Deals of the day-Mergers and acquisitions
SPY•Mergers and acquisitions reported by 1330 GMT
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
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Hong Kong-listed Guotai Junan International said it received a conditional take-private proposal from Guotai Haitong Securities, as the parent firm looks to streamline international operations following last year's mega-merger.
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Kurdistan-focused Genel Energy has rejected Norwegian oil firm DNO's £202 million ($271.8 million) takeover bid, it said, as it fundamentally undervalued the London-listed company.
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Dream Finders Homes said it would acquire peer Beazer Homes in an all-cash deal worth about $2.2 billion, including debt, as it looks to scale up and become the sixth-largest U.S. homebuilder in a challenging housing market.
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Israel-based Ratio Petroleum Energy raised its takeover bid for Pharos Energy to about £146.4 million ($196.97 million), outbidding rival oil producer Serica Energy and winning back the board's recommendation.
