Deals of the day-Mergers and acquisitions

Summit Materials

02/12/2024 21:09

(Adds UniCredit)
       Dec 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Monday:

    **  The Italian government is ready to use its special
vetting powers if UniCredit's  CRDI.MI  takeover bid for smaller
rival Banco BPM  BAMI.MI  goes against the national interest,
the prime minister said.
     urn:newsml:reuters.com:*:nL2N3N30TD
    
    ** Summit Materials  SUM.N  said rival Quikrete would
acquire the company in a cash deal valued at $11.5 billion, in a
move to capitalize on higher demand for building materials.
     urn:newsml:reuters.com:*:nL3N3MW0L7
    
    ** Abu Dhabi's Mubadala Capital will take CI Financial
 CIX.TO  private in a C$12.1 billion ($8.66 billion) all-cash
deal, including debt, the Canadian asset and wealth manager
said.
     urn:newsml:reuters.com:*:nL3N3MW0LH
    
    ** Regional lender Old National Bancorp  ONB.O  will buy
privately held Bremer Financial in a $1.40 billion
cash-and-stock deal, the companies said, creating a combined
bank with over $70 billion in assets.
     urn:newsml:reuters.com:*:nL3N3MW0JO
    
    ** Natural gas producer EQT  EQT.N  said that alternative
asset manager Blackstone  BX.N  would buy minority stakes in
some of its pipelines for $3.5 billion in cash through a joint
venture.
     urn:newsml:reuters.com:*:nL3N3MW0KO
    
    ** Basque steelmaker Sidenor has made an offer to buy a
29.9% stake in Spanish train maker Talgo  TLGO.MC  held by
global investment fund Trilantic, a source close to the
negotiations said, confirming an earlier report by Expansion
newspaper.
     urn:newsml:reuters.com:*:nL5N3MW0EP
    
    ** Italy's UniCredit  CRDI.MI  launched a surprise 10
billion euro ($11 billion) bid for domestic peer Banco BPM
 BAMI.MI , which CEO Andrea Orcel said would not get in the way
of a potential deal for Germany's Commerzbank  CBKG.DE .
     urn:newsml:reuters.com:*:nL3N3MW09F
    
    ** Pipeline operator ONEOK  OKE.N  said on Sunday it would
buy the remaining shares of peer EnLink Midstream  ENLC.N  for
$4.3 billion in an all-stock deal, boosting its presence in the
Permian Basin amid increased consolidation in the U.S. energy
sector.
     urn:newsml:reuters.com:*:nL3N3MW03O
    
    ** QatarEnergy has entered into an agreement with
TotalEnergies to acquire additional offshore exploration
interests in the Orange Basin off the coast of Namibia, it said
on Sunday.
     urn:newsml:reuters.com:*:nFWN3MU08H

 (Compiled by Rajarshi Roy, Aamir Sohail and Abhinav Parmar in
Bengaluru)
 ((Aamir.sohail@thomsonreuters.com))