Deals of the day-Mergers and acquisitions
02/05/2024 17:16
(Adds: Novartis, Janus Henderson Updates: Exxon Mobil.
Raiffeisen Bank International)
May 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on
Thursday:
** The Federal Trade Commission signaled it was prepared
to green light Exxon Mobil XOM.N 's $60 billion purchase of
Pioneer Natural Resources PXD.N on the condition Pioneer's
former CEO will not be allowed to join Exxon's board.
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** Raiffeisen Bank International (RBI) RBIV.VI could
walk away from plans to buy a stake in a construction firm
linked to a Russian tycoon if there is a risk of sanctions
breaches, the CEO of the biggest Western bank in Russia said.
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** Novartis NOVN.S agreed to acquire U.S.
radiopharmaceutical company Mariana Oncology for $1 billion
upfront, boosting its portfolio of precision cancer treatments
in development, the Swiss drug manufacturer said.
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** Global asset manager Janus Henderson plans to buy
National Bank of Kuwait's alternative investments business in a
deal that is expected to strengthen its position in emerging
markets and its access to clients in the Middle East.
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** An international bidding war has deepened for Australia's
Namoi Cotton NAM.AX with Singapore's Olam Agri Holdings
IPO-OLAA.SI lobbing an A$136.6 million ($89.13 million)
takeover offer that trumps a Dutch-led bid made this week.
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** Shares in Spain's Sabadell SABE.MC jumped around 8% in
early trading after it received a merger proposal from its
bigger rival BBVA BBVA.MC .
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** Britain's Co-Op Bank said talks for its takeover by
Coventry Building Society were "well advanced" and its
multi-year revamp was now materially complete, after reporting
first quarter financial performance in line with expectations.
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** Abu Dhabi-based Emirates Telecommunications (e&)
EAND.AD said it has not entered into any negotiation or
agreement to acquire European cable and pay TV operator United
Group, following media reports of a potential bid.
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** Swiss telecoms group Swisscom SCMN.S said its takeover
of Vodafone Italia is on track and expected to be completed in
the first quarter of 2025.
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(Compiled by Rajarshi Roy, Pratyush Thakur in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))