March 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 09:30 a.m. GMT on
Tuesday:
** Japan's antitrust watchdog said it did not expect a
merger between Microsoft Corp and Activision Blizzard to stifle competition, helping clear the way for the
Xbox maker's $69 billion acquisition of the "Call of Duty"
creator.
** UK's anti-trust regulator said it was looking into
whether EDF's proposed acquisition of General Electric
Co's France-based nuclear turbine unit could lead to
competition concerns.
** BP and Abu Dhabi's state oil giant offered to
acquire 50% of Israeli offshore natural gas producer NewMed
Energy for around $2 billion, making their entry into
Israel's growing energy sector.
** Lundin Mining Corp on Monday said it would buy a
majority stake in Chile's Caserones copper mine for about $950
million to expand the Canadian miner's exposure to the red metal
crucial for the green energy transition.
** South Korea's Kakao Corp and affiliate Kakao
Entertainment have acquired a 40% stake in K-Pop agency SM
Entertainment , the agency said.
** Australia's Liontown Resources said it had
knocked back an approach from the world's biggest lithium
producer Albemarle Corp that valued the lithium
developer at A$5.50 billion ($3.7 billion) and sent its shares
rocketing 59%.
** Philippine infrastructure conglomerate Metro Pacific
Investments Corp said it signed a deal to acquire a
minority stake in renewable energy firm SP New Energy Corp
SPNEC.PS for 2 billion pesos ($36.8 million).
** United Malt Group Ltd granted exclusive due
diligence access to Malteries Soufflet, a branch of French
agribusiness InVivo, after receiving a A$1.50 billion ($998
million) offer, the Australian commercial maltster said, sending
its shares up 35%.
** A federal judge temporarily stopped bankrupt Voyager
Digital from completing a proposed $1.3 billion sale
to crypto exchange Binance.US, allowing the U.S. government more
time to pursue appeals that challenge the legality of the deal.
** Warren Buffett's Berkshire Hathaway Inc boosted
its ownership stake in Occidental Petroleum Corp to
about 23.6% after buying nearly 3.7 million additional shares. (Compiled by Rajarshi Roy and Mariam Sunny in Bengaluru)
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