Deals of the day-Mergers and acquisitions

Paramount Resources (Pre-Merger)

14/11/2024 21:43

(Updates Capri, Ovintiv; Adds Reliance, Aixigo, Paramount
Resources, Diligent, Evotec)
       Nov 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2130 GMT on
Thursday:
    
    ** German drugmaker Evotec  EVTG.DE  is attracting takeover
interest from U.S.-based Halozyme Therapeutics  HALO.O ,
Bloomberg News reported on Thursday.  urn:newsml:reuters.com:*:nL4N3ML1V3
    
    ** The private-equity owners of Diligent are weighing
strategic options, including a sale, that could value the
corporate-governance software maker at nearly $7 billion
including debt, according to people familiar with the matter.
 urn:newsml:reuters.com:*:nL1N3ML0VD
    
    ** Shale producer Ovintiv  OVV.N  said on Thursday it was
acquiring oil assets from Paramount Resources  POU.TO  for $2.38
billion in cash, expanding its presence in Canada's Montney
shale play.  urn:newsml:reuters.com:*:nL4N3ML13D
    
    ** Europe's biggest fund manager Amundi announced the
acquisition of German technology company Aixigo for 149 million
euros on Thursday.  urn:newsml:reuters.com:*:nFWN3ML0ZY
    
    ** Reliance Industries  RELI.NS  and Walt Disney  DIS.N  on
Thursday completed the $8.5 billion merger of their Indian media
assets, which have been split into three divisions, with each
unit having its own CEO. urn:newsml:reuters.com:*:nL4N3ML1FX

        ** 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 on Thursday, 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

    ** 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, Rishi Kant and Aishwarya Jain in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))