Deals of the day-Mergers and acquisitions

Suzano SA

21/05/2024 14:37

(Adds: Updates: Swisscom)
       May 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** Swisscom  SCMN.S  has secured an initial go-ahead
from Italy's government for its planned acquisition of Vodafone
Italia, the Swiss telecoms company and a source close to the
matter said.
  
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    ** First Abu Dhabi Bank (FAB)  FAB.AD  is in advanced talks
to acquire Turkish conglomerate Koc Group's  KCHOL.IS  61.2%
stake in Istanbul-based lender Yapi Kredi YKBNK.IS for about $8
billion, according to three sources close to the matter.
     urn:newsml:reuters.com:*:nL1N3HO0G4
    
    ** Hard Rock International, the chain that runs the storied
Hard Rock Cafe hotels and restaurants, has denied any
involvement in a takeover bid for embattled Star Entertainment
 SGR.AX , sending the Australian casino operator's shares down
10% .
     urn:newsml:reuters.com:*:nL4N3HO0J4
    
    ** Phillips 66  PSX.N  on Monday agreed to acquire Pinnacle
Midland, a midstream company owned by private equity firm Energy
Spectrum Capital, for $550 million in cash, expanding the U.S.
refiner's natural gas gathering and processing footprint in the
Midland Basin.
     urn:newsml:reuters.com:*:nL4N3HN3YO
    
    ** Brazilian pulp and paper company Suzano  SUZB3.SA  has
been in talks with its advisers about sweetening its $15 billion
acquisition offer for International Paper  IP.N  people familiar
with the matter said on Monday.
     urn:newsml:reuters.com:*:nL1N3HN2IL
    
    ** Mexican homebuilder Vinte said on Monday that it had
launched a bid to purchase all outstanding shares of competitor
Javer in a deal that could be worth up to 4.29 billion pesos
($259.26 million).
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 (Compiled by Rajarshi Roy and Jaiveer Shekhawat in Bengaluru)
 ((jaiveersingh.shekhawat@thomsonreuters.com;))