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Deals of the day-Mergers and acquisitions
May 17, 2024 3:15 AM

May 17 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0940 GMT on Friday:

** BHP Group ( BHP ) would need to boost its latest offer

around 30% to reflect fair value for Anglo American and

its key copper assets, JPMorgan analysts said in a note.

** U.S. fund General Atlantic and Canadian pension fund

CPPIB are readying a 3 billion euro ($3.26 billion) offer to buy

Spain's largest online real estate company Idealista, Spanish

newspaper Expansion reported , citing unidentified market

sources.

** ABB has agreed to buy the wiring accessories

business of German rival Siemens in China, the Swiss

engineering group said.

** Hess shareholders should vote in favor of

Chevron's ( CVX ) $53 billion all-stock offer at the oil

company's May 28 special meeting, proxy adviser Glass Lewis said

on Thursday.

** Philippine conglomerate Ayala Corp sold its

entire stake in utility firm Manila Water Company (MWC)

to top shareholder Trident Water Company for a gross

consideration of around 14.5 billion pesos ($251.87 million).

** Brazilian hospital chain Rede D'Or said on

Thursday it signed a deal to sell its controlling stake in the

insurance firm D'Or Consultoria to MDS.

** Oil and gas producer Crescent Energy ( CRGY ) has agreed

to buy rival SilverBow Resources ( SBOW ) for $2.1 billion, a

deal which would create the second-largest operator in the Eagle

Ford basin in south Texas.

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

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