Deals of the day-Mergers and acquisitions

SilverBow Resources

17/05/2024 10:51

May 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0940 GMT on Friday:

    ** BHP Group  BHP.AX  would need to boost its latest offer
around 30% to reflect fair value for Anglo American  AAL.L  and
its key copper assets, JPMorgan analysts said in a note.
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    ** U.S. fund General Atlantic and Canadian pension fund
CPPIB are readying a 3 billion euro ($3.26 billion) offer to buy
Spain's largest online real estate company Idealista, Spanish
newspaper Expansion reported , citing unidentified market
sources.
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    ** ABB  ABBN.S  has agreed to buy the wiring accessories
business of German rival Siemens  SIEGn.DE  in China, the Swiss
engineering group said.
     urn:newsml:reuters.com:*:nL8N3HK0PP
    
    ** Hess  HES.N  shareholders should vote in favor of
Chevron's  CVX.N  $53 billion all-stock offer at the oil
company's May 28 special meeting, proxy adviser Glass Lewis said
on Thursday.
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    ** Philippine conglomerate Ayala Corp  AC.PS  sold its
entire stake in utility firm Manila Water Company (MWC)  MWC.PS 
to top shareholder Trident Water Company for a gross
consideration of around 14.5 billion pesos ($251.87 million).
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    ** Brazilian hospital chain Rede D'Or  RDOR3.SA  said on
Thursday it signed a deal to sell its controlling stake in the
insurance firm D'Or Consultoria to MDS.
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    ** Oil and gas producer Crescent Energy  CRGY.N  has agreed
to buy rival SilverBow Resources  SBOW.N  for $2.1 billion, a
deal which would create the second-largest operator in the Eagle
Ford basin in south Texas.
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 (Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))