May 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:
** Sony Pictures Entertainment (SPE) and Apollo Global
Management ( APO ) have made a $26 billion cash offer for
Paramount Global ( PARAA ), the Wall Street Journal reported.
** Britain's competition watchdog said that Pennon Group's ( PEGRF )
acquisition of Sutton and East Surrey (SES) Water could
hurt the water regulator's ability to make comparisons between
water companies.
** The UK's competition regulator launched an in-depth probe
into Lindab's acquisition of British ventilation
company HAS-Vent, after the Swedish firm did not offer any
undertaking following the watchdog's initial investigation.
** Collapsed U.S. lender SVB Financial Group said on
Thursday that an entity affiliated with Pinegrove Capital
Partners will acquire its venture capital business, SVB Capital.
** The U.S. Department of Justice is seeking more details
and documentary materials as part of an antitrust review of
Nippon Steel's ( NISTF ) proposed $15 billion takeover of U.S.
Steel, the American firm said on Thursday.
** Namoi Cotton's second-largest shareholder Louis
Dreyfus Company (LDC) said it would not accept an A$136.6
million ($89.84 million) off-market takeover bid from
Singapore's Olam Agri Holdings for the Australian
cotton producer.
** U.S. investment management company Global Infrastructure
Partners and Canada's pension fund CPP Investments are nearing a
deal to buy clean energy company Allete ( ALE ), and a deal
could be announced soon, a source familiar with the matter told
Reuters.
** U.S. regulators gave the go-ahead on Thursday to Exxon
Mobil's ( XOM ) $60 billion purchase of Pioneer Natural
Resources ( PXD ), but barred Pioneer's former CEO from Exxon's
board on allegations he attempted to collude with OPEC to raise
oil prices.
** Pakistan will push back the deadline for companies to
express interest in buying national carrier Pakistan
International Airlines to May 18, the country's
privatisation minister said on Thursday.
** Sycamore Partners is one of the buyout equity firms that
have expressed interest in taking U.S. department store
Nordstrom ( JWN ) private, according to people familiar with the
matter.
(Compiled by Rajarshi Roy in Bengaluru)