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Deals of the day-Mergers and acquisitions
May 10, 2024 3:35 AM

May 10 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Sabadell CEO César González-Bueno was in London

on Thursday meeting with analysts to champion his bank's success

when news landed that rival BBVA was going hostile

with its 12.23 billion-euro ($13.2 billion) takeover offer.

** Mining giant Rio Tinto had considered an offer

for British miner Anglo American, which is now BHP

Group's ( BHP ) $39 billion takeover target, the Australian

Financial Review reported .

** Abu Dhabi sovereign investor Mubadala Capital's $3

billion bid for New York-based Fortress Investment Group has

cleared a significant U.S. regulatory hurdle after the parties

agreed to important concessions, the Financial Times reported .

** Singapore's second-largest bank Oversea-Chinese Banking

Corp (OCBC) posted a better-than-expected 5% rise in

first-quarter profit and made a S$1.4 billion ($1.04 billion)

offer to take its insurer arm Great Eastern private.

** A federal judge on Thursday indicated a willingness to

compel Elon Musk to testify again in the U.S. Securities and

Exchange Commission's investigation into his $44 billion

takeover of Twitter.

(Compiled by Rajarshi Roy & Priyanka.G in Bengaluru)

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