Deals of the day-Mergers and acquisitions

Quidelortho

14/05/2024 21:13

(Adds: Paramount Global, QuidelOrtho, Repsol, Vodafone, BHP,
Epidemic Sound, Ferrovial, Fincantieri's; updates: Stellantis,
Anglo American)
       May 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 19:45 GMT on
Tuesday:

        ** Shares of Paramount Global  PARA.O  fell more than 7%
after CNBC reported, citing sources, that Sony Pictures  6758.T 
is rethinking its bid for the U.S. media company.  urn:newsml:reuters.com:*:nL4N3HH4D4
  
        
  
        ** Activist investor Jana Partners built a new stake in
U.S. diagnostics company QuidelOrtho  QDEL.O  during the first
quarter, sources familiar with the hedge fund's position told
Reuters.  urn:newsml:reuters.com:*:nL1N3HH02M
  
        
  
        ** Anglo American  AAL.L  laid out plans to refocus on
energy transition metal copper while spinning out or selling its
less profitable coal, nickel, diamond and platinum businesses,
as it moves to fend off BHP Group's $43 billion takeover offer.
 urn:newsml:reuters.com:*:nL4N3HH1FT
  
        
  
        ** Spanish oil company Repsol  REP.MC  is in
negotiations to sell a stake in its renewable energy unit, a
move to help fund its strategic plan through 2027, according to
four sources with knowledge of the talks.  urn:newsml:reuters.com:*:nL1N3HH232
  
        
  
        ** Vodafone  VOD.L  said it received approval from
Spanish authorities for the sale of its local unit to Zegona
Communications  ZEG.L  for 5 billion euros ($5.41 billion).
 urn:newsml:reuters.com:*:nL4N3HH3WR
  
        
  
        ** BHP  BHP.AX  Chief Executive Mike Henry said that
Anglo American  AAL.L  investors need to consider the merits of
his company's bid for its smaller London-listed rival, seeking
to drum up support for a proposal that has been rejected twice.
 urn:newsml:reuters.com:*:nL1N3HH1M1 
  
        
  
        ** Sweden's Epidemic Sound is in the early stages of
considering strategic options, including a stock market listing,
four people familiar with the matter told Reuters, as dealmaking
in the wider music industry heats up.  urn:newsml:reuters.com:*:nL8N3HG64Q
  
        
  
        ** Fincantieri's  FCT.MI  newly-acquired Underwater
Armament Systems submarine business has a "very positive"
outlook, the shipbuilder's chief executive Pierroberto Folgiero
said.  urn:newsml:reuters.com:*:nR1N3F101N
  
        
  
        ** Ferrovial could join its partner, Australian
financial group Macquarie, in the latter's potential sale of
stakes in three British airports in Aberdeen, Glasgow and
Southampton, the construction company's CFO Ernesto Lopez said.
 urn:newsml:reuters.com:*:nL8N3HH6I2
  
        
  
        ** Stellantis  STLAM.MI  is seeking the maximum
manufacturing flexibility to navigate potential customs duties
as it takes on China's budget electric vehicle (EV) players with
models from its own Chinese joint venture (JV) partner Leapmotor
 9863.HK .  urn:newsml:reuters.com:*:nL8N3HH2WL
  
        
  
        ** The possibility of buying smaller rival 2i Rete Gas
will allow Italgas  IG.MI  to consolidate its leadership in
Europe and get multiple benefits, the CEO of Italy's biggest gas
distributor said on Tuesday after reporting first-quarter
results.  urn:newsml:reuters.com:*:nL8N3HH1E9
    
    ** Uber  UBER.N  announced on Tuesday a $1.25 billion deal
to take over Delivery Hero  DHER.DE 's foodpanda business in
Taiwan and buy new shares in the German firm in a move that
would boost liquidity of the delivery specialist grappling with
rising competition in Asia.  urn:newsml:reuters.com:*:nL4N3HH0TQ
    
    ** Private equity firm KKR  KKR.N  will take UK's IQGeo
Group IQG.L private in a 316 million pounds ($396.04 million)
deal, the companies said on Tuesday, sending shares in the
geospatial software provider soaring 16%.  urn:newsml:reuters.com:*:nL4N3HH2IG
    
    ** The company behind Saudi Arabia's vast Qiddiya sports and
entertainment complex near Riyadh will take over entertainment
business SEVEN, in a bid to expedite the multi-billion dollar
project, sources told Reuters.  urn:newsml:reuters.com:*:nL1N3HH09D
    
    ** UK's competition watchdog said  it might accept Pennon
Group's  PNN.L  solutions to address its concerns over the water
utility's purchase of Sutton and East Surrey (SES) Water, paving
way for it to potentially clear the deal.  urn:newsml:reuters.com:*:nL4N3HH1PU
    
    ** Hong Kong-listed real estate fund manager ESR Group
 1821.HK , currently valued at $5.4 billion, halted trading in
its shares on Monday, saying that a group of investors has
proposed to take it private.  urn:newsml:reuters.com:*:nL1N3HG08T

 (Compiled by Rajarshi Roy, Abhinav Parmar and Anuja Bharat
Mistry in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))