Deals of the day-Mergers and acquisitions

Philip Morris CR as

04/10/2022 11:01

(Adds Twitter, DXC, Infinigate, Anima, Phillip Morris; updates
EDF, HSBC, Zee-Sony)
       Oct 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Tuesday:
        ** Billionaire Elon Musk is proposing to go ahead with
his original offer of $44 billion to take Twitter Inc  TWTR.N 
private, a securities filing showed, signaling an end to a legal
battle that could have forced Musk to pay up.  urn:newsml:reuters.com:*:nL4N3152J0
  
    ** DXC Technology  DXC.N  said it had been approached by a
financial sponsor regarding a potential takeover of the IT
management company, without disclosing further details.
 urn:newsml:reuters.com:*:nL4N3152OP
    ** Cybersecurity company Infinigate Group said it was
merging with Dubai-based cybersecurity and cloud firm Starlink
to create a company with estimated annual revenues of about $2.2
billion.  urn:newsml:reuters.com:*:nL4N3152BU
    ** Philip Morris  PM.N  is set to win unconditional EU
antitrust approval for its $16 billion bid for tobacco and
nicotine products maker Swedish Match  SWMA.ST , people close to
the matter said.  urn:newsml:reuters.com:*:nL1N3151JT
        ** HSBC  HSBA.L  is working with JPMorgan Chase & Co
 JPM.N  as the UK lender reviews its Canada business for a
potential sale, a source familiar with the matter told
Reuters. urn:newsml:reuters.com:*:nL1N31520Y
  
    ** India's competition regulator approved a merger between
the Indian unit of Japan's Sony  6758.T  and Zee Entertainment
Enterprises  ZEE.NS  that will create a $10-billion TV behemoth,
but with certain conditions.  urn:newsml:reuters.com:*:nL1N3150VF
    ** Italy favours keeping Anima Holding  ANIM.MI  in domestic
hands and could raise the stake in the country's biggest
independent asset manager it holds through the national post
office Poste Italiane  PST.MI , two people close to the matter
said.  urn:newsml:reuters.com:*:nL8N3130JE
        ** France started the process to fully nationalise
debt-laden nuclear power group EDF  EDF.PA , seeking to secure
greater control of its energy supplies as Europe scrambles to
replace Russian gas.  urn:newsml:reuters.com:*:nL8N3154L2
  
    ** Polish refiner PKN Orlen  PKN.WA  expects its merger with
Polish gas firm PGNiG  PGN.WA  to take place within weeks, Chief
Executive Daniel Obajtek said .  urn:newsml:reuters.com:*:nS8N2ZV0AH
    ** British telecom group Vodafone  VOD.L  has picked
investment bank Evercore  EVR.N  to sell a stake in its fixed
network in Spain, newspaper Cinco Dias reported, citing
unidentified market sources with knowledge of the process.
 urn:newsml:reuters.com:*:nL8N3151KJ
    ** British online furniture retailer Made.com  MADE.L  said
it has started talks with a number of interested parties for a
potential sale of the company, with bids expected by the middle
of the month.  urn:newsml:reuters.com:*:nL4N31514G
    ** South Korean e-commerce company Naver Corp  035420.KS 
announced a $1.2 billion purchase of U.S. fashion resale
platform Poshmark Inc  POSH.O  but investors questioned the
timing of its biggest acquisition amid a slowing economy and
sent its shares tumbling.  urn:newsml:reuters.com:*:nL1N3142XK
    ** Japanese trading company Marubeni Corp  8002.T  said it
had so far received $3 billion from the sale of U.S. unit
Gavilon's grain business to commodities trader Glencore Plc's
 GLEN.L  Viterra arm.  urn:newsml:reuters.com:*:nL4N3150OE
 (Compiled by Rajarshi Roy, Chavi Mehta and Bhanvi Satija in
Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))