Deals of the day-Mergers and acquisitions

Scentre

24/08/2026 10:57

Aug 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:
     
** Oil major Shell SHEL.L has drawn interest from potential bidders, including ExxonMobil XOM.N and LyondellBasell LYB.N, for its U.S. chemical assets that could fetch up to $8 billion, the Financial Times reported on Monday. nL4N44L09G
    
** California's Attorney General Rob Bonta canceled a meeting with Paramount Skydance PSKY.O representatives scheduled for Monday to begin settlement talks over the state's lawsuit seeking to block Paramount's proposed acquisition of Warner Bros. Discovery WBD.O, the New York Times reported. nL6N44L0DG
 
** Scentre Group SCG.AX said Australian Retirement Trust will acquire a 50% stake in its Queensland shopping centre Westfield Mt Gravatt for A$882.5 million ($632.22 million), a 3.5% premium to the property's December 2025 book value. nL4N44L0DW

** AI startup Hugging Face has been exploring a sale that could value the company at $13 billion or more, Business Insider reported on Sunday, citing people familiar with the matter. nL6N44K06U


 (Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))