(Adds: Blackbaud, Crescent Energy, Johnson & Johnson, Sabadell,...

(Adds: Blackbaud, Crescent Energy, Johnson & Johnson, Sabadell, Reliance Retail, Royal Mail, American International Updates:)

May 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1340 GMT on Thursday:

		** Blackbaud  BLKB.O  rejected a sweetened $4.3 billion 
takeover offer from Clearlake Capital Group, saying it 

significantly undervalued the cloud software provider.

		** Oil and gas producer Crescent Energy  CRGY.N  will 
acquire SilverBow Resources  SBOW.N  in a $2.1 billion deal, 

creating the second-largest operator in the Eagle Ford basin in Texas.

		** Johnson & Johnson  JNJ.N  said  it would acquire 
Proteologix for $850 million in cash, as it looks to gain access 

to the privately held company's experimental atopic dermatitis treatments.

		** The board of Spanish bank Sabadell  SABE.MC  rejected 
BBVA's takeover proposal as the impact on the capital ratio of 

the combined entity was likely to be higher than estimated by BBVA, CEO Cesar Gonzalez-Bueno said.

		** India's Reliance Retail entered a partnership to sell 
British online retailer ASOS'  ASOS.L  products in India, the 

Reliance Industries RELI.NS unit said.

		** Britain's business minister Kemi Badenoch will meet 
the chief executive of Royal Mail's parent company International 

Distributions Services IDSI.L to discuss a takeover offer, a spokesman for Prime Minister Rishi Sunak said.

		** U.S. insurer American International Group  AIG.N  
said  it would sell a 20% stake in Corebridge Financial  CRBG.N  

to Japan's Nippon Life Insurance for $3.8 billion.

** Anglo American AAL.L has suspended hiring globally, it said, as it gets plans underway to simplify itself and build value - and avert a $43 billion takeover bid by Australia's BHP (BHP) Group.

** Siemens SIEGn.DE will sell its Innomotics large motors and drives business for 3.5 billion euros ($3.81 billion) to KPS Capital Partners, the German engineering group said .

** Italy's Treasury sold a 2.8% stake in energy group Eni ENI.MI on Wednesday, pocketing around 1.4 billion euros ($1.52 billion) in its drive to raise cash to bolster the country's creaking public finances.

** Brookfield India Real Estate Trust (BIRET) BROF.NS has signed a binding agreement to acquire a 50% stake in four Bharti Enterprises properties for 60 billion rupees ($719 million), including debt, it said .

** Australia's Incitec Pivot (IPL) said it was in advanced talks with PT Pupuk Kalimantan Timur (Pupuk Kaltim) PUPUK.UL , Southeast Asia's biggest urea fertiliser maker, for the sale of its fertiliser business.

** Australia's competition regulator raised concerns on Louis Dreyfus' proposed A$138.6 million ($92.85 million) acquisition of Namoi Cotton (NAM) as both companies supply cotton ginning and cotton lint classing in the same country.

** New Zealand dairy giant Fonterra Co-operative (FCG) is planning a full or partial sale of its global consumer unit, its Fonterra Oceania unit and Sri Lankan business, looking to focus on its milk solids supply business, it said .

** Brazilian power company Auren AURE3.SA said on Wednesday it signed an agreement to buy the Brazilian operation of AES Corp AES.N in a stock and cash deal.