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Deals of the day-Mergers and acquisitions
May 28, 2024 3:13 AM

May 28 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Hess Corp ( HES ) shareholders will vote on Chevron's ( CVX )

proposed $53 billion acquisition of the company, after

many investors have called for a delay in hopes of obtaining a

better offer for their shares.

** OTE Telecom, Greece's biggest telecoms

operator, is in talks with West Network Invest for the potential

sale of its Romanian mobile business, Telekom Romania Mobile, it

said late on Monday.

** Japan's Asahi Kasei ( AHKSF ) said it offered to acquire

Calliditas Therapeutics for about 11.8 billion

Swedish crowns ($1.1 billion) as part of a plan to become a

global drug company.

** ABN Amro has agreed to buy German private bank

Hauck Aufhäuser Lampe (HAL) for 672 million euros ($730 million)

from China's Fosun International 0656.HK to expand in wealth

management, its largest deal since the global financial crisis.

** Italy's Newlat Food said on Monday it will buy

British food group Princes for 700 million pounds ($891.9

million) to create the first Milan-based "unicorn" - or

billion-dollar startup - in the food sector.

** Owners of Asian pallet pooling provider Loscam are

considering a sale of the entire company in a deal that could

fetch over $2 billion, three people with knowledge of the

situation said.

(Compiled by Rajarshi Roy and Aatreyee Dasgupta in Bengaluru)

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