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Deals of the day-Mergers and acquisitions
Nov 3, 2024 11:23 AM

Oct 25 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Air France-KLM wants to take part in the

privatisation of Portugal's carrier TAP and is open to various

options the government may offer, including purchasing a

minority stake, a source familiar with the matter told Reuters.

** Abu Dhabi's ADNOC said that the acceptance period for its

voluntary public takeover offer for German chemicals maker

Covestro ( CVVTF ) has started, with an end date of Nov. 27.

** UK's Castle Water is looking to acquire a controlling

stake in Thames Water, the Financial Times reported, citing

people familiar with the matter.

** Building materials provider Quikrete has approached rival

Summit Materials ( SUM ), which has a market value of more than

$7 billion, with an acquisition offer, people familiar with the

matter said on Thursday.

** A U.S. judge blocked the pending $8.5 billion merger of

U.S. handbag and accessories maker Tapestry and Capri

on Thursday, a victory for the Federal Trade Commission

that is a likely death blow for the deal.

** Avangrid ( AGR ), part of the Iberdrola Group, has

completed the sale of its Kitty Hawk North offshore wind lease

to Dominion Energy ( D ) at $160 million, the company said on

Thursday.

** British oil giant BP said on Thursday it has taken

full ownership of Lightsource BP, after closing the previously

announced buyout of the remaining equity in the solar developer.

** Brazilian meatpacker JBS and Mexico's Sigma

Alimentos are among those competing to acquire Oscar Mayer, the

hot dogs and cold cuts business of packaged food giant Kraft

Heinz ( KHC ), according to people familiar with the matter.

** Asset manager HMC Capital ( HMCLF ) will acquire Global

Switch Australia in A$1.94 billion ($1.29 billion) deal, the

Australian firm said on Thursday, as the company looks to tap

into the booming data centre sector.

(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)

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