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Deals of the day-Mergers and acquisitions
Apr 30, 2024 2:57 AM

April 30 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Japan's Ono Pharmaceutical Co ( OPHLF ) said its $2.4

billion takeover of Deciphera Pharmaceuticals ( DCPH ) is a

"first step" in expanding in U.S. and European markets.

** Satellite company SES 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 .

** French nuclear operator EDF said it had submitted an

updated bid to Czech majority state-owned utility group CEZ for

the delivery of up to four new nuclear power units in the Czech

Republic.

** Hong Kong-listed L'Occitane International's

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.

** U.S. hedge fund Elliott Management Corp has bought a

stake in Sumitomo Corp ( SSUMF ) worth several tens of billions

of yen, a person familiar with the situation said.

** Australia's Tietto Minerals ( TIETF ) has urged its

shareholders to accept Zhaojin Mining's 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.

** Worley said its top shareholder, Dubai-based

engineering and consulting firm Sidara, had sold about 19% stake

in a block trade, sending the Australian engineering firm's

shares more than 11% lower.

** Oil and gas firm Diamondback Energy ( FANG ) 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.

(Compiled by Rajarshi Roy in Bengaluru)

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