Latest News

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 with investment company MNC Capital for a better deal than its all-cash deal to get the sporting and outside products maker for $3 billion.

** Saudi oil giant Aramco stated it is in speak with acquire a 10% stake in China's Hengli Petrochemical, a deal which would further bolster Aramco's growing downstream existence in China.

** Portuguese oil company Galp Energia has launched the sale of half of its stake in an expedition block offshore Namibia where it has actually made a significant oil discovery, 3 market sources familiar with the matter informed .

** Shanghai Electric Power Company withdrew its deal to get up to 66.4% of Pakistani power company K-Electric, the supervisor of the deal said in a notification to the Pakistan Stock Market.

** Saudi Arabia's sovereign wealth fund PIF has actually accepted purchase a 51% stake in Telecommunication Towers Business Ltd (TAWAL). from STC Group, leading the way for the production of the. region's biggest telecom tower company, PIF and STC stated.

** European investment firm Permira has begun the procedure. for the sale of its 50% stake in Asian water food company. Grobest, targeting an appraisal of about $1 billion for the. Taiwan-based company, said 3 sources near to the matter.

** Portuguese oil company Galp Energia has. released the sale of half of its stake in an exploration block. offshore Namibia where it has actually made a major oil discovery, three. market sources acquainted with the matter told .

** Korea's SK Square is selling up to $198 mln. of Krafton Inc in a block trade, according to a term. sheet seen .

** U.S.-based Quanex Building Products will purchase doors. and windows supplier Tyman in a cash and share deal,. valuing the British company at about 788 million pounds ($ 976. million), the business stated.

** Blackstone made a potential deal to purchase Hipgnosis. Songs Fund for about $1.5 billion, outbidding. Apollo-backed Concord and triggering a takeover battle for the. owner ofmusic rights by artists consisting of Shakira and Red Hot. Chili Peppers.

** Organization software maker Salesforce has actually backed. far from its speak to obtain data-management software firm. Informatica after the two business could not agree on. terms, an individual acquainted with the matter informed on Sunday.

** Australian mineral sands miner Base Resources. stated it had actually agreed to a A$ 375 million

(source: Reuters)