NAM namoi cotton limited

News: NAM Deals of the day-Mergers and acquisitions

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    (Adds Novo Nordisk, Hankook Tire & Technology; updates Apollo Global Management, Nordstrom, Pennon)

    May 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

    		** Sony Pictures Entertainment (SPE) and private equity firm Apollo 
    Global Management  APO.N  have made a $26 billion cash offer for movie group 
    

    Paramount Global PARA.O , the Wall Street Journal reported.

    		** Sycamore Partners is one of the buyout equity firms that have 
    expressed interest in taking U.S. department store operator Nordstrom  JWN.N  
    

    private, according to people familiar with the matter.

    		** The U.S. Federal Trade Commission has sought additional information 
    about a $16.5 billion deal by Novo Nordisk's  NOVOb.CO  parent to buy 
    

    manufacturing subcontractor Catalent CTLT.N .

    		** South Korea's Hankook Tire & Technology Co Ltd  161390.KS  has signed 
    a preliminary agreement to acquire a stake worth 1.7 trillion won ($1.25 
    

    billion) in Hanon Systems 018880.KS , it said, which would make it the majority shareholder.

    		** British water company Pennon  PNN.L  faces in-depth regulatory 
    investigation of its purchase of rival Sutton and East Surrey (SES) Water unless 
    

    it can address concerns raised by the competition watchdog.

    ** The UK's competition regulator launched an in-depth probe into Lindab's LIAB.ST acquisition of British ventilation company HAS-Vent, after the Swedish firm did not offer any undertaking following the watchdog's initial investigation.

    ** Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital.

    ** The U.S. Department of Justice is seeking more details and documentary materials as part of an antitrust review of Nippon Steel's 5401.T proposed $15 billion takeover of U.S. Steel, the American firm said on Thursday.

    ** Namoi Cotton's (NAM) second-largest shareholder Louis Dreyfus Company (LDC) said it would not accept an A$136.6 million ($89.84 million) off-market takeover bid from Singapore's Olam Agri Holdings IPO-OLAA.SI for the Australian cotton producer.

    ** U.S. investment management company Global Infrastructure Partners and Canada's pension fund CPP Investments are nearing a deal to buy clean energy company Allete ALE.N , and a deal could be announced soon, a source familiar with the matter told Reuters.

    ** U.S. regulators gave the go-ahead on Thursday to Exxon Mobil's XOM.N $60 billion purchase of Pioneer Natural Resources PXD.N , but barred Pioneer's former CEO from Exxon's board on allegations he attempted to collude with OPEC to raise oil prices.

    ** Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines PIAa.PSX to May 18, the country's privatisation minister said on Thursday.

 
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