Deals of the day-Mergers and acquisitions

Reuters02-04
Deals of the day-Mergers and acquisitions

Feb 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:

** A KKR KKR.N and Singapore Telecommunications STEL.SI consortium will pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the companies said, in an intensifying race for AI capacity. nL4N3YZ2RJ

** UK speciality insurer Beazley BEZG.L would recommend a sweetened 8 billion pound ($10.97 billion) takeover by Zurich Insurance ZURN.S once the Swiss firm makes a firm offer, it said after rejecting previous multiple bids. nL6N3Z00G7

** Persil-owner Henkel HNKG.DE said it agreed to buy specialty coatings company Stahl for 2.1 billion euros ($2.5 billion) from Stahl Group. nL6N3Z00HM

** Texas Instruments TXN.O is in advanced talks to buy chip designer Silicon Laboratories SLAB.O for about $7 billion, a source familiar with the matter told Reuters on Tuesday. nL4N3YZ2C0

** Spain's Santander SAN.MC will buy U.S. regional lender Webster Financial WBS.N in a $12.2 billion deal to create one of the country's top-10 retail and commercial banks, the company said, marking a major bet on the U.S. market. nL4N3YZ20F

** Shell SHEL.L has agreed to sell a 20% stake in its Orca project offshore Brazil to Kuwait Foreign Petroleum Exploration Company (KUFPEC), the oil major said. nL6N3YZ0ZT

** Glencore GLEN.L is in talks to sell a 40% stake in its copper and cobalt operations in the Democratic Republic of Congo to a U.S.-backed consortium in a deal valuing the assets at about $9 billion including debt, it said. nL6N3YZ11M

(Compiled by Rajarshi Roy and Angela Christy M in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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