Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds GL Group, Blackstone, BNP Paribas Cardif, Ridgeview, Paramount and Devon Energy
July 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:
** U.S. oil and gas producer Devon Energy DVN.N is weighing a potential sale of its Eagle Ford and Powder River shale assets that could fetch more than $4 billion, Bloomberg News reported, citing people familiar with the matter. nL4N43Q1L0
** Paramount Skydance PSKY.O has agreed to pause its $110 billion acquisition of Warner Bros. Discovery WBD.O until after a federal judge rules on states' challenge to the deal, according to court papers. nL6N43Q18D
** U.S. tech private equity firm Ridgeview offered to buy Britain's Pinewood Technologies PINE.L for 448 pence per share, the companies said, valuing the automotive service provider at £545 million ($726.10 million). nL4N43Q1IU
** BNP Paribas Cardif, the insurer of BNP Paribas Group BNPP.PA, said it had agreed to acquire a stake in IndiaFirst Life Insurance Company IDIF.BO from Warburg Pincus. nL1N43Q0U8
** Investment firms Blackstone BX.N and Donerail are among the final bidders to acquire MarineMax HZO.N, two people familiar with the matter said, as the recreational yacht retailer explores selling itself. nL1N43P1GH
** Azerbaijani privately owned energy company GL Group has acquired oil and gas assets in four producing fields in Texas and is now the full operator, the company said on Friday, in the first such deal for the former Soviet country. nL8N43Q1I4
** BP BP.L is in advanced talks to sell its solar business, Lightsource, to a consortium backed by Kuwait's sovereign wealth fund, the Financial Times reported on Friday, citing people familiar with the matter. nL4N43Q12W
** Commerzbank CBKG.DE Chairman Jens Weidmann on Friday invited UniCredit CRDI.MI to open talks over the terms of a merger, as the German lender dropped any remaining resistance to the unwanted Italian takeover and focused on extracting concessions. nL8N43Q0L4
** Dutch engineering consultancy group Arcadis ARDS.AS said on Friday it had received a second unsolicited takeover bid from Canadian peer WSP Global WSP.TO, confirming a Reuters report from Thursday. nL8N43Q0DO
** Allianz said on Friday it had agreed to acquire HSBC's life insurance business in Singapore for S$2.7 billion ($2.1 billion), further expanding the German insurance group’s operations in Asia nL6N43Q0HU
** Reckitt Benckiser RKT.L on Friday agreed to sell its Russian hygiene business to local consumer goods manufacturer Arnest Management, as the British company continues to reduce its presence in Russia. nL4N43Q0DZ
** HSBC 0005.HK, HSBA.L has agreed to sell its life and health insurance business in Singapore to Allianz ALVG.DE for S$2.7 billion ($2.1 billion), as it trims non-core operations and focuses on its Asian wealth and wholesale banking operations. nL4N43P2PN
** Boston-based Safety Insurance Group has agreed to be acquired by an affiliate of Mapfre in an all-cash transaction valued at approximately $1.54 billion. nL6N43P1G1
(Compiled by Rajarshi Roy, Neil J Kanatt and Varun Sahay in Bengaluru)