Deals of the day-Mergers and acquisitions
25/10/2024 11:08
Oct 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:
** Air France-KLM AIRF.PA wants to take part in the
privatisation of Portugal's carrier TAP and is open to various
options the government may offer, including purchasing a
minority stake, a source familiar with the matter told Reuters.
urn:newsml:reuters.com:*:nL8N3M02DY
** Abu Dhabi's ADNOC said that the acceptance period for its
voluntary public takeover offer for German chemicals maker
Covestro 1COV.DE has started, with an end date of Nov. 27.
urn:newsml:reuters.com:*:nS8N3K805A
** UK's Castle Water is looking to acquire a controlling
stake in Thames Water, the Financial Times reported, citing
people familiar with the matter. urn:newsml:reuters.com:*:nL4N3M10BU
** Building materials provider Quikrete has approached rival
Summit Materials SUM.N , which has a market value of more than
$7 billion, with an acquisition offer, people familiar with the
matter said on Thursday. urn:newsml:reuters.com:*:nL1N3M01AR
** A U.S. judge blocked the pending $8.5 billion merger of
U.S. handbag and accessories maker Tapestry TPR.N and Capri
CPRI.N on Thursday, a victory for the Federal Trade Commission
that is a likely death blow for the deal. urn:newsml:reuters.com:*:nL1N3M01E6
** Avangrid AGR.N , part of the Iberdrola Group, has
completed the sale of its Kitty Hawk North offshore wind lease
to Dominion Energy D.N at $160 million, the company said on
Thursday. urn:newsml:reuters.com:*:nL4N3M02J1
** British oil giant BP BP.L said on Thursday it has taken
full ownership of Lightsource BP, after closing the previously
announced buyout of the remaining equity in the solar developer.
urn:newsml:reuters.com:*:nL4N3M02DF
** Brazilian meatpacker JBS JBSS3.SA and Mexico's Sigma
Alimentos are among those competing to acquire Oscar Mayer, the
hot dogs and cold cuts business of packaged food giant Kraft
Heinz KHC.O , according to people familiar with the matter.
urn:newsml:reuters.com:*:nL1N3L90QA
** Asset manager HMC Capital HMC.AX will acquire Global
Switch Australia in A$1.94 billion ($1.29 billion) deal, the
Australian firm said on Thursday, as the company looks to tap
into the booming data centre sector. urn:newsml:reuters.com:*:nL4N3LZ2GS
(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))