ReutersReuters

Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Commodity price and news specialist Fastmarkets has acquired Singapore-based Palm Oil Analytics, expanding its coverage of vegetable oil and biofuel markets, it said.

** Nissan 7201 and Renault RNO unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15% in Renault's electric vehicles unit Ampere.

** Australia's Recharge Industries was selected as the preferred bidder to buy Britishvolt, the collapsed UK startup which had struggled to fund a major electric vehicle battery factory in northern England.

** Top gold producer Newmont Corp NEM said it had made a $16.9 billion offer for Australian peer Newcrest Mining Ltd (NCM.AX) to build a global gold behemoth, although investors and analysts said it undervalued the target amid a leadership change.

** U.S. investor Sixth Street is among the firms preparing a bid for a part of the media and commercial rights to Germany's football league, the Financial Times reported, citing people familiar with the matter.

** Philippine conglomerate Metro Pacific Investments Corp (MPI.PS) is in talks to acquire a significant share stake in Axelum Resources Corp AAXLM, a manufacturer and exporter of coconut products, two sources with knowledge of the deal said.

** Public Storage PSA, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage Inc (LSI.N), ratcheting up attempts to buy its smaller rival after its earlier takeover attempts were rebuffed.

** South Korea's Dongwon Industries Co Ltd 0006040 in a regulatory filing said it is considering buying the local unit of U.S. fast-food chain McDonald's Corp MCD.

** Gina Rinehart-owned Hancock Energy said that its updated A$0.36 per share offer for Australia's Warrego Energy (WGO.AX), which valued the oil and gas explorer at A$440 million ($304 million) has received the minimum required 40% approval from Warrego shareholders.

** Australian copper and gold producer OZ Minerals (OZL.AX) said its A$9.6 billion ($6.61 billion) buyout by BHP Group BHP received approval from Brazilian competition regulator the Administrative Council for Economic Defence.

** Tenaris SA TEN said on Sunday that Benteler North America Corp has called off a previously announced agreement to sell 100% of its shares in its steel pipe business to the Luxembourg-based company.

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