Deals of the day-Mergers and acquisitions

Superdry

16/04/2024 20:55

(Adds Envestnet, ITA Airways, Timberline Resources, Zee,
Siemens Energy, FTI, Criteria, Severstal, DS Smith, Saxo Bank,
Kimmeridge)
       April 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on:
    
    ** Envestnet  ENV.N , a U.S. software vendor with a market
value of about $3.5 billion, is exploring options that could
include a potential sale after receiving takeover interest,
people familiar with the matter said.  urn:newsml:reuters.com:*:nL2N3GP2JQ
    
    ** Lufthansa's new remedies on its ITA Airways stake buy are
not markedly different from an earlier package rejected by EU
antitrust regulators which have also discounted Ryanair as a
rival in its scrutiny of the deal, people familiar with the
matter said.  urn:newsml:reuters.com:*:nL2N3GP24J
    
    ** Canadian miner McEwen Mining  MUX.TO  entered into a deal
to acquire all outstanding shares of Timberline Resources TBR.PK
that it doesn't already own, the companies said.  urn:newsml:reuters.com:*:nL3N3GP49Q
    
    ** Zee Entertainment Enterprises  ZEE.NS  said on Tuesday it
was withdrawing an application filed with an Indian company
tribunal that was aimed at forcing Sony  6758.T  to merge its
India unit with the company.  urn:newsml:reuters.com:*:nL3N3GP3Y3
    
    ** Siemens AG's  SIEGn.DE  pension fund has cut its stake in
Siemens Energy  ENR1n.DE  by nearly 3%, a filing showed.
 urn:newsml:reuters.com:*:nL5N3GP5FA
    
    ** Germany's FTI Group on Tuesday signed an acquisition
proposal from a consortium of investors led by US travel-focused
fund Certares, which includes a 125 million euro ($132.83
million) investment in the company.  urn:newsml:reuters.com:*:nL5N3GP3S7
    
    ** Spanish holding vehicle Criteria is in discussions with
an investor group that has been talking to some of Spanish
energy provider Naturgy's core shareholders over a possible
partnership agreement, Criteria said.  urn:newsml:reuters.com:*:nL2N3GP0G4
     
    ** Russian steelmaker Severstal  CHMF.MM  has acquired a St
Petersburg holding company that controls a majority stake in a
joint venture previously owned by Spanish firm Windar
Renovables.  urn:newsml:reuters.com:*:nL5N3GP2DP
    
    **  U.S.-based International Paper  IP.N  agreed to an
all-share deal to buy DS Smith  SMDS.L , valuing the British
packaging firm at 5.8 billion pounds ($7.2 billion) and edging
out a bid by Mondi  MNDI.L   urn:newsml:reuters.com:*:nL3N3GP1LI
    
    ** Denmark's Saxo Bank is exploring a possible sale, 18
months after talks to merge with a blank-cheque company fell
apart, four people familiar with the matter told Reuters.
 urn:newsml:reuters.com:*:nL5N3GO5ET
    
    ** Kimmeridge Energy Management said it has withdrawn its
proposal to combine its gas-producing assets in South Texas with
SilverBow Resources  SBOW.N .  urn:newsml:reuters.com:*:nL3N3GP2PX

 (Compiled by Pratyush Thakur and Priyanka.G in Bengaluru)
 ((pratyush.thakur@thomsonreuters.com;))