Deals of the day-Mergers and acquisitions

RHI Magnesita

01/04/2024 14:39

(Adds: Kimmeridge Energy Management, RHI Magnesita, Discover
Financial Services    Updates:)
       April 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Monday:

        ** Kimmeridge Energy Management said  it remained ready
to engage with SilverBow Resources  SBOW.N  over its takeover
bid, days after the U.S. oil and gas producer rejected the
latest offer that valued it at $2.1 billion including debt.
  
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        ** Vienna-based fireproof materials maker RHI Magnesita
 RHIM.VI  plans to buy Resco Group, a U.S.-based producer of
alumina and refractories for an enterprise value of up to $430
million, the companies said.
  
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        ** Discover Financial Services  DFS.N  or Capital One
Financial  COF.N  will pay a termination fee of $1.38 billion if
the merger of the firms falls through under certain
circumstances, a regulatory filing showed on Thursday.
  
         urn:newsml:reuters.com:*:nL3N3F74UE
  
        
  
        ** Formula One's U.S.-based owner Liberty Media have
announced a takeover of MotoGP's parent company Dorna, valuing
the world's leading motorcycle racing championship at 4.2
billion euros ($4.53 billion), MotoGP said in a statement.
  
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    ** Russian lender Sovcombank  SVCB.MM   said it had received
regulatory approval to acquire Home Bank, a leader in commodity
lending.
     urn:newsml:reuters.com:*:nR4N3FY02N
    
    ** Singapore's competition watchdog had looked into the
likelihood of the now-collapsed talks between Grab Holdings
 GRAB.O  and Delivery Hero  DHER.DE  raising worries about
competition in the food delivery market, the regulator said .
     urn:newsml:reuters.com:*:nL3N3GA0S8
    
    ** Nippon Steel  5401.T  intends to pursue its proposed
acquisition of U.S. Steel  X.N  and wants its "deep roots" in
the United States to be recognised, its new president said -
remarks that come after U.S. President Joe Biden expressed
opposition to the deal.
     urn:newsml:reuters.com:*:nL5N3G708I

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))