Deals of the day-Mergers and acquisitions

HANKOOK & COMPANY

03/05/2024 15:54

(Adds Novo Nordisk, Hankook Tire & Technology; updates Apollo Global
Management, Nordstrom, Pennon)
       May 3 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 1330 GMT on Friday:

        ** Sony Pictures Entertainment (SPE) and private equity firm Apollo
Global Management  APO.N  have made a $26 billion cash offer for movie group
Paramount Global  PARA.O , the Wall Street Journal reported.  urn:newsml:reuters.com:*:nL1N3H60GR
  
    
        ** Sycamore Partners is one of the buyout equity firms that have
expressed interest in taking U.S. department store operator Nordstrom  JWN.N 
private, according to people familiar with the matter.  urn:newsml:reuters.com:*:nL1N3H52OU
  

        ** The U.S. Federal Trade Commission has sought additional information
about a $16.5 billion deal by Novo Nordisk's  NOVOb.CO  parent to buy
manufacturing subcontractor Catalent  CTLT.N .  urn:newsml:reuters.com:*:nL4N3H66FU
  
        
  
        ** South Korea's Hankook Tire & Technology Co Ltd  161390.KS  has signed
a preliminary agreement to acquire a stake worth 1.7 trillion won ($1.25
billion) in Hanon Systems  018880.KS , it said, which would make it the majority
shareholder.  urn:newsml:reuters.com:*:nL4N3H65UA
  

        ** British water company Pennon  PNN.L  faces in-depth regulatory
investigation of its purchase of rival Sutton and East Surrey (SES) Water unless
it can address concerns raised by the competition watchdog.  urn:newsml:reuters.com:*:nL4N3H655C
  
    
    ** The UK's competition regulator launched an in-depth probe into Lindab's
 LIAB.ST  acquisition of British ventilation company HAS-Vent, after the Swedish
firm did not offer any undertaking following the watchdog's initial
investigation.  urn:newsml:reuters.com:*:nL4N3H6548
    
    ** Collapsed U.S. lender SVB Financial Group said on Thursday that an entity
affiliated with Pinegrove Capital Partners will acquire its venture capital
business, SVB Capital.  urn:newsml:reuters.com:*:nL4N3H63F8
    
    ** The U.S. Department of Justice is seeking more details and documentary
materials as part of an antitrust review of Nippon Steel's  5401.T  proposed $15
billion takeover of U.S. Steel, the American firm said on Thursday.  urn:newsml:reuters.com:*:nL4N3H5GLJ
    
    ** Namoi Cotton's  NAM.AX  second-largest shareholder Louis Dreyfus Company
(LDC) said it would not accept an A$136.6 million ($89.84 million) off-market
takeover bid from Singapore's Olam Agri Holdings  IPO-OLAA.SI  for the
Australian cotton producer.   urn:newsml:reuters.com:*:nL4N3H61HE
    
    ** U.S. investment management company Global Infrastructure Partners and
Canada's pension fund CPP Investments are nearing a deal to buy clean energy
company Allete  ALE.N , and a deal could be announced soon, a source familiar
with the matter told Reuters.  urn:newsml:reuters.com:*:nL4N3H609I
    
    ** U.S. regulators gave the go-ahead on Thursday to Exxon Mobil's  XOM.N 
$60 billion purchase of Pioneer Natural Resources  PXD.N , but barred Pioneer's
former CEO from Exxon's board on allegations he attempted to collude with OPEC
to raise oil prices.  urn:newsml:reuters.com:*:nL1N3H5183
    
    ** Pakistan will push back the deadline for companies to express interest in
buying national carrier Pakistan International Airlines  PIAa.PSX  to May 18,
the country's privatisation minister said on Thursday.  urn:newsml:reuters.com:*:nL1N3H531Z

 (Compiled by Rajarshi Roy, Pratyush Thakur in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))