Oct 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
** Dutch crop trader Louis Dreyfus raised its buyout offer for
Namoi Cotton, with its bid that values the Australian cotton
ginning firm at A$159.3 million ($110 million), signalling the
end of a months-long bidding war as Singapore's Olam Agri
effectively surrendered arms.
** Abu Dhabi's ADNOC has agreed to buy German chemicals
producer Covestro ( CVVTF ) for 15.9 billion euros ($18 billion)
including debt, the state oil giant said, representing its
largest acquisition to date.
** Macquarie's asset management division will buy
Denmark-based offshore wind operations and maintenance business
ZITON A/S , the Australian financial services
company said.
** British luxury brand Mulberry rejected retailer
Frasers' ( SDIPF ) 83-million-pound ($111 million) takeover
proposal, saying its majority shareholder did not support the
bid and that it undervalued the company.
** Switzerland's Partners Group is selling German
metering firm Techem for 6.7 billion euros ($7.46
billion) to US asset manager TPG, Techem said, changing
hands to its third private equity firm.
** Pfizer ( PFE ) sold a stake in British consumer
healthcare group Haleon ( HLN ) worth about $3.26 billion on
Monday, cutting its shareholding in the maker of Sensodyne
toothpaste and Panadol and Advil painkillers to 15% from 22.6%.
** Spanish defence and technology firm Indra's
board agreed to start looking for options to sell a stake in its
Minsait Payments business, the company said on Monday in a
filing to the stock market regulator.
** Singapore's Olam Agri Holdings said it will
not to extend its buyout offer for Namoi Cotton, which
values the Australian cotton producer at A$144 million ($99.62
million), beyond its current closure date of Oct. 8.
** Qatar Airways will buy a 25% stake in Virgin Australia
from U.S. private equity firm Bain Capital, posing a tougher
contest for Qantas Airways ( QUBSF ) that has dominated
Australian routes and pushed back against giving access to the
Middle Eastern carrier.
** Shares of Australia's REA Group ( RPGRF ) rose 4% , after
the property listing firm decided to end its $8.29 billion
takeover pursuit for Rightmove ( RTMVF ) following a fourth bid
rejection from the British real estate portal.
** Qatar Airways' plans to buy a 25% stake in Virgin
Australia from U.S. private equity firm Bain Capital would go
through all required regulatory processes, including the Foreign
Investment and Review Board, Australia's Treasurer Jim Chalmers
said .
** PepsiCo ( PEP ) is in advanced talks to acquire
tortilla-chip maker Siete Foods for more than $1 billion, the
Wall Street Journal reported on Monday, citing people familiar
with the matter.
(Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru;
Editing by Shreya Biswas)