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Deals of the day-Mergers and acquisitions
Aug 5, 2024 2:53 AM

Aug 5 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Dubai's Sidara said it was walking away from its plan to

buy UK's John Wood Group, citing rising geopolitical

risks and uncertainty in the financial market, prompting the

British engineering group's shares to plunge 40%.

** Shares in David Beckham-backed Guild Esports

urged more than 54% in early trading, after the gaming firm said

it is planning to agree to a takeover offer from

California-based investment management company DCB Sports.

** Australia's Woodside Energy ( WDS ) said it will acquire

OCI Global's clean ammonia project in Texas for $2.35

billion as the energy firm advances its transition towards green

energy.

** L'Oreal will acquire a 10% stake in Swiss skin

care firm Galderma from a group of major shareholders,

the two companies said, as the French firm seeks a cut of the

profits from the booming medical cosmetics market.

** Societe Generale has agreed to sell its British

and Swiss private banking units to Switzerland's Union Bancaire

Privee (UBP) for 900 million euros ($984 million), the French

bank said as it speeds up its asset sale program.

** Family-owned packaged food giant Mars, whose candy brands

include M&M's and Snickers, is exploring a potential acquisition

of Kellanova ( K ), maker of snacks such as Cheez-It and

Pringles, according to people familiar with the matter.

(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

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