Deals of the day-Mergers and acquisitions

Panasonic Holdings

17/11/2023 14:42

(Adds: Barclays, Manchester United, Eli Lilly, Iberdrola)
       Nov 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Friday:

        ** Barclays  BARC.L  has been exploring a potential
acquisition of Tesco's  TSCO.L  banking operations, two people
familiar with the matter told Reuters.
  
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    Full Story
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        ** Manchester United's  MANU.N  American owners, the
Glazer family, are set to finalise a $33 per share deal with Jim
Ratcliffe that will see the British billionaire acquire a 25%
stake in the English soccer club, Sky News reported.
  
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    ]
  
    
        ** Eli Lilly  LLY.N  extended the deadline for Point
Biopharma Global  PNT.O  shareholders by about two weeks to Dec.
1 to sell their stock, due to low participation.
  
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    Full Story
    ]
  

        ** Spanish utility Iberdrola is planning to make an
offer for Electricity North West (ENWL) that could value the
British power distribution network at a maximum of 3.5 billion
pounds ($4.34 billion), two sources familiar with the matter
said.
  
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    ]
  
    
    ** Japan's Panasonic Holdings  6752.T  said it plans to sell
a stake in its automotive systems business to funds managed by
U.S. private equity firm Apollo Global Management and has signed
a memorandum of understanding with an Apollo affiliate.
    [Full Story]
    
    ** Norway's competition watchdog warned it may block
Norwegian Air's  NAS.OL  bid for domestic rival Wideroe as it
could lead to fewer and more expensive flights.
    [Full Story]
    
    ** Italy's defence and aerospace conglomerate Leonardo
 LDOF.MI  said it had sold 6.9% of its U.S. subsidiary DRS
 DRS.O  at $17.75 per share.
    [Full Story]
    
    ** Greece's bank bailout fund HFSF has sold a 22% stake in
National Bank, it said.
    [Full Story]
        
    ** Origin Energy shareholder VanEck Australia will support
the $10.5 billion bid from Canada's Brookfield and EIG,
according to a senior executive, one of only a handful of funds
to reveal their hand ahead of the shareholder vote next
Thursday.
    [Full Story]
    
    ** Egypt has sold a stake in tobacco products maker Eastern
Co  EAST.CA  in its first foreign sale of a major state asset
since it agreed to a privatisation programme with the IMF last
December.
    [Full Story]

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