Deals of the day-Mergers and acquisitions

Sculptor Capital Management

04/10/2023 15:03

(Adds: Hedin Mobility Group, Kuala Lumpur Kepong, Civitas
Resources, SK Capital Partners Updates: Tiger Global-backed
Indian fintech Slice)
       Oct 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Wednesday:

        ** Hedin Mobility Group and U.S.-based PAG International
said on Wednesday the firms do not intend to make an offer for
British automotive retailer Pendragon  PDG.L .
  
     urn:newsml:reuters.com:*:nL4N3BA2Q8
        
  
        ** Malaysian palm oil producer Kuala Lumpur Kepong
 KLKK.KL   said a 1.15 billion ringgit ($243.18 million) deal
for it to acquire a 33% stake in smaller rival Boustead
Plantations  BOPL.KL  has been terminated.
  
         urn:newsml:reuters.com:*:nL4N3BA2DK
  
        
  
        ** Civitas Resources  CIVI.N  will buy acreage in the
oil-rich Permian Basin from global energy trader Vitol's U.S.
upstream venture for about $2.1 billion in cash and stock, the
U.S. oil and gas producer said .
  
         urn:newsml:reuters.com:*:nL4N3BA274
  
        
  
        ** Private equity firm SK Capital Partners acquired U.S.
oilfield waste services firm Milestone Environmental Services
from Amberjack Capital Partners for an undisclosed amount, the
companies said.
  
         urn:newsml:reuters.com:*:nL2N3B82ZI
  
        
  
        ** Tiger Global-backed Indian fintech Slice is set to
merge with North East Small Finance Bank, a small-sized lender
with operations focused on the country's north-eastern region.
  
         urn:newsml:reuters.com:*:nL4N3BA1O4
  
    
    ** Exxon Mobil Corp  XOM.N  chose BlackRock  BLK.N  as the
potential buyer for its majority stake in Italy's main liquefied
natural gas (LNG) import terminal, the U.S. oil producer said in
a statement.  urn:newsml:reuters.com:*:nL1N3BA0HD

    ** Britain's antitrust regulator said it would clear
Hitachi's  6501.T  acquisition of Thales'  TCFP.PA  signalling
business after the Japanese company addressed its concerns by
offering to sell part of its mainline signalling business.
 urn:newsml:reuters.com:*:nL8N3BA17U

    ** Australian lender Westpac  WBC.AX  said  it had cancelled
the sale of its Fiji and Papua New Guinea businesses, ending a
years-long process that was beset by regulatory problems.
 urn:newsml:reuters.com:*:nL4N3BA07C
    
    ** Dan Och and other former Sculptor Capital Management
 SCU.N  executives on Tuesday urged the hedge fund to release
details about a sweetened rival takeover bid reportedly larger
than its agreed sale price of around $639 million in July.
 urn:newsml:reuters.com:*:nL1N3B92SA
    
    ** Australia's TPG Telecom  TPG.AX  said the exclusive due
diligence period granted to Macquarie-backed rival Vocus Group
for the A$6.3 billion ($3.97 billion) bid for its non-mobile
fiber assets has expired.  urn:newsml:reuters.com:*:nL4N3B92CF

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