Deals of the day-Mergers and acquisitions

** Brazil's antitrust watchdog CADE said that the sale of state-run oil company Petrobras' Reman refinery to fuel distributor Atem was approved with no restrictions. ** JERA, Japan's biggest power generator, said it had agreed to buy all stakes in two thermal power stations in the United States with a total capacity of 1.63 gigawatts from investment firm Stonepeak for an undisclosed sum.


Reuters | Updated: 13-05-2022 19:29 IST | Created: 13-05-2022 19:29 IST
Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Elon Musk tweeted that his $44-billion cash deal for Twitter Inc is "temporarily on hold" while he waits for the social media company to provide data on the proportion of its fake accounts. ** Brazil's antitrust watchdog CADE said that the sale of state-run oil company Petrobras' Reman refinery to fuel distributor Atem was approved with no restrictions.

** JERA, Japan's biggest power generator, said it had agreed to buy all stakes in two thermal power stations in the United States with a total capacity of 1.63 gigawatts from investment firm Stonepeak for an undisclosed sum. ** Canada's Competition Bureau has blocked Rogers Communications' C$20 billion ($15.4 billion) proposal to buy Shaw Communications, but the regulatory agency's patchy record in legal fights raises the prospect the deal could go through with more concessions.

** Some Swedish Match investors are divided about whether Philip Morris' $16 billion offer for the Stockholm-based company is good value for one of the world's biggest makers of oral nicotine products. ** Arc Minerals shares jumped 6.7% on Thursday after it announced an agreement under which Anglo American would take majority control of the junior exploration firm's Zambia copper-cobalt licences. (Compiled by Rajarshi Roy and Manya Saini in Bengaluru)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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