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Deals of the day-Mergers and acquisitions
Nov 15, 2024 12:43 PM

Nov 14 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Thursday:

** Shale producer Ovintiv ( OVV ) said on Thursday it would

acquire certain oil assets located in Canada's Montney formation

from Paramount Resources ( PRMRF ) for about $2.38 billion in an

all-cash deal.

** Blackstone has dropped plans to acquire a majority stake

in the snacks business of India's Haldiram's but is now

discussing purchase of a 20% stake at a valuation of $8 billion,

which is still a sticking point, sources told Reuters on

Thursday.

** China's Geely said its premium electric vehicle maker

Zeekr plans to take control of Lynk & Co, a sister brand

- the first big restructuring move in a planned overhaul for the

sprawling automotive group.

** Delfin, the holding of Italy's Del Vecchio family, bought

a 3.5% stake in bailed-out bank Monte dei Paschi, a

source with knowledge of the matter said.

(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)

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