Deals of the day-Mergers and acquisitions
Adds Servier, Royal Mail, Double Eagle, Tellurian; Updates Catalent, Sabadell, ConocoPhillips, Anglo American, N-Able
May 29 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 2000GMT on Wednesday:
** Prolific oil and gas developer Double Eagle is exploring a sale of its latest Permian Basin-based producer in a deal that could be worth more than $6.5 billion, including debt, according to people familiar with the matter. nL8N3HV6H0
** The owner of Britain's Royal Mail has agreed to a 3.57 billion pound ($4.55 billion) takeover by Czech billionaire Daniel Kretinsky, in a take-private deal of one of the world's oldest postal firms. nL4N3HW1CU
** Royal Mail and its sister business GLS IDSI.L need sizable, almost immediate investments to defend market share and face shifting market trends, Czech billionaire Daniel Kretinsky told Reuters after the group's owner agreed to a 3.57 billion pound ($4.55 billion) takeover. nL1N3HW21Z
** Mining group BHP Group BHP.AX walked away from its $49 billion plan to take over rival Anglo American AAL.L, which rejected a last-ditch request for more time, ending for now its six-week pursuit. nL4N3HW1DF
** Top U.S. independent oil and gas producer ConocoPhillips COP.N agreed to buy Marathon Oil MRO.N for $22.5 billion, the latest in a series of mega-deals in the energy industry. nL4N3HW1EP
** The French government has told drugmaker Servier it is against any sale of its generics subsidiary Biogaran, which has a market share of almost a third in the country, Prime Minister Gabriel Attal said. nL8N3HW4E6
** N-Able NABL.N, a U.S. provider of information technology software with a market value of about $2.5 billion, is exploring a sale after attracting acquisition interest, people familiar with the matter said. nL1N3HW1EV
** Spain's Sabadell SABE.MC is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's BBVA.MC hostile takeover attempt, Chief Executive Officer Cesar Gonzalez-Bueno told Reuters. nL1N3HW135
** Catalent CTLT.N said its stockholders have voted to approve Novo Nordisk NOVOb.CO parent's $16.5 billion bid to take over the contract manufacturer. nL4N3HW33J
** Aethon Energy said it would buy Tellurian's TELL.A upstream assets for $260 million and signed a deal that could allow the investment firm to purchase two million tons per annum of liquefied natural gas from Tellurian's Driftwood LNG plant. nL4N3HW2KI
** Merck MRK.N agreed to buy privately held biotech EyeBio for as much as $3 billion, as it looks to diversify its portfolio of experimental drugs with treatments for eye diseases. nL4N3HW2HT
** Dubai-based engineering and consulting firm Sidara raised its offer for John Wood Group WG.L for the third time, saying that was the "final offer" for the British oilfield services and engineering firm. nL4N3HW34B
** HSBC HSBA.L has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said , ending around two years of negotiations and uncertainty. nL1N3HW0V4
** A consortium of U.S. investment firm KKR KKR.N and Singapore Telecommunications (SingTel) STEL.SI has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. nL1N3HV0PB
** India's Paytm PAYT.NS is not in talks to sell a stake in itself, while neither billionaire Gautam Adani nor his namesake power-to-ports group are looking to buy shares in the embattled digital payments firm, the companies said. nL4N3HW0TA
** Cathie Wood's Ark Investment Management had purchased a stake in xAI, Elon Musk's artificial intelligence startup, with a post-money valuation of $24 billion, Bloomberg News reported on Tuesday. nL4N3HV48Q
** Private equity firm KKR KKR.N would acquire Canadian energy firm Emera's EMA.TO indirect minority stake in the Labrador Island Link (LIL) clean energy transmission project for C$1.19 billion ($872.24 million), the companies said on Tuesday. nL4N3HV3Y3
(Compiled by Rajarshi Roy, Aatreyee Dasgupta and Sourasis Bose in Bengaluru)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
