Deals of the day-Mergers and acquisitions

Reuters
4 hours ago
Deals of the day-Mergers and acquisitions

Feb 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

** Nestle <NESN.S> is in talks to sell its remaining ice cream businesses as part of CEO Philipp Navratil's drive to streamline the sprawling Swiss consumer food group, the company said at its fourth-quarter results.

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** EBay Inc <EBAY.O> forecast first-quarter revenue above Wall Street estimates on Wednesday and announced the acquisition of fashion marketplace Depop from Etsy <ETSY.N> for nearly $1.2 billion, sending its shares up more than 7% in extended trading.

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** India's state-run Bharat Petroleum Corp <BPCL.NS> has made its first-ever purchase of Venezuelan oil, and private refiner HPCL Mittal Energy Ltd (HMEL) has bought the South American country's crude for the first time in two years, three sources familiar with the trade said on Wednesday.

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** A Goldman Sachs-backed management buyout offer for Japanese digital printing firm Raksul 4384.T has been lifted by 11% after investor criticism of the deal, and the tender offer period is now set to run to March 9.

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** Kinetik Holdings KNTK.N, a pipeline operator in the Delaware Basin, is considering a sale following an approach from Western Midstream Partners WES.N, the Financial Times reported on Wednesday, citing people familiar with the matter.

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(Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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