Deals of the day-Mergers and acquisitions

Namoi Cotton

22/05/2024 14:43

(Adds: Biogen, Oaktree Capital Management  Updates: Anglo
American, Abu Dhabi National Oil Company)
       May 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Wednesday:
    
        ** Anglo American  AAL.L   rejected a takeover proposal
from BHP Group  BHP.AX  that valued the company at 29.34 pounds
per share.
  
         urn:newsml:reuters.com:*:nL4N3HP347
  

        ** Biogen  BIIB.O  said  it had agreed to buy privately
held Human Immunology Biosciences for up to $1.8 billion,
bulking up on rare disease medicines as its older multiple
sclerosis drugs face tepid demand due to rising competition.
  
         urn:newsml:reuters.com:*:nL4N3HP2OI
  
        
  
        ** U.S. investment fund Oaktree Capital Management is
not planning to sell Inter Milan immediately after it took
control of the Italian soccer club following a missed debt
payment, a source close to the matter said.
  
         urn:newsml:reuters.com:*:nL8N3HP3E3
  
        
  
        ** Abu Dhabi National Oil Company (ADNOC) has bought
Galp's  GALP.LS  10% stake in the Area 4 concession of the
multi-billion-dollar natural gas project in Mozambique's Rovuma
basin, its fourth international foray into gas.
  
         urn:newsml:reuters.com:*:nL1N3HP0D0
  

    ** Admiral Acquisition  ADMR.L  will buy North American
engineering and lab-testing services provider Acuren in a $1.85
billion deal, the blank-check company co-founded by dealmaker
Martin E. Franklin said.
     urn:newsml:reuters.com:*:nL4N3HP18Y
    
    ** Namoi Cotton  NAM.AX   asked shareholders to reject Dutch
commodity merchant Louis Dreyfus' A$138.6 million ($92.39
million) offer to take full control of the cotton ginning firm,
citing a better offer by Singapore's Olam Agri  IPO-OLAA.SI .
     urn:newsml:reuters.com:*:nL4N3HO4KE
    
    ** Uruguay's antitrust regulator blocked Mexican breadmaking
giant Bimbo's planned purchase of local breadmaker Pagnifique on
Tuesday, citing risks to market concentration if Bimbo were able
to carry out the deal.
     urn:newsml:reuters.com:*:nS0N3GP057    

 (Compiled by Rajarshi Roy and Jaiveer Shekhawat in Bengaluru)
 ((jaiveersingh.shekhawat@thomsonreuters.com;))