Channel Islands
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Oil & Gas
Offers of the day-Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Data-management software firm Informatica is not currently taken part in any discussions to be obtained, the company said, after media reports of takeover interest from Salesforce . ** Kroger and Albertsons Cos stated that they have amended their conclusive contract with C&S Wholesale Grocers for the sale of possessions in connection with their proposed merger. ** CoStar Group said it would buy 3D virtual trip developer Matterport in a cash-and-stock offer valued at $1.6 billion. ** Vista Outdoor stated it was taking part in discussions
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Fossil Fuels
UK's Petrofac states still facing difficult contracts, shares tumble
Oilfield companies Petrofac said on Friday it was still facing challenges in protecting efficiency warranties for new agreements and that it stays in talks with loan providers to reorganize its financial obligation in exchange for equity. Efficiency warranties describe a commitment to honour the terms of the deal. WHY IT'S IMPORTANT After a boom in orders due to high oil prices in 2022, Petrofac has been struggling with payment delays and cost overruns at its engineering and construction system. Its shares have actually suffered-- first due to a UK Serious Fraud Workplace examination and after that due to a string