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Deals of the day-Mergers and acquisitions

Thu 29th October, 2020 7:59pm
Oct 29 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
    ** Bulgaria's competition regulator has given the nod to
insurance and financial group Eurohold  4EH.BB  to acquire Czech
utility CEZ's  CEZP.PR  Bulgarian assets for 335 million euros
($395.94 million), Eurohold said in a statement.*:nL1N2HK2S6
    ** Russia's Sberbank  SBER.MM  said it now has a 100% stake
in media company Rambler Group after acquiring a 45% stake from
businessman Alexander Mamut.*:nR4N2G603R
    ** Siemens  SIEGn.DE  has agreed to sell Flender to U.S.
buyout group Carlyle Group  CG.O  in a deal valuing the
mechanical drives business at 2.025 billion euros ($2.39
billion), the German engineering group said.*:nL8N2HK66U
    ** Chip supplier Marvell Technology Group Ltd  MRVL.O  said
it has agreed to buy peer Inphi Corp  IPHI.N  in a $10 billion
cash-and-stock deal aimed at broadening Marvell's footprint in
data centers and 5G network infrastructure.*:nL1N2HK08R
    ** Israeli crop protection firm ADAMA Ltd  000553.SZ  said
it will acquire a majority stake in Jiangsu Huifeng Bio
Agriculture Co's  002496.SZ  crop protection plants for about
$175 million.*:nL8N2HK3QM
    ** France's LVMH  LVMH.PA  will pay slightly less to acquire
U.S. jeweler Tiffany & Co  TIF.N  after the two companies agreed
to end a bitter dispute triggered by the COVID-19 pandemic and
salvage the luxury sector's biggest-ever deal. The new takeover
price was set at $131.5 a share, down from $135 in the original
deal, the companies said, bringing the total price tag to about
$15.8 billion.*:nL8N2HK2RQ
    ** Swiss drugmaker Novartis  NOVN.S  is buying U.S.
biotechnology company Vedere Bio, hoping gene therapy technology
that has helped blind mice to see will produce similar results
in people with inherited conditions that cause them to lose
their sight. Novartis is paying $150 million upfront, with the
remainder in milestone payments for a total of $280 million*:nL1N2HK0HT
    ** Danish wind turbine maker Vestas  VWS.CO  said it had
agreed to buy Mitsubishi Heavy Industries'  7011.T  50% share in
their offshore joint venture MHI Vestas for 709 million euros
($838 million).*:nL1N2HK0H0

 (Compiled by Vishwadha Chander in Bengaluru)
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+1-646-223-8780; outside U.S. +91 80 6749 2830))
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