Deals of the day-Mergers and acquisitions

VMware

21/08/2023 15:43

(Adds: Permian Resources, Cargill, Boerse, Broadcom  Updates:
DuPont De Nemours)
       Aug 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:

        ** Permian Resources  PR.N  said it would buy Earthstone
Energy  ESTE.N  in an all-stock transaction valued at about $4.5
billion, including debt, boosting the shale producer's presence
in the Delaware Basin.
  
         urn:newsml:reuters.com:*:nL4N3A22P5
  
    
    ** The Brazilian unit of grains trader Cargill has asked a
bankruptcy court to halt the auction of two plants owned by soy
crusher Imcopa. In court documents seen by Reuters, Cargill
expressed interest in bidding for Impoca's assets but sought
clarification about the liabilities attached to the plants.
         urn:newsml:reuters.com:*:nL1N3A20ZM
  
        
  
        ** Chemical maker DuPont De Nemours  DD.N  said it has
agreed to sell 80.1% of its Delrin resins unit to private equity
firm TJC, formerly known as The Jordan Company, for about $1.8
billion.
  
         urn:newsml:reuters.com:*:nL4N3A22OR
  

        ** Deutsche Boerse's  DB1Gn.DE  European Energy Exchange
(EEX) has to seek EU antitrust approval for its acquisition of
Nasdaq's  NDAQ.O  European power trading and clearing business
because of its importance to Europe's energy market, EU
antitrust regulators said .
  
         urn:newsml:reuters.com:*:nL8N3A220S
  
        
  
        ** UK's competition regulator said it has cleared U.S.
tech company Broadcom's  AVGO.O  $69 billion purchase of VMware
 VMW.N , following an in-depth phase-2 probe.
  
         urn:newsml:reuters.com:*:nL4N3A22D2
  
    
    ** Hedge fund firm Sculptor Capital Management  SCU.N  said
on Sunday it has received an unsolicited bid from a third party
that had participated in a strategic alternatives process, but
the bid did not show "adequate committed funding".
     urn:newsml:reuters.com:*:nL1N3A200U
        
    ** U.S. insurance broker Marsh, a unit of Marsh & McLennan
 MMC.N , said on Sunday that it would acquire Australia's Honan
Insurance Group. Marsh didn't disclose terms of the acquisition.
     urn:newsml:reuters.com:*:nL1N3A10J6
    
    ** Investment firm GQG Partners raised its stake in Adani
Ports And Special Economic Zone Ltd  APSE.NS  on Aug. 17 to
5.03% after buying more shares, GQG said in a disclosure on
Saturday.
     urn:newsml:reuters.com:*:nL1N3A007O
    
    ** India's Tata Group-owned Titan Co  TITN.NS  will raise
its stake in its subsidiary CaratLane Trading by 27.2% for 46.21
billion rupees ($555.8 million), the parent company said in an
exchange filing on Saturday.
     urn:newsml:reuters.com:*:nL1N3A0052

 (Compiled by Rajarshi Roy and Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com;))