April 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Friday:
** Investment fund Phoenix won the privatization auction for a controlling stake in Brazilian power generator EMAE with an offer of 70.65 reais per share, a premium of 33.68% over the minimum bid.
** U.S. investment company KKR's proposed buyout of Telecom Italia's (TIM) fixed-line access network will be decided by EU antitrust regulators by May 30, according to a European Commission filing.
** Hedge fund manager Butler Hall Capital said on Friday it is urging Vanda Pharmaceuticals to form an independent special committee to engage with Future Pak over its takeover offer and run a full sales process.
** French train manufacturer Alstom has agreed to sell its North American conventional rail signalling business to German rail systems manufacturer Knorr-Bremse AG KBX.DE for around 630 million euros ($671 million), it said.
** Brazil's Petz said it had agreed to merge with rival Cobasi in a cash and share swap deal that would create the country's largest pet product retailer.
** Spain signalled it was open to a potential takeover bid of energy firm Naturgy NTGY.MC by Abu Dhabi's TAQA , saying that while the government will defend its strategic interests that did not imply it would block the deal.
** Lufthansa executives and lawyers will attend a day-long hearing in Brussel to try to convince EU antitrust regulators to clear the company's bid for a minority stake in Italian rival ITA Airways.
** British packaging group Mondi will not make an offer to buy DS Smith , it said, bowing out of the battle after its UK peer agreed to a 5.8 billion pound ($7.21 billion) deal with International Paper IP.N earlier this week.
** The Indian government is open to a minority stake sale in General Insurance Corporation of India $(GIC)$ and Life Insurance Corporation of India $(LIC.AU)$ in financial year 2024/25 after assessing investor appetite, a government source told Reuters on Friday.
** Schneider Electric is in talks with U.S. engineering software producer Bentley Systems over a potential "strategic transaction", it said without elaborating, sending the French company's shares down 2%.
** Shares of Paramount Global rose more than 9% in premarket trade, after Reuters reported Sony Pictures Entertainment and Apollo Global Management were discussing a joint bid to acquire the media company.
** Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said.
** The mining investment arm of Abu Dhabi's most valuable company has offered to buy a majority stake in Vedanta Resources' Zambian copper assets, two sources familiar with the matter told Reuters, in its drive to build an African copper mining empire.
(Compiled by Priyanka.G in Bengaluru)
((Priyanka.G@thomsonreuters.com;))
Comments