Deals of the day-Mergers and acquisitions

Veren

28/03/2023 21:00

(Adds Next Plc, Alphabet, Mercedes-Benz, OCI NV, AMC
Entertainment Holdings Inc, Credit Suisse; updates Crescent
Point Energy Corp, BP)
       March 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Tuesday:
    
    ** Britain's No. 2 Treasury official said that he does not
have any immediate concerns about the execution of Switzerland's
Credit Suisse rescue by UBS but will monitor the deal closely,
reiterating that UK banks are "very resilient".  urn:newsml:reuters.com:*:nL1N36022X
    
    ** Shares of AMC Entertainment Holdings Inc  AMC.N  jumped
more than 18% on Tuesday, set for their biggest gain in a month,
after a report that ecommerce giant Amazon.com Inc  AMZN.O  was
looking to buy the theater chain.  urn:newsml:reuters.com:*:nL4N3603N2
    
    ** Activist investor Jeff Ubben's Inclusive Capital Partners
is urging Dutch fertilizer and chemical maker OCI NV  OCI.AS  to
look for strategic options including asset sales, Bloomberg News
reported, citing a copy of a letter sent by Ubben.  urn:newsml:reuters.com:*:nL4N3603KM
    
    ** Kuwait's sovereign wealth fund, Mercedes-Benz's  MBGn.DE 
third-largest shareholder, is planning to reduce its stake in
the German luxury carmaker via the sale of 20 million shares,
according to bookrunners.  urn:newsml:reuters.com:*:nL8N3605XR

    ** EU antitrust regulators gave unconditional approval for
Alphabet  GOOGL.O  unit Google's acquisition of Croatian maths
app Photomath, the European Commission said in a statement.
 urn:newsml:reuters.com:*:nS8N32W06E
    
    ** British clothing retailer Next Plc  NXT.L  said it has
bought struggling retailer Cath Kidston from its administrators
for 8.5 million pounds ($10.49 million).  urn:newsml:reuters.com:*:nL4N3603FP
    
    ** Malteries Soufflet, a branch of French agribusiness
InVivo, made a $1.5 billion ($998 million) offer for United Malt
Group  UMG.AX , the companies said, sending the Australian
company's shares up 35%.  urn:newsml:reuters.com:*:nL4N35Z3VM
    
    ** Canada's Crescent Point Energy Corp  CPG.TO  said on
Tuesday it will acquire Spartan Delta Corp's  SDE.TO  oil and
gas assets in Alberta's Montney region for C$1.7 billion in cash
($1.24 billion).  urn:newsml:reuters.com:*:nL4N3602F2
    
    ** India's Jindal Stainless Ltd  JIST.NS  said it would
acquire a 49% stake in Indonesia-based New Yaking Pte. Ltd for
$157 million as it seeks to secure a supply of nickel, a key
ingredient in the production of stainless steel.  urn:newsml:reuters.com:*:nL4N3602JN
    
    ** Standard General said it had filed a lawsuit against the
U.S. Federal Communications Commission (FCC) over its decision
to hold hearings on the hedge fund's $5.4 billion plan to buy
television station operator Tegna  TGNA.N .  urn:newsml:reuters.com:*:nL4N3602HM
    
    ** British supermarket group Asda has offered to sell 13
petrol-filling stations with attached grocery stores to secure
regulatory clearance for its 611 million pound ($753 million)
deal with The Co-operative Group  42TE.L .  urn:newsml:reuters.com:*:nL8N3603R4
    
    ** TravelCenters of America  TA.O  confirmed Arko Corp's
 ARKO.O  $1.4 billion takeover offer is not superior to its
existing proposal from British energy giant BP Plc  BP.L .
 urn:newsml:reuters.com:*:nL4N3602FM
    
    ** Japan's antitrust watchdog said it did not expect a
merger between Microsoft Corp  MSFT.O  and Activision Blizzard
 ATVI.O  to stifle competition, helping clear the way for the
Xbox maker's $69 billion acquisition of the "Call of Duty"
creator.  urn:newsml:reuters.com:*:nL1N3600JX

    ** UK's anti-trust regulator said it was looking into
whether EDF's  EDF.PA  proposed acquisition of General Electric
Co's  GE.N  France-based nuclear turbine unit could lead to
competition concerns.  urn:newsml:reuters.com:*:nL4N35Z15Q
    
    ** BP  BP.L  and Abu Dhabi's state oil giant offered to
jointly acquire 50% of Israeli offshore natural gas producer
NewMed Energy  NWMDp.TA  for around $2 billion, making their
entry into Israel's growing energy sector.  urn:newsml:reuters.com:*:nL1N3600HG
    
    ** Lundin Mining Corp  LUN.TO  on Monday said it would buy a
majority stake in Chile's Caserones copper mine for about $950
million to expand the Canadian miner's exposure to the red metal
crucial for the green energy transition.  urn:newsml:reuters.com:*:nL4N3600PC
    
    ** South Korea's Kakao Corp  035720.KS  and affiliate Kakao
Entertainment have acquired a 40% stake in K-Pop agency SM
Entertainment  041510.KQ , the agency said.  urn:newsml:reuters.com:*:nS6N34W005
    
    ** Australia's Liontown Resources  LTR.AX  said it had
knocked back an approach from the world's biggest lithium
producer Albemarle Corp  ALB.N   that valued the lithium
developer at A$5.50 billion ($3.7 billion) and sent its shares
rocketing 59%.  urn:newsml:reuters.com:*:nL4N35Z426
    
    ** Philippine infrastructure conglomerate Metro Pacific
Investments Corp  MPI.PS  said it signed a deal to acquire a
minority stake in renewable energy firm SP New Energy Corp
 SPNEC.PS  for 2 billion pesos ($36.8 million).  urn:newsml:reuters.com:*:nL4N35Z2U8
    
    ** United Malt Group Ltd  UMG.AX  granted exclusive due
diligence access to Malteries Soufflet, a branch of French
agribusiness InVivo, after receiving a A$1.50 billion ($998
million) offer, the Australian commercial maltster said, sending
its shares up 35%.  urn:newsml:reuters.com:*:nL4N35Z3VM
    
    ** A federal judge temporarily stopped bankrupt Voyager
Digital  VYGVQ.PK  from completing a proposed $1.3 billion sale
to crypto exchange Binance.US, allowing the U.S. government more
time to pursue appeals that challenge the legality of the deal.
 urn:newsml:reuters.com:*:nL4N35Z40B
    
    ** Warren Buffett's Berkshire Hathaway Inc  BRKa.N  boosted
its ownership stake in Occidental Petroleum Corp  OXY.N  to
about 23.6% after buying nearly 3.7 million additional shares.
 urn:newsml:reuters.com:*:nL1N35Z2PE

 (Compiled by Rajarshi Roy and Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))