Deals of the day-Mergers and acquisitions

Informatica

22/04/2024 14:55

(Adds: Informatica, Kroger, CoStar Group, Vista Outdoor, Hengli
Petrochemical, Galp Energia, Shanghai Electric Power Company
Updates: Saudi Telecom Company, Permira)
       April 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Monday:

    ** Data-management software firm Informatica  INFA.N  is not
currently engaged in any discussions to be acquired, the company
said, after media reports of takeover interest from Salesforce
 CRM.N .
         urn:newsml:reuters.com:*:nL3N3GV312
  
        
  
    ** Kroger  KR.N  and Albertsons Cos  ACI.N  said that they
have amended their definitive agreement with C&S Wholesale
Grocers for the sale of assets in connection with their proposed
merger.
         urn:newsml:reuters.com:*:nL3N3GV2SD
  
        
  
        ** CoStar Group  CSGP.O  said it would buy 3D virtual
tour creator Matterport  MTTR.O  in a cash-and-stock deal valued
at $1.6 billion.
  
         urn:newsml:reuters.com:*:nL3N3GV2Y1
  
        
  
        ** Vista Outdoor  VSTO.N  said it was engaging in
discussions with investment firm MNC Capital for a better deal
than its all-cash offer to acquire the sporting and outdoor
products maker for $3 billion.
  
         urn:newsml:reuters.com:*:nL3N3GV2IE
  
        
  
        ** Saudi oil giant Aramco said it is in talks to acquire
a 10% stake in China's Hengli Petrochemical  600346.SS , a deal
which would further bolster Aramco's growing downstream presence
in China.
  
         urn:newsml:reuters.com:*:nL2N3GV0TP
  
        
  
        ** Portuguese oil company Galp Energia  GALP.LS  has
launched the sale of half of its stake in an exploration block
offshore Namibia where it has made a major oil discovery, three
industry sources familiar with the matter told Reuters.
  
         urn:newsml:reuters.com:*:nL2N3GV0LS
  
        
  
        ** Shanghai Electric Power Company  600021.SS  withdrew
its offer to acquire up to 66.4% of Pakistani power company
K-Electric, the manager of the offer said in a notice to the
Pakistan Stock Exchange.
  
         urn:newsml:reuters.com:*:nL2N3GV0MU
  
        
  
    ** Saudi Arabia's sovereign wealth fund PIF has agreed to
buy a 51% stake in Telecommunication Towers Company Ltd (TAWAL)
from STC Group  7010.SE , paving the way for the creation of the
region's largest telecom tower company, PIF and STC said.
     urn:newsml:reuters.com:*:nL2N3GV08D
    
    ** European investment company Permira has begun the process
for the sale of its 50% stake in Asian aquatic food provider
Grobest, targeting a valuation of about $1 billion for the
Taiwan-based company, said three sources close to the matter.
         urn:newsml:reuters.com:*:nL2N3GV0HO
  
    
    ** Portuguese oil company Galp Energia  GALP.LS  has
launched the sale of half of its stake in an exploration block
offshore Namibia where it has made a major oil discovery, three
industry sources familiar with the matter told Reuters.
     urn:newsml:reuters.com:*:nL5N3GV1SQ
    
    ** Korea's SK Square  402340.KS  is selling up to $198 mln
of Krafton Inc  259960.KS  in a block trade, according to a term
sheet seen by Reuters.
     urn:newsml:reuters.com:*:nL3N3GV1XO
    
    ** U.S.-based Quanex Building Products  NX.N  will buy doors
and windows supplier Tyman  TYMN.L  in a cash and share deal,
valuing the British firm at about 788 million pounds ($976
million), the companies said.
     urn:newsml:reuters.com:*:nL3N3GV171

    ** Blackstone  BX.N  made a potential offer to buy Hipgnosis
Songs Fund  SONG.L  for about $1.5 billion, outbidding
Apollo-backed Concord and triggering a takeover battle for the
owner ofmusic rights by artists including Shakira and Red Hot
Chili Peppers.
     urn:newsml:reuters.com:*:nL3N3GV169
    
    ** Business software maker Salesforce  CRM.N  has backed
away from its talks to acquire data-management software firm
Informatica  INFA.N  after the two companies could not agree on
terms, a person familiar with the matter told Reuters on Sunday.
     urn:newsml:reuters.com:*:nL2N3GU0IC
    
    ** Australian mineral sands miner Base Resources  BSE.AX 
said it had agreed to a A$375 million ($240.90 million) takeover
offer from U.S.-based uranium and rare earths producer Energy
Fuels  UUUU.A .
     urn:newsml:reuters.com:*:nL3N3GU0I1

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