Deals of the day-Mergers and acquisitions
Adds: Covestro Updates: BPM
Nov 7 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:
** German plastics and chemicals maker Covestro 1COV.DE said its management and supervisory boards support Abu Dhabi National Oil Company's (ADNOC) $16.3 billion takeover offer.
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** A bid by Italy's third-largest bank Banco BPM BAMI.MI to acquire full control of fund manager Anima Holding ANIM.MI drove shares in both 9% higher.
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** Norway's Equinor EQNR.OL said it has agreed to buy Sval Energi's 11.8% stake in the ongoing offshore development Halten East Unit in the Norwegian Sea, increasing the company's ownership to 69.5%.
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** The Australian competition regulator cleared privately owned pharmacy chain Chemist Warehouse's reverse takeover of Sigma Healthcare SIG.AX, paving the way to create an A$8.8 billion ($5.78 billion) entity after a year-long wait.
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** Avid Bioservices CDMO.O said on Wednesday that it would be acquired by funds managed by GHO Capital Partners and Ampersand Capital Partners in a deal valued at about $1.1 billion.
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(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)
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