(Adds: Summit Materials ( SUM ), Mubadala Capital, Old National
Bancorp ( ONB ), EQT, Sidenor Updates:)
Nov 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:
** Summit Materials ( SUM ) said rival Quikrete would
acquire the company in a cash deal valued at $11.5 billion, in a
move to capitalize on higher demand for building materials.
** Abu Dhabi's Mubadala Capital will take CI Financial ( CIXXF )
private in a C$12.1 billion ($8.66 billion) all-cash
deal, including debt, the Canadian asset and wealth manager
said.
** Regional lender Old National Bancorp ( ONB ) will buy
privately held Bremer Financial in a $1.40 billion
cash-and-stock deal, the companies said, creating a combined
bank with over $70 billion in assets.
** Natural gas producer EQT said alternative
asset manager Blackstone would buy minority stakes in
some of its pipelines for $3.5 billion in cash through a joint
venture.
** Basque steelmaker Sidenor has made an offer to buy a
29.9% stake in Spanish train maker Talgo held by
global investment fund Trilantic, a source close to the
negotiations said, confirming an earlier report by Expansion
newspaper.
** Italy's UniCredit launched a surprise 10
billion euro ($11 billion) bid for domestic peer Banco BPM
, which CEO Andrea Orcel said would not get in the way
of a potential deal for Germany's Commerzbank.
** Pipeline operator ONEOK ( OKE ) said on Sunday it would
buy the remaining shares of peer EnLink Midstream ( ENLC ) for
$4.3 billion in an all-stock deal, boosting its presence in the
Permian Basin amid increased consolidation in the U.S. energy
sector.
** QatarEnergy has entered into an agreement with
TotalEnergies to acquire additional offshore exploration
interests in the Orange Basin off the coast of Namibia, it said
on Sunday.
(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)