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Deals of the day-Mergers and acquisitions
May 22, 2024 3:10 AM

May 22 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** BHP's bid for Anglo American underlines

the growing appetite for energy transition metals like copper

from miners who must become more aggressive to secure new

projects or risk missing out, investors and mining CEOs said.

** Abu Dhabi National Oil Company (ADNOC) has acquired a 10%

stake in Galp's Area 4 concession in the

multi-billion-dollar natural gas project in the Rovuma basin in

Mozambique, it said, its first foray into the African country.

** Admiral Acquisition ( ADMNF ) will buy North American

engineering and lab-testing services provider Acuren in a $1.85

billion deal, the blank-check company co-founded by dealmaker

Martin E. Franklin said .

** Namoi Cotton asked shareholders to reject Dutch

commodity merchant Louis Dreyfus' A$138.6 million ($92.39

million) offer to take full control of the cotton ginning firm,

citing a better offer by Singapore's Olam Agri .

** Uruguay's antitrust regulator blocked Mexican breadmaking

giant Bimbo's planned purchase of local breadmaker Pagnifique on

Tuesday, citing risks to market concentration if Bimbo were able

to carry out the deal.

(Compiled by Rajarshi Roy and Jaiveer Shekhawat in Bengaluru)

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