Deals of the day-Mergers and acquisitions

Paramount Resources (Pre-Merger)

14/11/2024 14:48

(Adds: Tapestry, General Mills Updates: Ovintiv)
       Nov 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:

        ** Tapestry  TPR.N  is terminating its $8.5 billion deal
to buy Michael Kors owner Capri  CPRI.N  following a legal
hurdle, the companies said, ending their effort to create a U.S.
luxury giant to compete with major European players.
  
         urn:newsml:reuters.com:*:nL4N3ML15P
  
    
        ** General Mills  GIS.N  said it would buy Whitebridge
Pet Brands' North American premium cat feeding and pet treating
business in a transaction valued at $1.45 billion to broaden its
portfolio and strengthen its pet food business.
  
         urn:newsml:reuters.com:*:nL4N3ML17U
  

        ** Shale producer Ovintiv  OVV.N  announced a
$2.38-billion all-cash acquisition of oil assets from Paramount
Resources  POU.TO , expanding its presence in Canada's Montney
shale play.
  
         urn:newsml:reuters.com:*:nL4N3ML13D 
  

    ** Blackstone has dropped plans to acquire a majority stake
in the snacks business of India's Haldiram's but is now
discussing purchase of a 20% stake at a valuation of $8 billion,
which is still a sticking point, sources told Reuters.
 urn:newsml:reuters.com:*:nL4N3ML0QW

    ** China's Geely said its premium electric vehicle maker
Zeekr  ZK.N  plans to take control of Lynk & Co, a sister brand
- the first big restructuring move in a planned overhaul for the
sprawling automotive group.  urn:newsml:reuters.com:*:nL1N3ML0B1

    ** Delfin, the holding of Italy's Del Vecchio family, bought
a 3.5% stake in bailed-out bank Monte dei Paschi  BMPS.MI , a
source with knowledge of the matter said.  urn:newsml:reuters.com:*:nS8N3LR0MO

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