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Deals of the day-Mergers and acquisitions
Jan 28, 2025 3:14 AM

Jan 28 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Pan-European stock exchange Euronext announced

it would acquire Nasdaq's Nordic power futures

activities, as it seeks to widen its business in the northern

European electricity market.

** Dutch bank ING Groep said it had reached an

agreement to sell its business in Russia to local company Global

Development JSC, leaving the bank with an exposure of 1 billion

euros ($1.04 billion).

** Italy's gas grid operator Snam will sell its

minority stake indirectly held in ADNOC Gas Pipelines to Abu

Dhabi-based investment fund Lunate, Snam said.

** German airline group Lufthansa is in talks with

Spanish carrier Air Europa about the possibility of acquiring a

minority stake, according to two sources with knowledge of the

talks.

** Blue Pool, a Hong Kong-based investment firm backed by

Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian

luxury sneaker makerGolden Goose, the Venice-based brand said.

** Tiger Brands, South Africa's biggest food

producer, said it would sell its 24.4% stake in food producer

Empresas Carozzi back to Chilean parent Carozzi for

$240 million to focus on its domestic business.

** Billionaire Brad Jacobs took his QXO $11 billion

takeover offer for Beacon Roofing to shareholders,

after North America's largest publicly traded distributor of

roofing materials repeatedly rebuffed his offer.

** Eversource Energy ( ES ) said it has agreed to sell its

public water supply unit in a deal valued at $2.4 billion, as

the utility firm aims to pare debt and focus on the core

electric and natural gas businesses.

** U.S. industrial company Emerson Electric ( EMR ) agreed

to pay $7.2 billion to buy the remaining shares in software

supplier AspenTech that it does not already own, the

companies said.

** U.S.-based Diversified Energy ( DEC ) said it will buy

private equity-owned Maverick Natural Resources for $1.28

billion, including debt, to expand into the oil and gas-rich

Permian Basin, sending its shares up 4.3%.

** Sage Therapeutics ( SAGE ) said on Monday that its board

has unanimously rejected Biogen's $469 million offer,

stating it "significantly undervalues" the company and does not

serve shareholders' best interests.

(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)

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