Deals of the day-Mergers and acquisitions

Liberty Broadband

13/11/2024 21:00

(Adds Frontier Communications, Maire, Coterra Energy, Catalent,
Banco BPM, Bank of America)
       Nov 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on
Wednesday:
    
    ** Bank of America CEO Brian Moynihan said on Wednesday that
the company's investment banking unit sees a strong pipeline of
upcoming mergers and acquisitions.  urn:newsml:reuters.com:*:nS0N3LZ05O
    
    **  Italy's Banco BPM  BAMI.MI  called an extraordinary
board meeting on Wednesday to discuss a possible investment in
Monte dei Paschi di Siena  BMPS.MI , a source told Reuters.
 urn:newsml:reuters.com:*:nS8N3LR0MM
    
    ** EU antitrust regulators have asked pharma rivals and
customers for feedback in four business areas in light of Novo
Holdings' planned $16.5 billion takeover of Catalent  CTLT.N ,
people familiar with the matter said.  urn:newsml:reuters.com:*:nL8N3MK2CZ
    
    ** Coterra Energy  CTRA.N  said on Wednesday it would buy
assets from privately held Avant Natural Resources and Franklin
Mountain Energy for a combined $3.95 billion in two separate
deals, as the U.S. oil and gas producer aims to expand in the
prolific Permian Basin.  urn:newsml:reuters.com:*:nL4N3MK131
    
    ** Italy's Maire  MTCM.MI  said on Wednesday that Yousef Al
Nowais had bought a 5% stake in Nextchem, valuing the
engineering company's subsidiary at 1.25 billion euros ($1.33
billion).  urn:newsml:reuters.com:*:nL8N3MK1VO
    
    ** Frontier Communications  FYBR.O  shareholders have
approved a $9.6 billion sale to Verizon  VZ.N , the company said
on Wednesday, even as a number of large investors sought to get
a higher price. urn:newsml:reuters.com:*:nL4N3MK1KK

        ** Cable operator Charter Communications  CHTR.O  has
agreed to buy Liberty Broadband  LBRDA.O  in an all-stock deal,
the companies said.  urn:newsml:reuters.com:*:nL4N3MK177
    
    ** Europe's biggest meal delivery firm Just Eat Takeaway
 TKWY.AS  said it had agreed to sell its U.S. unit, Grubhub, to
Wonder at a steep loss to the billions it paid a few years ago,
ending a years-long search for a buyer and boosting its shares.
 urn:newsml:reuters.com:*:nL1N3MK07H
    
    ** Japan's Seven & i Holdings  3382.T  has received a buyout
proposal from a member of its founding Ito family, it said, a
potential $58 billion white-knight bid as it weighs a rival
offer from Canada's Alimentation Couche-Tard  ATD.TO .
 urn:newsml:reuters.com:*:nL4N3MK09P

    ** Japan's Mizuho Financial Group  8411.T  will take a 15%
stake in Rakuten Group  4755.T  subsidiary Rakuten Card for 165
billion yen ($1.06 billion) in a further deepening of the two
companies' strategic alliance, they said.  urn:newsml:reuters.com:*:nL4N3MK0IJ

    ** Satellite TV provider DirecTV said on Tuesday it will
abandon its planned acquisition of EchoStar's  SATS.O  satellite
television business that includes Dish TV by Nov. 22 if
bondholders don't agree to a debt exchange.  urn:newsml:reuters.com:*:nL4N3MK07H

 (Compiled by Rajarshi Roy, Rishi Kant and Aishwarya Jain in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))