Adds Union Pacific, Strathcona, LVMH, Air Liquide
Sept 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Friday:
** Union Pacific Corp UNP.N CEO Jim Vena met with U.S. President Donald Trump in the Oval Office to discuss the railroad's proposed $85 billion buyout of Norfolk Southern Corp NSC.N, the company said on Friday, as it awaits regulatory approval for what could be the U.S. freight rail industry's most significant consolidation in decades. nL2N3UZ0NY
** The executive chair of Canadian oil company Strathcona Resources SCR.TO told Reuters he is confident his newly sweetened offerto buy MEG Energy MEG.TO will be enough to clinch a heated bidding war, in which a key decision is expected by Monday. nL6N3UZ03Q
** French luxury giant LVMH LVMH.PA said on Friday said it was honored to be named as a potential partner in the will of designer Giorgio Armani, in which the designer revealed he favoured the gradual sale of his business empire to a larger peer. nL5N3UZ102
** Industrial gases giant Air Liquide AIRP.PA is exploring the sale of its biomethane assets, according to three sources with knowledge of the plan, as the French group focuses on its core business of gas supply to large industries and healthcare. [nL5N3UY0JB]
** London-listed venture capital investor BP Marsh has made an investment in XPT Producer Acquisition Co, a new vehicle designed to enable its U.S.-based investee company XPT Group to recruit and incubate new producers. nL6N3UZ0DI
** Tarsadia Capital wants Sunstone Hotel Investors SHO.N, which owns prominent properties from Massachusetts to Maui, to sell itself or liquidate its assets, according to a letter seen by Reuters. nL2N3UY0ZD
** Pinnacol Assurance's subsidiary EverPeak Insurance announced the acquisition of workers' compensation MGA Method Insurance, which the acquiring company said will complement an existing partnership model with EverPeak subsidiary Attune. nL6N3UZ0EM
** Private equity firm Warburg is exploring an acquisition of JTC JTC.L in a possible challenge to rival Permira's pursuit of the London-listed financial services firm, Bloomberg News reported, citing people familiar with the matter. nL3N3UZ0UD
** Microsoft MSFT.O and OpenAI said on Thursday they have signed a non-binding deal for new relationship terms that would allow OpenAI to proceed to restructure itself into a for-profit company, marking a new phase of the most high-profile partnerships to fund the ChatGPT frenzy. nL6N3UY0ZC
** Paramount Skydance PSKY.O is preparing a bid to buy Warner Bros Discovery WBD.O, a source familiar with the matter told Reuters on Thursday, potentially bringing together two storied Hollywood studios and reshaping the entertainment industry. nL3N3UY17C
** The liquidators of China Evergrande Group EV1.F have received non-binding indicative offers for the developer’s majority stake in its property management arm, and potential bidders will be invited to submit final offers as soon as November, a filing showed. nL3N3UY0XM
** Spanish bank Sabadell's board SABE.MC unanimously recommended its shareholders reject BBVA's BBVA.MC hostile takeover bid, a move that may add pressure on the rival to increase its offer. nL5N3UZ04L
** Carro, Southeast Asia's largest used-car online marketplace, is weighing a dual listing and plans to bulk up for it by expanding into Australia and pursuing two to three acquisitions as early as the next quarter, its CEO said. nL3N3UY0IX
** Late designer Giorgio Armani has instructed heirs to gradually sell the fashion brand he created 50 years ago or seek a stock market listing, his will said, marking a surprising turn for a company highly protective of its independence and Italian roots. nL6N3UZ0D2
(Reporting by Anuj T)
((Anuj.T@thomsonreuters.com;))
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