Deals of the day-Mergers and acquisitions

Momentive Global

03/01/2022 14:30

(Adds Warner Music Group, Bayer AG and Zendesk Inc)
    Jan 3 (Reuters) - The following bids, mergers, acquisitions
and disposals were 
reported by 2100 GMT on Monday:
    
    ** Activist investor Jana Partners is increasing pressure on
customer service platform Zendesk  ZEN.N  to drop plans to buy
Momentive Global  MNTV.O , the parent of SurveyMonkey, arguing
the deal is too expensive and that shareholders oppose it.
     urn:newsml:reuters.com:*:nL1N2TJ133
    
    ** Investors are set to demand around 2.2 billion euros
($2.5 billion) from Bayer  BAYGn.DE  as part of a possible class
action lawsuit in Germany over the takeover of U.S. seed
manufacturer Monsanto, WirtschaftsWoche reported on Monday.
     urn:newsml:reuters.com:*:nL8N2TJ2YM
    
    ** Warner Music Group's  WMG.O  publishing unit has bought
late British rock star David Bowie's entire catalog spanning six
decades, including hits such as "Heroes" and "Let's Dance."
     urn:newsml:reuters.com:*:nL4N2TJ1EE

    ** Brazilian oil company Enauta Participacoes SA  ENAT3.SA 
said it will no longer sell its stake in the Manati oilfield,
adding that conditions for the conclusion of a previously
announced deal with Gas Bridge SA have not been met.
     urn:newsml:reuters.com:*:nS0N2SV01B
    
    ** Zurich Insurance  ZURN.S  will release about $1.2 billion
of capital by selling its Italian life and pensions back book to
Portuguese insurer GamaLife, the Swiss company said.
     urn:newsml:reuters.com:*:nL8N2TJ0PL
    
    ** French infrastructure company Antin  ANTIN.PA  plans to
put Spanish optic fibre network Lyntia up for sale in
mid-January, newspaper Expansion reported, citing unidentified
market sources.
     urn:newsml:reuters.com:*:nL1N2TJ093
    
    ** UAE-based conglomerate Alpha Dhabi  ALPHADHABI.AD  said 
it has increased its stake in Abu Dhabi developer Aldar
Properties  ALDAR.AD  to 29.8% after acquiring an additional
17%.
     urn:newsml:reuters.com:*:nL1N2TJ07G
    
    ** Brazilian hospital chain Kora Saude  KRSA3.SA  has
acquired smaller rival Hospital Sao Francisco for 330 million
reais ($59.24 million), a securities filing showed.  urn:newsml:reuters.com:*:nL1N2TJ0DG

 (Compiled by Rajarshi Roy, Oishee Majumdar and Ananya Mariam
Rajesh in Bengaluru)
 ((oishee.majumdar@thomsonreuters.com))