Deals of the day-Mergers and acquisitions

SilverBow Resources

10/04/2024 21:25

(Adds Universal Music Group, Italy, ByteDance, Nippon Steel;
Updates Macy's, Enauta)
       April 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
    
    ** Universal Music Group  UMG.AS  said its unit in Greater
China has entered a global digital distribution partnership with
Chinese entertainment company TF Entertainment.  urn:newsml:reuters.com:*:nFWN3GJ1XU
        
  
        ** The chair of the U.S. Senate Commerce Committee said
that lawmakers could extend to one year a proposed deadline to
force TikTok's parent company, China's ByteDance, to divest the
short video app used by 170 million Americans.  urn:newsml:reuters.com:*:nL2N3GJ1WM
  
        
  
        ** Japanese Prime Minister Fumio Kishida said he hoped
discussions on Nippon Steel's  5401.T  planned acquisition of
U.S. Steel  X.N  will unfold in ways positive for the parties,
while U.S. President Joe Biden said he stands by his commitments
both to American workers and the U.S.-Japan alliance.
 urn:newsml:reuters.com:*:nS0N3EJ02N
  
    
    ** Italy plans asset sales valued at close to 1% of GDP to
keep its fragile state finances in check, the Treasury said,
indicating it could have diluted previously announced plans.
 urn:newsml:reuters.com:*:nL5N3GJ4C8

    ** Macy's  M.N  ended a nearly two-months long proxy contest
with Arkhouse Management by adding two of the activist
investor's nominees to its board, the U.S department store chain
said.  urn:newsml:reuters.com:*:nL3N3GJ2U9
           
    ** Brazilian energy company Enauta  ENAT3.SA  hopes to sign
a deal by the end of the first half of 2024 to merge with fellow
oil firm 3R Petroleum  RRRP3.SA , its chief executive told
Reuters. urn:newsml:reuters.com:*:nL2N3GJ0KX
    
    ** Germany's Galeria Karstadt Kaufhof is to be taken over by
a consortium of U.S. investor Richard Baker and German
businessman Bernd Beetz, the retailer said.  urn:newsml:reuters.com:*:nL5N3GJ2RJ
    
    ** U.S. oil and gas producer SilverBow Resources  SBOW.N 
said in a filing, it has requested additional information on
Kimmeridge Energy Management's assets amid ongoing takeover
talks.  urn:newsml:reuters.com:*:nL3N3GJ2AQ
    
    ** Spanish drug maker Grifols  GRLS.MC  plans to meet its
debt payments in 2025 with the proceeds of new senior secured
notes and the sale of its 20% stake in Shanghai RAAS  002252.SZ 
to Haier Group, it said.   urn:newsml:reuters.com:*:nL5N3GJ16Z
    
    ** Italy's Italgas  IG.MI , Europe's biggest gas
distributor, has made a preliminary offer worth 4 billion euros
to 5 billion euros ($4.3 billion to $5.4 billion) for its main
domestic rival 2i Rete Gas, Corriere della Sera daily reported.
 urn:newsml:reuters.com:*:nL5N3GJ0WY
    
    ** U.S. rare-earths producer MP Materials  MP.N  said
Australian billionaire Gina Rinehart's mining firm had taken a
5.3% stake in the company, expanding her investments in the
mineral ore sector.  urn:newsml:reuters.com:*:nL3N3GI42Z  

 (Compiled by Rajarshi Roy, Anuja Bharat Mistry and Roshia Sabu
in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))