Deals of the day-Mergers and acquisitions

Namoi Cotton

22/05/2024 20:37

(Adds Hargreaves Lansdown, Lagardere, SocGen, European Energy
Exchange; updates Anglo American)
       May 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1930 GMT on
Wednesday:
    
    ** A consortium comprising CVC Advisers and the Abu Dhabi
Investment Authority said it was considering a possible revised
offer for Hargreaves Lansdown  HRGV.L  after the British
investment platform's board rejected a buyout proposal it had
made in April.  urn:newsml:reuters.com:*:nL4N3HP3TJ
        
  
        ** French media and business conglomerate Lagardere
 LAGA.PA  said it is moving closer to a sale of its Paris Match
magazine to luxury goods giant LVMH  LVMH.PA , on an enterprise
value price tag of 120 million euros ($130 million).
 urn:newsml:reuters.com:*:nL1N3HP1VZ
  
        
  
        ** Cross-border mergers between European banks are
structurally unlikely, Societe Generale  SOGN.PA  CEO Slawomir
Krupa said, a week after French President Emmanuel Macron called
for greater consolidation in the sector.  urn:newsml:reuters.com:*:nL8N3HP59K
  
        
  
        ** EU antitrust regulators are seeking feedback on
whether the European Energy Exchange (EEX) might expand its
market power by bundling products when it buys Nasdaq's European
power trading and clearing business, a person with direct
knowledge of the matter said.  urn:newsml:reuters.com:*:nL1N3HP1OI
  
        
  
    ** Anglo American  AAL.L  has agreed to a one-week extension
for BHP Group  BHP.AX  to make a binding takeover offer, it
said, after rejecting a third proposal from its rival that
valued it at 38.6 billion pounds ($49.18 billion).  urn:newsml:reuters.com:*:nL4N3HP357

    ** 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;))