Deals of the day-Mergers and acquisitions
Adds NHOA, International Resources Holding, Volkswagen and John Wood Group
July 3 (Reuters -The following bids, mergers, acquisitions and disposals were reported by 1700 GMT on Wednesday:
** Dubai-based engineering and consulting firm Sidara has sought the extension of a deadline to make a firm offer for UK's John Wood Group WG.L to July 31, after being rejected thrice earlier. nL4N3IV13V
** The UAE's International Resources Holding has withdrawn a bid to buy a stake in Vedanta Resources Ltd's VDAN.NS Zambian copper mines, it said, after talks collapsed because of a failure to agree on the assets' value. nL1N3IV091
** Germany's cabinet blocked the planned sale of the gas turbine business of Volkswagen VOWG_p.DE unit MAN Energy Solutions to a Chinese company, with ministers citing security reasons. nL8N3IV0UQ
** Italian energy storage company NHOA NHOA.PA is under government scrutiny after its leading shareholder Taiwan Cement Corp announced a buyout offer to take the Paris-listed company private, two sources close to the matter told Reuters.nL8N3IB15D
** Quest Diagnostics DGX.N said it would acquire Canada-based LifeLabs from pension plan owner OMERS for about C$1.35 billion, or about $985 million, including net debt. nL4N3IV0VJ
** Lufthansa LHAG.DE won EU antitrust approval to buy 41% of ITA Airways for 325 million euros ($350 million) after ceding routes and slots, with the news boosting rival IAG's shares and hopes for its takeover of Air Europa. nL8N3IV0HA
** Germany's cabinet blocked the planned sale of Volkswagen VOWG_p.DE subsidiary MAN Energy Solutions' gas turbine division to a Chinese company, two government sources said. nL8N3IV0H4
** India-based crypto exchange CoinDCX COIN.NS has acquired Middle East-focused crypto platform BitOasis, the two companies said in a joint statement. nL1N3IV0BK
** A joint venture between Trafigura and the Frontier Group of Companies (FGC) has completed its acquisition of the Mountain Creek power plant from a group of financial investors for an undisclosed sum, Trafigura said in a press release. nFWN3IU1IB
** British drugmaker GSK GSK.L bought partner CureVac out of their alliance on influenza and COVID-19 vaccine development, boosting its messenger RNA credentials and extending the German biotech company's financial lifeline. nL4N3IV0F1
** U.S. asset management company Artisan Investments has taken a 10.01% stake in the Dutch healthcare technology group Philips PHG.AS, according to a regulatory filing published. nS8N3HV0NW
** Dublin-based video game services group Keywords Studios KWS.L has agreed to a bid worth 2.2 billion pounds ($2.8 billion) from European private equity firm EQT EQTAB.ST, saying it saw significant growth opportunities under EQT's ownership. nL4N3IV0FB
** Nippon Steel's 5401.T vice chairman plans to return to the United States next week again to discuss its proposed acquisition of U.S. Steel X.N, a company spokesperson said. nL1N3IV04I
** Shari Redstone's National Amusements has reached a preliminary deal to sell its controlling interest in Paramount Global PARA.O to David Ellison's Skydance Media, three sources familiar with the matter told Reuters on Tuesday. nL4N3IU1NV
** Blackstone BX.N and MBK Partners said the U.S. private equity firm is selling Japanese drugmaker Alinamin Pharmaceutical to the North Asian buyout fund. nL4N3IV00Q
** Vista Outdoor VSTO.N confirmed on Tuesday it received additional information from MNC Capital as part of the investment firm's efforts to acquire the sporting and outdoor goods maker. nL4N3IU1L5
(Compiled by Rajarshi Roy, Sneha S K and Priyanka.G in Bengaluru)
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