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Deals of the day-Mergers and acquisitions
May 2, 2024 3:58 AM

May 2 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** An international bidding war has deepened for Australia's

Namoi Cotton with Singapore's Olam Agri Holdings

lobbing an A$136.6 million ($89.13 million)

takeover offer that trumps a Dutch-led bid made this week.

** Shares in Spain's Sabadell jumped around 8% in

early trading after it received a merger proposal from its

bigger rival BBVA.

** Raiffeisen Bank International's (RBI)

acquisition of a stake in construction firm Strabag

linked to a Russian tycoon remains under careful assessment for

any compliance risk, the biggest Western bank in Russia said.

** Britain's Co-Op Bank said talks for its takeover by

Coventry Building Society were "well advanced" and its

multi-year revamp was now materially complete, after reporting

first quarter financial performance in line with expectations.

** Abu Dhabi-based Emirates Telecommunications (e&)

said it has not entered into any negotiation or

agreement to acquire European cable and pay TV operator United

Group, following media reports of a potential bid.

** Swiss telecoms group Swisscom said its takeover

of Vodafone Italia is on track and expected to be completed in

the first quarter of 2025.

** Exxon Mobil Corp ( XOM ) is set to close its $60 billion

acquisition of Pioneer Natural Resources ( PXD ) after an

agreement with antitrust enforcers that will keep former Pioneer

CEO Scott Sheffield off its board, the Wall Street Journal

reported on Wednesday, citing people familiar with the matter.

(Compiled by Rajarshi Roy in Bengaluru)

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