Deals of the day-Mergers and acquisitions

Zhaojin Mining Industry Co

30/04/2024 21:31

(Adds: MFE-MediaForEurope, Emirates Telecommunications, BBVA,
Ecolab, Vizio, Mosaic Co, Worley Updates: SES)
       April 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1739 GMT on Tuesday:

    ** A push by investor MFE-MediaForEurope  MFEB.MI  for
German media group ProSiebenSat.1  PSMGn.DE  to spin off its
e-commerce and online dating ventures narrowly failed to get the
required shareholder backing.  urn:newsml:reuters.com:*:nL1N3H30LN
        
  
    ** Abu Dhabi-based Emirates Telecommunications  EAND.AD  is
considering an acquisition of European cable and pay-TV operator
United Group at a valuation of around 8 billion euros ($8.6
billion), Bloomberg News reported.  urn:newsml:reuters.com:*:nL4N3H35MZ
        
  
        ** Spanish lender BBVA  BBVA.MC  and smaller rival
Sabadell  SABE.MC  said  that they had started negotiations to
explore a possible merger, triggering a rise of more than 7% in
Sabadell's shares.  urn:newsml:reuters.com:*:nL8N3H35V5
  
        
  
        ** Water solutions company Ecolab  ECL.N  said  it would
sell its global surgical solutions business to private medical
supplier Medline for $950 million in cash and raised its
full-year profit forecast.  urn:newsml:reuters.com:*:nL4N3H33KF
  
        
  
        ** The U.S. Federal Trade Commission has asked for more
information from Vizio  VZIO.N  and Walmart  WMT.N  regarding
their proposed $2.3 billion deal, the smart-TV maker said.
 urn:newsml:reuters.com:*:nL4N3H333U    
  
        
  
        ** Fertilizer maker Mosaic Co  MOS.N  said  that Saudi
Arabia's flagship mining firm Ma'aden would acquire the
U.S.-based company's stake in a phosphate production joint
venture by issuing shares worth about $1.5 billion.  urn:newsml:reuters.com:*:nL4N3H335P
  
        
  
        ** Worley's  WOR.AX  top shareholder, Dubai-based
engineering and consulting firm Sidara, has sold a 19% stake in
a block trade, the Australian engineering firm said, sending its
shares tumbling 7.5%.  urn:newsml:reuters.com:*:nL4N3H307L
  
        
  
    ** Japan's Ono Pharmaceutical Co  4528.T  said its $2.4
billion takeover of Deciphera Pharmaceuticals  DCPH.O  is a
"first step" in expanding in U.S. and European markets.
 urn:newsml:reuters.com:*:nL1N3H30LK
    
    ** Satellite company SES  SESFd.PA  has agreed to buy all
the shares of Intelsat Holdings for about $3.1 billion in a deal
that would create a European giant in the industry, the
companies said.  urn:newsml:reuters.com:*:nL1N3H30JY
    
    ** Hong Kong-listed L'Occitane International's  0973.HK 
chairman and controlling shareholder, Reinold Geiger, will take
the skin-care firm private, giving it an equity value of 6
billion euros ($6.4 billion), the company said.  urn:newsml:reuters.com:*:nL4N3H31OF
    
    ** U.S. hedge fund Elliott Management Corp has bought a
stake in Sumitomo Corp  8053.T  worth several tens of billions
of yen, a person familiar with the situation said.  urn:newsml:reuters.com:*:nL4N3H30CS
    
    ** Australia's Tietto Minerals  TIE.AX  has urged its
shareholders to accept Zhaojin Mining's  1818.HK  offer that
values the firm at A$733 million ($480.41 million) or sell
shares on-market if the market price is not materially different
to the offer price.  urn:newsml:reuters.com:*:nL4N3H309J
    
    ** Oil and gas firm Diamondback Energy  FANG.O  said on
Monday it had received a second request from the U.S. Federal
Trade Commission (FTC) in connection with the $26 billion deal
to buy privately-held Endeavor.  urn:newsml:reuters.com:*:nL4N3H25JX

 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))