: IAG, United Bankshares  Updates: Mubadala Capital)
       May 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:
  
        ** British Airways owner IAG  ICAG.L  said it is in
talks with other airlines about ceding routes in order to
address EU regulators' concerns that its bid for Air Europa may
reduce competition and lead to price increases.
  
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        ** United Bankshares  UBSI.O  has agreed to buy smaller
rival Piedmont Bancorp in a deal valued at about $267 million,
the lenders said, amid growing consolidation in the U.S.
regional banking industry.
  
         urn:newsml:reuters.com:*:nL4N3HD2XM
  
        
  
        ** 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
  
    
    ** 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.
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    ** 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 .
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    **  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.
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 (Compiled by Rajarshi Roy & Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))