** Salzgitter is not in discussions with
Thyssenkrupp about a steel merger, its chief executive
said, responding to what sources have said are renewed efforts
by the German conglomerate to sell its steel division.
** British advertising group WPP said on Monday it
has acquired Obviously, a New York-based social influencer
marketing agency, for an undisclosed sum.
** UBS's CEO Ralph Hamers on Monday said the
Swiss bank sees its government-orchestrated takeover of Credit
Suisse as a growth opportunity, in an internal memo
seen by Reuters.
** French agrifood group InVivo, which has said it aimed to
become the world's largest producer of beer ingredient malt, has
placed a bid for United Malt through its branch
Malteries Soufflet, the Australian Financial Review reported on
Monday.
** Blackbaud Inc rejected a buyout offer from its
largest shareholder Clearlake Capital that valued the software
firm at $3.78 billion.
** Brazilian state-run oil firm Petrobras said
there have been no changes in plans regarding its stake in
Braskem , after being questioned by the petrochemical
company about statements given by its CEO to the press last
week.
** Arko Corp said it had made a superior buyout
offer for TravelCenters of America Inc than BP Plc , but indicated the truck stop operator did not view its
proposal favorably.
** Swedish furniture giant IKEA said it had sold its factory
in the Russian city of Novgorod to local firm Invest Plus, more
than a year after pausing its activities in Russia over the
conflict in Ukraine.
** Energy Transfer Lp said it would acquire pipeline
operator Lotus Midstream in a $1.45 billion cash-and-stock deal
to boost its pipeline portfolio in the U.S. Permian basin.
** Australia's Origin Energy Ltd agreed a A$15.35
billion ($10.21 billion) takeover offer from a consortium led by
Canada's Brookfield , nearing the conclusion of one of
the biggest private equity-backed buyouts in the country
announced last year.
** CVS Health Corp said it expects to complete its
acquisition of healthcare services company Signify Health this week, subject to certain conditions, potentially
ending months of antitrust scrutiny on the $8 billion
deal.
** Chinese property developer Shimao Group is
seeking to sell its hotel in Hong Kong close to the
international airport, sales agent JLL said, in a move that
could help the company repay debt.
** Private equity firm CVC Capital Partners has proposed a
takeover of parts of British cinema operator Cineworld Group Plc , within days of a similar offer from activist investor
Elliott Management, Sky News reported.
** Chinese private refiner Zhejiang Petrochemical has agreed
to sell 1 billion shares in its trading arm, Rongsheng
Petrochemical , to Saudi Arabian Oil Company's Unit,
Rongsheng said.
** U.S. regulators said on Monday they would backstop a deal
for regional lender First Citizens BancShares to
acquire failed Silicon Valley Bank, triggering an estimated $20
billion hit to a government-run insurance fund.
** Vietnam Prosperity Joint Stock Commercial Bank said it has sold a 15% stake for $1.5 billion to Sumitomo Mitsui
Financial Group Inc , expanding the Japanese bank's
presence in one of Asia's fastest-growing economies.
** Funeral services provider InvoCare Ltd said it
has rejected a A$1.81 billion ($1.20 billion) offer from TPG
Global, but noted it would be willing to provide the U.S.
private equity firm with due diligence access if approached with
a revised offer.
** Standard Chartered plans to sell its Jordanian
business to Arab Jordan Investment Bank (AJIB) , the
two parties said on Sunday, as the emerging markets-focused
lender presses ahead with plans to exit seven markets in Africa
and the Middle East. (Compiled by Rajarshi Roy, Mariam E Sunny and Priyamvada C in
Bengaluru)
(Adds Salzgitter, WPP, UBS, InVivo; Updates First Citizens
BancShares)
March 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1600 ET on Monday:
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