May 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on
Wednesday:
** Anglo American rejected BHP Group's ( BHP )
last-ditch request for more time to discuss a $49 billion
takeover offer, dismissing it as highly complex and ending a
five-week pursuit by the bigger rival.
** A consortium of U.S. investment firm KKR and
Singapore Telecommunications (SingTel) has emerged as
the frontrunner to buy a minority stake worth $1 billion in one
of Asia's biggest data centre providers, two sources said.
** The owner of Britain's Royal Mail has agreed to a 3.57
billion pound ($4.55 billion) takeover by Czech billionaire
Daniel Kretinsky, it said on Wednesday, in a take-private deal
of one of the world's oldest postal firms.
** ConocoPhillips ( COP ) is in advanced talks to buy
Marathon Oil ( MRO ) in an all-stock deal that could value the
Houston-based company at a little over its $15 billion market
value, the Financial Times reported on Wednesday citing people
briefed on the matter.
** India's Paytm is not in talks to sell a stake
in itself, while neither billionaire Gautam Adani nor his
namesake power-to-ports group are looking to buy shares in the
embattled digital payments firm, the companies said on
Wednesday.
** Merck & Co ( MRK ) is nearing a $1.3 billion cash deal to
buy ophthalmology biotechnology company Eyebiotech in an
agreement that could see an additional $1.7 billion in milestone
payments, the Wall Street Journal reported on Tuesday.
** Cathie Wood's Ark Investment Management had purchased a
stake in xAI, Elon Musk's artificial intelligence startup, with
a post-money valuation of $24 billion, Bloomberg News reported
on Tuesday.
** Private equity firm KKR would acquire Canadian
energy firm Emera's ( EMRAF ) indirect minority stake in the
Labrador Island Link (LIL) clean energy transmission project for
C$1.19 billion ($872.24 million), the companies said on Tuesday.
** T-Mobile will buy almost all of regional carrier
United States Cellular's ( USM ) wireless operations including
customers, stores and 30% of its spectrum assets in a deal
valued at $4.4 billion, the telecom giant said on Tuesday.
** Hess shareholders on Tuesday approved the
proposed $53 billion merger with Chevron ( CVX ) that paves the
way for the No. 2 U.S. oil company to gain a prize asset and a
foothold in rival Exxon Mobil's ( XOM ) massive Guyana
discoveries.
(Compiled by Rajarshi Roy and Aatreyee Dasgupta in Bengaluru)