Deals of the day-Mergers and acquisitions

Taboola.Com

28/11/2022 11:14

(Adds Petrobras, Microsoft, Shell; updates Taboola)
       Nov 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Monday:
    ** Brazil's government-elected transition team asked
state-run oil company Petrobras' Chief Executive, Caio Mario
Paes de Andrade, to suspend the company's divestment plan so
they have time to decide which asset sales would go ahead in the
coming years, transition team member Mauricio Tomalsquim said.
 urn:newsml:reuters.com:*:nS0N32402V
        ** Microsoft  MSFT.O  is likely to offer remedies to EU
antitrust regulators in the coming weeks to stave off formal
objections to its $69 billion bid for "Call of Duty" maker
Activision Blizzard  ATVI.O , people familiar with the matter
said.  urn:newsml:reuters.com:*:nL1N32O1CU 
  
        ** Yahoo Inc will buy nearly 25% of Taboola.com Ltd
 TBLA.O  and become its largest shareholder in a deal allowing
the online advertising company to exhibit paid content on the
web portal's many sites.  urn:newsml:reuters.com:*:nL4N32O2QZ
  
        ** Shell  SHEL.L  said it would acquire Danish biogas
producer Nature Energy for nearly $2 billion, as it looks to
boost its low-carbon business amid growing interest in biogas.
 urn:newsml:reuters.com:*:nL4N32O2YC
  
        ** Embattled property developer China Evergrande Group
 3333.HK  said its unit has entered into a deal to sell a piece
of commercial land in Shenzhen for 7.54 billion yuan ($1.05
billion).  urn:newsml:reuters.com:*:nL4N32O2PI
    ** Italian coffee maker Lavazza said it had made a binding
offer to acquire French coffee seller MaxiCoffee to strengthen
its position in France and in e-commerce.  urn:newsml:reuters.com:*:nL8N32O2N5
    ** Philip Morris International (PMI)  PM.N  said it now
owned a big enough stake in Swedish Match  SWMA.ST  to initiate
a compulsory redemption of remaining shares in its Swedish peer
and would take it off the stock market.  urn:newsml:reuters.com:*:nL8N32O2AI
    ** Kroger  KR.N  CEO Rodney McMullen and Albertsons'  ACI.N 
top executive, Vivek Sankaran, will face questions this week on
plans for the two giant grocery companies to merge in a $25
billion deal, Senator Amy Klobuchar's office said in a
statement.  urn:newsml:reuters.com:*:nL1N32L1PZ
    ** Private equity firms PAG and Platinum Equity are among
bidders vying for Advent International's stake in Singaporean
tuition chain The Learning Lab that could fetch up to $500
million, two sources with knowledge of the matter told
Reuters. urn:newsml:reuters.com:*:nL1N32O0JD
    ** Link Real Estate Investment Trust  0823.HK , Asia's
biggest REIT, has emerged as the frontrunner to buy a portfolio
of assets from Singapore shopping mall owner NTUC Enterprise
Co-operative Ltd, multiple sources told Reuters.  urn:newsml:reuters.com:*:nL4N32O19W
    ** French supermarket retailer Casino  CASP.PA  said that it
had launched a stake sale in Brazilian cash-and-carry chain
Assai  ASAI3.SA  as part of its general debt-cutting plans,
lifting its struggling shares.  urn:newsml:reuters.com:*:nL1N32O0A0
    ** Brenntag SE  BNRGn.DE  said it held preliminary
discussions with U.S. rival Univar Solutions Inc  UNVR.N 
regarding a potential acquisition, as the German chemicals
distributor seeks to expand its footprint in the United
States. urn:newsml:reuters.com:*:nL1N32L1T0
 (Compiled by Rajarshi Roy, Khushi Mandowara and Sourasis Bose
in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com;))