Deals of the day-Mergers and acquisitions

Namoi Cotton

07/05/2024 14:39

(Adds:  Future Pak, Shell,  Updates: BBVA)
       May 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** Privately held contract manufacture Future Pak said 
it will include contingent value rights as part of its buyout
offer of Vanda Pharmaceuticals  VNDA.O , in addition to its
proposed cash offer price of $7.25 to $7.75 per share for the
drugmaker.
  
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        ** Energy giant Shell is in talks with Saudi Arabia's
state-owned Saudi Aramco to sell its gas station business in
Malaysia, the second-largest such network in the country, four
industry sources aware of the discussions said, and a deal could
be worth up to $1 billion.
  
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        ** Spanish bank BBVA's  BBVA.MC  bid to rebalance its
business towards its home market has been set back after
Sabadell  SABE.MC  rejected its takeover offer, with analysts 
divided about whether BBVA would return with a better offer or
turn its attention elsewhere.
  
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    ** The Italian government and Lufthansa  LHAG.DE  have
submitted new proposals to the European Commission to try to
address EU regulatory concerns over the German airline's
purchase of a stake in Italy's ITA Airways.
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    ** Australia's Perpetual  PPT.AX  will be broken up, with
its name sold to global investment firm KKR & Co  KKR.N , in a
deal worth over A$1.5 billion ($990 million), the Australian
Financial Review reported.
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    ** RWE  RWEG.DE , Germany's biggest electricity producer, is
considering options for its minority stake in Amprion, one of
Germany's four high-voltage power transmission networks, the
company said, potentially paving the way for a sale.
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    ** The Philippines' largest telecommunications group PLDT
 TEL.PS  is in talks to sell up to 49% of its data centre
business to Japan's Nippon Telegraph and Telephone (NTT)
 9432.T , PLDT Chairman Manuel Pangilinan told Reuters.
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    ** Dutch global commodity merchant Louis Dreyfus Company
(LDC) has raised the ante on an international bidding war for
Australia's Namoi Cotton  NAM.AX  by sweetening its offer price
marginally above that of rival suitor Olam Agri  IPO-OLAA.SI .
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    ** Apple  AAPL.O  cofounder Steve Wozniak's space data
startup, Privateer, has raised $56.5 million and also acquired
the analytics firm Orbital Insight, a merger that will add
mapping and intelligence services to Privateer's space data
offerings, Privateer's CEO told Reuters.
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 (Compiled by Rajarshi Roy & Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))