September 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:
** Spanish bank BBVA said its 14.9-billion-euro
($17.44 billion) tender offer for the shares of smaller rival
Sabadell will start on September 8.
** Activist investor Starboard Value owns an 8% stake in BILL
Holdings ( BILL ) and may run a boardroom challenge to push for
changes at the financial automation software company that serves
small and midsize businesses around the world, two sources
familiar with the matter told Reuters.
** E.ON will sell its Czech subsidiary Gas
Distribution s.r.o to GasNet, a subsidiary of Czech electricity
company CEZ Group, the German utility said .
** Mexican lender Banorte will sell its digital
bank unit Bineo to financial technology firm Klar, it said in a
filing on Thursday, giving the young startup access to its
much-coveted banking license.
** Cadence Design ( CDNS ) said on Thursday it will buy the
design and engineering business of Stockholm-based Hexagon AB
for 2.7 billion euros ($3.16 billion), to expand its
customer base and scale up its product portfolio.
(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)