Transactions of the day – Mergers and acquisitions – 04/16/2024 at 9:55 p.m.


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

(Adds Envestnet, ITA Airways, Timberline Resources, Zee, Siemens Energy, FTI, Criteria, Severstal, DS Smith, Saxo Bank, Kimmeridge)

The following deals, mergers, acquisitions and divestitures were reported before 1945 GMT:

** Envestnet ENV.N, a U.S. software provider with a market value of around $3.5 billion, is exploring options that could include a potential sale after receiving interest in a tender offer, reports said. said people familiar with the matter.

** Lufthansa’s new remedies over the purchase of its stake in ITA Airways are not much different from an earlier package rejected by EU competition regulators, who also ruled out Ryanair as a rival in their review of the operation, people familiar with the matter said.

** Canadian mining company McEwen Mining MUX.TO has reached an agreement to acquire all of the outstanding shares of Timberline Resources TBR.PK that it does not already own, the two companies said.

** Zee Entertainment Enterprises ZEE.NS said on Tuesday it was withdrawing an application filed with an Indian court that sought to force Sony 6758.T to merge its Indian unit with the company.

** The pension fund of Siemens AG SIEGn.DE has reduced its stake in Siemens Energy ENR1n.DE by almost 3%, it has emerged.

** German FTI Group on Tuesday signed an acquisition proposal from a consortium of investors led by US fund Certares, which includes an investment of 125 million euros ($132.83 million) in the society.

** Spanish holding company Criteria is in discussions with a group of investors who have spoken with some of the main shareholders of Spanish energy supplier Naturgy about a possible partnership deal, Criteria said.

** Russian steelmaker Severstal CHMF.MM has acquired a St. Petersburg holding company that controls a majority stake in a joint venture previously owned by Spain’s Windar Renovables.

** US firm International Paper IP.N has reached an all-share deal to buy DS Smith

SMDS.L , valuing the British packaging company at 5.8 billion pounds ($7.2 billion) and ruling out a bid from Mondi MNDI.L .

** Denmark’s Saxo Bank is exploring the possibility of a sale, 18 months after negotiations for a merger with a blank check company collapsed, four people familiar with the matter told Reuters.

** Kimmeridge Energy Management said it had withdrawn its proposal to combine its South Texas gas production assets with SilverBow Resources SBOW.N .



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