Mergers and Acquisitions: Latest Deals

Author: John Whitmore…

Mergers and Acquisitions: Latest Deals

Here are the key bids, mergers, acquisitions, and disposals reported as of December 10, 2024.

Qualcomm and ByteDance Deal

Qualcomm reached a deal with TikTok owner ByteDance to supply chips for AI data centers.

Indian Government to Sell Coal India Stake

The Indian government will sell up to a 2% stake in Coal India via an offer for sale.

Eli Lilly to Acquire Vaccine Developers

Eli Lilly will buy three vaccine developers in deals worth up to $3.8 billion.

Occidental Petroleum Buys Stake in Exxon Block

Occidental Petroleum is acquiring a 10% stake in Exxon Mobil's deepwater exploration block offshore Trinidad and Tobago.

CVC Sells Naturgy Stake

Private equity fund CVC Capital Partners sold its entire 13.8% stake in Spanish energy company Naturgy for around €4 billion.

Northern Oil and Gas Acquires Parallax Stake

Northern Oil and Gas will buy a 25% stake in Parallax Energy's light-oil assets in Canada's Duvernay shale for about C$350 million.

Ecopetrol Launches Tender for Brava Energia

Colombia's state oil company Ecopetrol launched a tender offer to acquire control of Brazilian energy firm Brava Energia.

Jardine Matheson Buys I-MED Radiology Network

Jardine Matheson agreed to buy Australian medical imaging provider I-MED Radiology Network for A$3.4 billion.

Impacted Symbols

Symbols affected by this headline and their sentiment signals

XOMNeutral

Exxon Mobil Corporation

Occidental Petroleum is acquiring a 10% stake in a block of Exxon Mobil; this is a small transaction for Exxon Mobil and does not significantly affect its overall value.

Impact score30%

BRAV3Positive

Ecopetrol launched a tender offer to acquire control of Brava Energia; this could increase the value of Brava Energia shares and is a positive development for the company.

Impact score85%

QCOMPositive

QUALCOMM Incorporated

Qualcomm reached a deal with ByteDance to supply chips for AI data centers; this strengthens Qualcomm's presence in the AI market and increases its revenue potential.

Impact score75%

LLYPositive

Eli Lilly and Company

Eli Lilly is buying three vaccine developers for $3.8 billion, entering infectious disease prevention; this diversifies the company's portfolio and increases growth potential.

Impact score80%

OXYPositive

Occidental Petroleum Corporation

Occidental Petroleum is acquiring a 10% stake in Exxon Mobil's deepwater exploration block offshore Trinidad and Tobago; this expands OXY's asset base and increases production potential.

Impact score70%

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