Deals of the day-Mergers and acquisitions

Reuters SG
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May 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** An international bidding war has deepened for Australia's Namoi Cotton with Singapore's Olam Agri Holdings lobbing an A$136.6 million ($89.13 million) takeover offer that trumps a Dutch-led bid made this week.

** Shares in Spain's Sabadell jumped around 8% in early trading after it received a merger proposal from its bigger rival BBVA.

** Raiffeisen Bank International's (RBI) acquisition of a stake in construction firm Strabag linked to a Russian tycoon remains under careful assessment for any compliance risk, the biggest Western bank in Russia said.

** Britain's Co-Op Bank said talks for its takeover by Coventry Building Society were "well advanced" and its multi-year revamp was now materially complete, after reporting first quarter financial performance in line with expectations.

** Abu Dhabi-based Emirates Telecommunications (e&) said it has not entered into any negotiation or agreement to acquire European cable and pay TV operator United Group, following media reports of a potential bid.

** Swiss telecoms group Swisscom said its takeover of Vodafone Italia is on track and expected to be completed in the first quarter of 2025.

** Exxon Mobil Corp is set to close its $60 billion acquisition of Pioneer Natural Resources after an agreement with antitrust enforcers that will keep former Pioneer CEO Scott Sheffield off its board, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. (Compiled by Rajarshi Roy in Bengaluru)