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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: CSN, Blackstone, SpaceX and Telecom Italia Updates: Salesforce

- The following bids, mergers, acquisitions and disposals were reported by 2020 GMT on Tuesday:

** A consortium led by Italy's Treasury remains committed to buying Telecom Italia TLIT.MI's submarine cable unit, the telecoms group said after a deadline to close the deal passed pending a required approval from US regulators. nL6N46611I

** SpaceX SPCX.O shareholders want to know when the rocket maker will merge with Tesla TSLA.O, bringing together two of Elon Musk's biggest companies in a union that investors have long speculated about. nL6N46612X

** Blackstone Inc BX.N and Warburg Pincus are exploring a sale of IntraFi that could value the financial technology company at more than $10 billion, according to people familiar with the matter. nL6N4651A1

** Brazilian steelmaker CSN CSNA3.SA continues to conduct a competitive process for the sale of its cement business, the company said in a securities filing. nS0N45E022

** Salesforce CRM.N is buying Braze BRZE.O in a deal valued at about $5.66 billion, bolstering its AI push with tools that let brands send personalized messages and respond to customer behavior in real time. nL6N4660T8

** Prudential Financial PRU.N said it would sell its Brazil and Mexico units to French insurance group CNP Assurances Group for $4.03 billion in cash as part of its ongoing push to simplify its business. nL4N4660PB

** Gulf Keystone Petroleum GKP.L said it would merge with Norway's ShaMaran Petroleum SNMS.OL in a $601 million all-share 50-50 deal, creating one of the largest producers in Iraq's oil-rich Kurdistan region. nL4N4660C2

** Italy's second-largest bank, UniCredit CRDI.MI, said it was bringing its domestic securities services unit back in-house, two decades after outsourcing the business to Societe Generale SOGN.PA. nL8N4660A4

** Italian engineering group Maire MTCM.MI said its Nextchem unit had signed binding agreements to buy Swedish MEAB AB and German MEAB GmbH for a maximum amount of €8 million ($9 million). nFWN4651G4

** Singapore's Keppel KPLM.SI said it would sell a 51% stake in K-Commercial, the entity that owns the Keppel South Central office building, to Keppel REIT KASA.SI for about S$611 million ($477.42 million). nL4N4651QE

** Tradeweb Markets TW.O said on Monday it will buy bond-trading platform Trumid for about $1.97 billion, as it seeks to expand its presence in US corporate bond markets. nL4N4651KL


(Compiled by Rajarshi Roy, Miraanta Lowrance and Varun Sahay in Bengaluru)

((Varun.sahay@thomsonreuters.com ))

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