Deals of the day-Mergers and acquisitions
Adds Paramount Global, Sony Pictures, Patron Capital Partners, Seed Health, Liberty Ostrava, ADW Capital Management
June 12 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Wednesday:
** Paramount Global's PARA.O proposed deal with Skydance Media is not moving forward, Paramount said in an internal memo seen by Reuters, adding that it will remain open to exploring strategic alternatives. nL4N3IA1CK
** Sony Pictures Entertainment 6758.T has acquired U.S. cinema chain Alamo Drafthouse Cinema, the companies said, a move that will give the studio control over movie distribution. The companies did not disclose the financial terms of the deal. nL4N3IA1BF
** Patron Capital Partners is one of the bidders for Legal & General's LGEN.L housebuilder CALA, in a deal expected to raise around one billion pounds ($1.28 billion), a source familiar with the matter said. nL1N3IA129
** The owners of Seed Health, one of the few profitable U.S. biotechnology startups, are exploring a sale of the probiotics maker that could value it at more than $1 billion, according to people familiar with the matter. nL1N39Q1GX
** Czech steelmaker Liberty Ostrava will start a sale process and enter into reorganisation proceedings under the insolvency act, withdrawing a planned restructuring it had sought to turn around its business, it said. nL1N3IA0RZ
** Hedge fund ADW Capital Management urged GFL Environmental GFL.TO to sell its environmental solutions business and position itself as a pure-play waste management firm. nL4N3IA0XS
** U.S. oil and gas producer Matador Resources MTDR.N said it would add oil and natural gas producing assets and undeveloped acreage in the Delaware basin in an about $1.91 billion cash deal for a unit of Ameredev II Parent. nL4N3IA0QP
** SPAR Group SPPJ.J, South Africa's second-biggest grocery group, has found a buyer for its loss-making Polish business and expects cost savings and IT system enhancements will improve profitability going forward, it said on Wednesday. nL1N3IA04F
** Riot Platforms RIOT.O said Bitfarms' move to adopt a poison pill BITF.O to thwart its acquisition by the bitcoin miner was "shareholder unfriendly" and highlighted the lack of solid corporate governance standards. nL4N3IA0S6
** German technology group Robert Bosch is open to public listings of certain divisions as it explores financing options for acquisitions, although not as a group or in its core business as an auto supplier, the company chief executive said. nL8N3IA0F3
** Italian energy company Eni ENI.MI said it had completed the sale of 10% of the share capital of oilfield group Saipem SPMI.MI at 1.970 euros per share for a total value of 393 million euros ($421.96 million). nL1N3IA042
** Media heiress Shari Redstone abruptly ended talks with David Ellison's Skydance Media on Tuesday, killing the potential sale of a controlling stake in Paramount Global PARA.O to the independent studio, sources familiar with the negotiations said. nL4N3I91KH
** National Bank of Canada NA.TO said on Tuesday it would buy Alberta-based rival Canadian Western Bank CWB.TO in a C$5 billion ($3.63 billion) deal combining the country's sixth- and eighth-largest lenders respectively and giving the Quebec-based bank coast-to-coast exposure. nL4N3I91N2
** Debt-laden French tech group Atos ATOS.PA said on Tuesday it has entered exclusive negotiations for selling its Worldgrid unit for an enterprise value of 270 million euros ($289.93 million) to engineering consulting group Alten LTEN.PA. nL4N3I91NP
** The family behind Badia Spices is exploring a sale of the Hispanic food company that could value it at over $1.2 billion, including debt, according to sources familiar with the matter. nL1N3I4244
(Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)
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