Deals of the day-Mergers and acquisitions – 05/13/2024 at 10:10 p.m.


((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Adds Italgas, Kraft Heinz, Hess, Anglo American, Axa, Walgreens Boots Alliance; updates BHP Group, ESR Group)

The following deals, mergers, acquisitions and divestitures were reported at 19:55 GMT on Monday:

** Italgas IG.MI, Europe’s largest gas distributor, said on Monday it had entered into exclusive negotiations to acquire smaller rival 2i Rete Gas.

** Proxy voting consultancy ISS recommended that Hess HES.N shareholders refrain from voting for Chevron CVX.N’s proposed $53 billion acquisition of Hess.

** Kraft Heinz KHC.O is exploring the possibility of selling its Oscar Mayer meat business for between $3 billion and $5 billion, the Wall Street Journal reported, citing people familiar with the matter.

** Anglo American AAL.L rejected a 34 billion pound ($42.67 billion) takeover offer from BHP Group

BHP.AX, saying the world’s largest listed miner “continues to significantly undervalue” the company.

** French insurer Axa AXAF.PA and Dutch bank ABN Amro have chosen BNP Paribas BNPP.PA as the buyer of their joint life insurance venture Neuflize Vie, French daily Les Echos reported.

** The real estate fund manager ESR Group

1821.HK, listed in Hong Kong and currently valued at $5.4 billion, has halted trading in its shares, saying a group of investors had proposed taking it private.

** Walgreens Boots Alliance WBA.O is contacting potential buyers to sell its U.K.-based Boots drugstore chain, in a second attempt to spin off the unit, Bloomberg News reported, driving up its shares by almost 5%.

** Intel INTC.O is in advanced talks for a deal with Apollo Global Management APO.N in which the investment firm would provide more than $11 billion to build a factory in Ireland, the Wall Street Journal reported.

** Private equity firm Cinven is preparing to explore a sale of Jaggaer that it hopes will value the supply chain software maker at around $3 billion, including debt, according to people familiar with the file.

** Tylenol maker Kenvue KVUE.N said Johnson & Johnson JNJ.N would sell its remaining 9.5% stake in the company, about a year after the health care conglomerate spun off and listed its healthcare business. general public health.

** Private equity firm Permira will buy Squarespace SQSP.N in an all-cash deal valued at about $6.9 billion, the web design platform said, as small and Mid-sized businesses are turning to the Internet to support their growth.

** Private equity firm EQT EQTAB.ST said it had made a recommended cash takeover offer for Swedish renewable energy group OX2

OX2SE.ST for 16.4 billion crowns ($1.51 billion).

** French food retailer Casino CASP.PA said it sold 10.15% of its remaining stake in renewable energy unit GreenYellow for 46 million euros to investment fund Ardian and investment bank supported by the French state Bpifrance.

** US Senate Majority Leader Chuck Schumer on Sunday asked the Federal Trade Commission to “put the brakes on” Chevron Corp CVX.N’s proposed acquisition of Hess Corp HES.N.



Source link -86