Deals of the day-Mergers and acquisitions

VMware

12/04/2023 15:00

(Adds Broadcom, Updates Brookfield Infrastructure, Emerson
Electric and SiriusPoint)
       April 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0800 PM GMT on
Wednesday:
    
    
    ** The European Commission on Wednesday said U.S. chipmaker
Broadcom's  AVGO.O  proposed $61 billion takeover of cloud
computing company VMware  VMW.N  could restrict competition in
the market for certain hardware components.  urn:newsml:reuters.com:*:nL8N36F48E
    
    ** U.S. industrial conglomerate Emerson Electric Co  EMR.N 
on Wednesday agreed to buy National Instruments Corp  NATI.O 
for $8.2 billion, capping a nearly yearlong pursuit of the
measurement equipment maker.  urn:newsml:reuters.com:*:nL4N36F2P8
    
    ** Brookfield Infrastructure Corp  BIPC.N  will buy freight
container lessor Triton International Ltd  TRTN.N  for about
$4.7 billion, to capitalize on a boom in demand from customers
looking to cut transportation delays.  urn:newsml:reuters.com:*:nL4N36F2HF
    
    ** Billionaire investor Daniel Loeb is considering taking
SiriusPoint Ltd  SPNT.N  private less than three years after he
agreed to combine his hedge fund's reinsurance business, Third
Point Re, with rival Sirius International Insurance Group to
form the global specialty insurer. urn:newsml:reuters.com:*:nL4N36F2XL
    
    ** Russia's government has approved the sale of Shell's
 SHEL.L  former 27.5% stake in the Sakhalin-2 energy project to
Russian energy firm Novatek  NVTK.MM  for 94.8 billion roubles
($1.16 billion), a government order showed.  urn:newsml:reuters.com:*:nL1N36F0MT
    
    ** Australian retailer Wesfarmers Ltd  WES.AX  said it has
sold its remaining 2.8% stake in supermarket chain Coles Group
 COL.AX .  urn:newsml:reuters.com:*:nL4N36F1YP

    ** Newmont Corp's  NEM.N  A$29.4 billion ($19.6 billion)
offer for Australia's Newcrest Mining  NCM.AX  faces hurdles
including winning approvals from shareholders and regulators,
and the full backing of the target's board, analysts said.
 urn:newsml:reuters.com:*:nL4N36F0MP
    
    ** Ahli Bank in Oman  ABOB.OM  said its board disapproved a
merger offer from Oman's second-biggest lender Bank Dhofar
 BKDB.OM .  urn:newsml:reuters.com:*:nL1N36F0BG

    ** Veritas Capital ended talks with Carlyle Group Inc  CG.O 
to buy a 50% stake in private healthcare technology firm
Cotiviti Inc on valuation grounds, a source familiar with the
matter said.  urn:newsml:reuters.com:*:nL4N36F02T
    
    ** Glencore Plc  GLEN.L  on Tuesday modified its $22.5
billion all-share takeover bid for Teck Resources Ltd's
 TECKb.TO  to include up to $8.2 billion in cash, but Teck's
board called it "largely unchanged" and analysts said it will
need to rise further still.  urn:newsml:reuters.com:*:nL4N36E2RG
    
    ** Private jet service Flexjet Inc said on Tuesday it has
terminated the planned merger with billionaire Todd Boehly's
black-check firm Horizon Acquisition Corporation II  HZON.A .
 urn:newsml:reuters.com:*:nL4N36E3VF
    
    ** Carrefour Brasil  CRFB3.SA , the local arm of French
retail giant Carrefour  CARR.PA , said on Tuesday it reached an
agreement to reduce the price of its acquisition of Grupo Big by
up to 1 billion reais ($199.7 million).  urn:newsml:reuters.com:*:nS0N35M022

 (Compiled by Rajarshi Roy, Anne Florentyna Gnanaraja Sekar and
Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))