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Deals of the day-Mergers and acquisitions
Jun 21, 2024 3:11 AM

June 21 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Boeing ( BA ) is nearing a deal to buy back Spirit

AeroSystems ( SPR ) after its former subsidiary made substantial

progress in separate talks with Airbus over a

transatlantic breakup of the struggling supplier, people

familiar with the matter said on Thursday.

** Dutch bank ABN Amro is seeking to further

expand in Germany as it is nearing a deal to acquire HSBC's ( HSBC )

wealth management unit in the country, newspaper

Boersenzeitung reported on Friday, without specifying its

sources.

** British soft drinks maker Britvic ( BTVCF ) has rejected a

3.11 billion pound ($3.93 billion) takeover proposal from

Carlsberg Group, the companies said, the second

approach from the Danish brewer it has turned down.

** Real estate company Covivio has signed a

preliminary agreement finalising terms on a proposed asset-swap

deal with AccorInvest, it said on Friday.

** A contract arbitration panel that could block or

green-light the $53 billion sale of Hess Corp ( HES ) to Chevron ( CVX )

remains incomplete three months after the case was

filed, stalling a decision on whether Exxon Mobil ( XOM ) has a

right of first refusal over Hess' Guyana operations.

** Shares of Western Securities jumped more

than 6% in early trading on Friday after the Chinese brokerage

said it was studying plans to acquire rival Guorong Securities.

** U.S. casino operator Boyd Gaming ( BYD ) has approached

Penn Entertainment ( PENN ) to express interest in acquiring its

peer that has a market value of more than $9 billion, including

debt, according to people familiar with the matter.

(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)

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