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Deals of the day-Mergers and acquisitions
Jun 12, 2024 5:08 AM

June 12 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1130 GMT on

Wednesday:

** U.S. oil and gas producer Matador Resources ( MTDR ) said

on Wednesday it would buy a unit of Ameredev II Parent,

including certain oil and natural gas producing assets and

undeveloped acreage in the Delaware basin, for about $1.91

billion

** SPAR Group, South Africa's second-biggest

grocery group has found a buyer for its loss-making Polish

business and expects cost savings and IT system enhancements

will improve profitability going forward, it said on Wednesday

** German technology group Robert Bosch is open to

public listings of certain divisions as it explores financing

options for acquisitions, although not as a group or in its core

business as an auto supplier, the company chief executive said

** Italian energy company Eni said it had

completed the sale of 10% of the share capital of oilfield group

Saipem at 1.970 euros per share for a total value of

393 million euros ($421.96 million)

** Media heiress Shari Redstone abruptly ended talks with

David Ellison's Skydance Media on Tuesday, killing the potential

sale of a controlling stake in Paramount Global ( PARAA ) to the

independent studio, sources familiar with the negotiations

said

** National Bank of Canada ( NTIOF ) said on Tuesday it would

buy Alberta-based rival Canadian Western Bank ( CWESF ) in a C$5

billion ($3.63 billion) deal combining the country's sixth- and

eighth-largest lenders respectively and giving the Quebec-based

bank coast-to-coast exposure

** Debt-laden French tech group Atos said on

Tuesday it has entered exclusive negotiations for selling its

Worldgrid unit for an enterprise value of 270 million euros

($289.93 million) to engineering consulting group Alten

** The family behind Badia Spices is exploring a sale of the

Hispanic food company that could value it at over $1.2 billion,

including debt, according to sources familiar with the

matter

(Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)

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