Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Global asset manager Rithm Capital said it had agreed to acquire real estate investment trust Paramount Group for $1.6 billion in cash, betting on a rebound in office real estate.

** The Abu Dhabi National Oil Company (ADNOC) international investment arm XRG said that an investor group it was leading had withdrawn an indicative $18.7 billion offer to buy Australian gas producer Santos .

** The banking arm of Sumitomo Mitsui Financial Group <8316.T> has agreed to buy an additional 4.2% stake in India's Yes Bank from an affiliate of Carlyle Group for 51 billion yen ($349 million), it said.

** Global investment firm KKR has acquired Japan-based insurance distributor Hoken Minaoshi Hompo Group from investment fund Advantage Partners, the companies said on Tuesday.

** Commodity trader and investment company ResInvest Group said it is in talks to buy Datteln 4, the 1-gigawatt coal-fired power plant Uniper must sell as part of the German utility's government rescue in 2022.

** U.S. drugmaker Bristol Myers Squibb said on Tuesday it has signed an agreement to sell its 60% ownership stake in a pharmaceutical joint venture in China.

** Activist investor Elliott Management said on Tuesday it has built a stake of more than $2 billion in human resources software provider Workday , while voicing support for the company's leadership.