Deals of the day-Mergers and acquisitions

Perpetual

08/05/2024 10:52

May 8 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Australia's PSC Insurance  PSI.AX  will be acquired by
Ardonagh Group in a deal valuing its equity at A$2.26 billion
($1.51 billion), PSC said, helping the UK-based insurance
distribution platform expand its footprint in the region.
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    ** The European Commission is due to rule on June 12 on
whether to approve the European Energy Exchange's (EEX) planned
acquisition of Nasdaq's  NDAQ.O  European power trading and
clearing business, according to a regulatory filing.
     urn:newsml:reuters.com:*:nL8N3HB3E0
    
    ** Japan's SoftBank Group  9984.T  is in talks to buy
artificial intelligence (AI) chipmaker Graphcore, Bloomberg News
reported, citing people familiar with the matter.
     urn:newsml:reuters.com:*:nL4N3HB2BR
        
    ** Spanish lender BBVA  BBVA.MC  has told Banco de Sabadell
 SABE.MC  it will not improve the all-share takeover offer it
has made for its smaller rival, Sabadell said in a filing to the
stock market regulator.
     urn:newsml:reuters.com:*:nL1N3HB0NF
    
    ** Olam Agri  IPO-OLAA.SI  increased its offer for
Australia's Namoi Cotton  NAM.AX  as an international bidding
war heats up between the Singapore-based agribusiness and Dutch
company Louis Dreyfus Co (LDC).
     urn:newsml:reuters.com:*:nL4N3HA6B8
    
    ** Perpetual  PPT.AX  said that buyout giant KKR & Co
 KKR.N  would acquire its wealth management and corporate trust
businesses for A$2.18 billion ($1.43 billion), sending the
Australian financial services firm's shares to a five-month low.
     urn:newsml:reuters.com:*:nL4N3HB09K
    
    ** Niagara Energy has wrapped up a $1.36 billion share
purchase in Enel Generacion Peru, giving the firm majority
control over the local subsidiary of Italian utility Enel.
     urn:newsml:reuters.com:*:nL1N3HB05G
    
    ** South Korea's Samsung Medison said it is acquiring all of
France's Sonio SAS, a fetal ultrasound artificial intelligence
software company for about 126 billion won ($92.4 million).
     urn:newsml:reuters.com:*:nP8N3FQ00S
    
    **  Leo Lithium  LLL.AX  has signed an agreement with
China's Ganfeng Lithium  002460.SZ  to sell its remaining 40%
stake in a mine in Mali for $342.7 million, the Australian miner
said.
     urn:newsml:reuters.com:*:nL4N3HA6ES
    
    ** Oil and gas producers Santos  STO.AX  and Repsol  REP.MC 
are exploring a sale of a minority stake in oilfields in Alaska
they jointly own and develop in a deal that could be worth about
$1 billion, according to people familiar with the matter.
     urn:newsml:reuters.com:*:nL1N3HA4AL

    ** Brazilian pulp and paper company Suzano  SUZB3.SA  has
approached U.S.-based International Paper  IP.N  to express
interest in an all-cash acquisition that would be worth almost
$15 billion, according to people familiar with the matter.
     urn:newsml:reuters.com:*:nL1N3HA41N

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