Deals of the day-Mergers and acquisitions

Matador Resources

12/06/2024 14:44

(Adds Bitfarms, updates Matador Resources)
       June 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Wednesday:
 
        ** U.S. oil and gas producer Matador Resources  MTDR.N 
said it would add oil and natural gas producing assets and
undeveloped acreage in the Delaware basin in an about $1.91
billion cash deal for a unit of Ameredev II Parent  urn:newsml:reuters.com:*:nL4N3IA0QP
  
    
    ** SPAR Group  SPPJ.J , South Africa's second-biggest
grocery group, has found a buyer for its loss-making Polish
business and expects cost savings and IT system enhancements
will improve profitability going forward, it said on Wednesday
 urn:newsml:reuters.com:*:nL1N3IA04F
    
    ** Riot Platforms  RIOT.O  said Bitfarms' move to adopt a
poison pill  BITF.O  to thwart its acquisition by the bitcoin
miner was "shareholder unfriendly" and highlighted the lack of
solid corporate governance standards.  urn:newsml:reuters.com:*:nL4N3IA0S6
    
    ** German technology group Robert Bosch  ROBG.UL  is open to
public listings of certain divisions as it explores financing
options for acquisitions, although not as a group or in its core
business as an auto supplier, the company chief executive said
 urn:newsml:reuters.com:*:nL8N3IA0F3

    ** Italian energy company Eni  ENI.MI  said it had completed
the sale of 10% of the share capital of oilfield group Saipem
 SPMI.MI  at 1.970 euros per share for a total value of 393
million euros ($421.96 million) urn:newsml:reuters.com:*:nL1N3IA042
    
    ** Media heiress Shari Redstone abruptly ended talks with
David Ellison's Skydance Media on Tuesday, killing the potential
sale of a controlling stake in Paramount Global  PARA.O  to the
independent studio, sources familiar with the negotiations
said urn:newsml:reuters.com:*:nL4N3I91KH
    
    ** National Bank of Canada  NA.TO  said on Tuesday it would
buy Alberta-based rival Canadian Western Bank  CWB.TO  in a C$5
billion ($3.63 billion) deal combining the country's sixth- and
eighth-largest lenders respectively and giving the Quebec-based
bank coast-to-coast exposure urn:newsml:reuters.com:*:nL4N3I91N2
    
    ** Debt-laden French tech group Atos  ATOS.PA  said on
Tuesday it has entered exclusive negotiations for selling its
Worldgrid unit for an enterprise value of 270 million euros
($289.93 million) to engineering consulting group Alten
 LTEN.PA  urn:newsml:reuters.com:*:nL4N3I91NP
    
    ** The family behind Badia Spices is exploring a sale of the
Hispanic food company that could value it at over $1.2 billion,
including debt, according to sources familiar with the
matter urn:newsml:reuters.com:*:nL1N3I4244

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