Deals of the day-Mergers and acquisitions

India Cements

29/07/2024 14:37

(Adds Hewlett Packard Enterprise, Sixth Street)
       July 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Monday:

        ** Hewlett Packard Enterprise (HPE)  HPE.N  is expected
to secure unconditional EU antitrust approval for its $14
billion acquisition of networking gear maker Juniper Networks
 JNPR.N , people familiar with the matter said.
  
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        ** Investment firm Sixth Street will acquire Enstar
 ESGR.O  for $5.1 billion, in a deal backed by former Treasury
Secretary Steven Mnuchin and billionaire J Christopher Flowers,
the insurer said.
  
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    ** Boss Energy  BOE.AX  has withdrawn an offer to buy Energy
Resources of Australia's  ERA.AX  Jabiluka uranium site in the
Northern Territory, after a federal government decision to not
renew the mine lease, the companies said.
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    ** Australia's Pacific Smiles  PSQ.AX  said it continues to
recommend shareholders to vote for the takeover offer from
National Dental Care (NDC) after rival bidder Genesis Capital
raised its bid to match NDC's A$303 million ($198.56
million)offer.
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    ** Vital Energy  VTLE.N  is closing in on an all-cash deal
to acquire private equity-owned Point Energy Partners for $1.1
billion, people familiar with the matter said, a move that would
extend a wave of consolidation in the U.S. oil and gas industry.
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    ** UltraTech Cement  ULTC.NS , India's number one cement
maker, said its board approved a $472 million deal to gain
control of India Cements  ICMN.NS , which will bolster its
position in the country's southern states.
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 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Harshitamary.varghese@thomsonreuters.com))