May 15 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:
** Belgian bank KBC Groep said it has reached a
cash agreement to acquire 98.45% of 365.bank, in a deal valuing
the Slovakia-based lender at 761 million euros ($852 million).
** Convenience food manufacturer Greencore ( GNCGF ) said it
had agreed to the terms of a recommended acquisition of UK fresh
food provider Bakkavor Group ( BKKVF ), in a deal valued at 1.2
billion pounds ($1.59 billion).
** Strathcona Resources ( STHRF ) has sold all of its Montney
assets for about $2.84 billion and acquired Hardisty Rail
Terminal as part of its "core area consolidation" strategy, the
Canadian oil and gas producer said on Wednesday.
** Peak Rare Earths ( PKREF ) said that Chinese rare earths
producer Shenghe Resources will acquire the
Australian firm for A$150.5 million ($96.62 million), in
addition to the full amount raised under Peak's proposed A$7.5
million entitlement offer.
** Insurance Australia Group ( IAUGF ) said it will buy The
Royal Automobile Club of Western Australia's insurance business
and entered a licensing agreement for its home, motor and niche
insurance products for a total of A$1.35 billion ($867.51
million).
** Databricks said on Wednesday it would buy database
startup Neon in its latest deal valued at about $1 billion,
aiming to strengthen its analytics platform with technology that
can help businesses develop and use artificial intelligence
agents more easily.
** Dick's Sporting Goods was nearing a deal to buy
rival footwear retailer Foot Locker ( FL ) for about $2.3
billion, the Wall Street Journal reported on Wednesday, citing
people familiar with the matter.
(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)