Deals of the day-Mergers and acquisitions

Hashicorp

25/04/2024 11:01

April 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:

    ** Shares of Hipgnosis Songs Fund  SONG.L  climbed  after
Apollo-backed Concord outbid a proposal by private equity giant
Blackstone  BX.N , launching a bidding war for the owner of
music rights of artists, including Shakira and Blondie.
     urn:newsml:reuters.com:*:nL3N3GY22C
    
    ** Saudi Arabia's STC Group  7010.SE  and sovereign fund PIF
may bid for the Austrian unit of Spanish mobile phone tower
operator Cellnex  CLNX.MC , El Economista newspaper reported on
Wednesday evening citing unidentified industry sources.
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    ** Norges Bank Investment Management (NBIM) said  it had
signed an agreement to buy a 49% stake in a 644 megawatt
portfolio of Spanish solar plants from Iberdrola  IBE.MC  for
203 million euros ($217.5 million).
     urn:newsml:reuters.com:*:nFWN3GY0OK
    
    ** BHP Group  BHP.AX  said  it had made a $38.8 billion bid
for Anglo American  AAL.L , proposing a deal that would create
the world's biggest copper miner and sending its smaller rival's
shares sharply higher.
     urn:newsml:reuters.com:*:nL3N3GX5C9
    
    ** Japanese chip material maker Shin-Etsu Chemical  4063.T 
said  it will launch a tender offer for Mimasu Semiconductor
Industry's  8155.T  shares in a 86 billion yen ($553 million)
deal.
     urn:newsml:reuters.com:*:nL3N3GY1F5
    
    ** A consortium of Hong Kong's CK Infrastructure  1038.HK ,
CK Asset  1113.HK , and Power Assets  0006.HK  will acquire a
Northern Ireland gas distribution network operator, Phoenix
Energy, for an enterprise value of about HK$7.4 billion ($945.3
million).
     urn:newsml:reuters.com:*:nL3N3GY0PY
    
    ** Malaysian conglomerate Axiata Group  AXIA.KL  and
Indonesian group PT Sinar Mas are going ahead with plans to
merge their telecom operations in Indonesia to create a $3.5
billion entity, Bloomberg News reported, citing people familiar
with the matter.
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    ** Laboratory service provider Labcorp  LH.N  said on
Wednesday it will acquire Softbank-backed  9434.T  Invitae
Corp's  NVTAQ.PK  assets auctioned through a voluntary
bankruptcy protection process, a few months after the genetic
test maker filed for bankruptcy.
     urn:newsml:reuters.com:*:nL3N3GY0DG
    
    ** Hess Corp  HES.N  on Wednesday said its board has set
April 12 as the record date for the determination of the
stockholders entitled to vote on the proposed merger with
Chevron Corp  CVX.N .
     urn:newsml:reuters.com:*:nL2N3GX3O7
    
    ** Blackstone  BX.N  has agreed to buy Tropical Smoothie
Cafe, the private equity firm said on Wednesday, in a deal that
a source said valued the restaurant chain at $2 billion.
     urn:newsml:reuters.com:*:nL3N3GX4U9
    
    **  International Business Machines  IBM.N  will buy
HashiCorp  HCP.O  in a deal valued at $6.4 billion, the company
said on Wednesday, expanding its cloud-based software products
to tap into an AI-powered boom in demand.
     urn:newsml:reuters.com:*:nL3N3GX4YZ

 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))