Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 20:00 GMT on Monday:

** Toronto-listed miner Gold Reserve GRZ accused firms advising a U.S. court on the auction of Citgo Petroleum's parent of receiving some $170 million in fees from a bidder that was recommended as the winner of the process and parties that would obtain proceeds as a result.

** Brazilian state-run lender BRB BSLI3 has given up on its pursuit of distressed peer Banco Master, two people familiar with the matter told Reuters.

** Gucci owner Kering KER has agreed to sell its beauty business to L'Oreal OR for 4 billion euros ($4.7 billion), the first major gambit by new CEO Luca de Meo as he stamps his mark on the luxury group and cuts back its debt pile.

** French IT group Atos ATO reported a sharp drop in quarterly revenue, owing to key contract losses, and said it would only target acquisitions from 2026.

** Taiwan's Yageo 2327 has completed a tender offer for Japan's Shibaura Electronics 6957 with an 87.3% acceptance rate, the electronic components maker said.

** Dye & Durham's DND second-largest shareholder Plantro withdrew its proposal to acquire the Canadian legal software maker and may reduce or exit its holdings, citing deteriorating financial results and a lack of board engagement.

** Pan-European exchange operator Euronext ENX said it remained committed to transforming the Athens Stock Exchange into a financial gateway for southeastern Europe, but ruled out raising its offer to acquire the Greek bourse.

** Global events company MARI said it has acquired TodayTix Group (TTG), getting access to its platforms that sell tickets for live performances ranging from operas in New York to plays by London's Royal Shakespeare Company.

** Holcim <HOLN.S> said it will buy German walling systems maker Xella for 1.85 billion euros ($2.16 billion), a move aimed at tapping the growing European building refurbishment market.

** Activist investor Jana Partners has built a stake in medical device maker Cooper Companies <COO.O> and plans to push for strategic alternatives, two sources familiar with the matter said on Sunday.

** Australia's Larvotto Resources <LRV.AX> said it had received a non-binding indicative offer from United States Antimony Corporation (USAC), valuing the miner at about A$722.9 million ($469.88 million).

** Middle Eastern bank Emirates NBD <ENBD.DU> will buy a 60% stake in Indian private lender RBL Bank <RATB.NS> for $3 billion, in the largest cross-border acquisition in India's financial sector.