Deals of the day-Mergers and acquisitions

Adevinta ASA

21/11/2023 21:03

(Adds Blackstone)
       Nov 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Tuesday:
    
        ** A private equity consortium including Permira and
Blackstone  BX.N  on Tuesday said they plan to acquire
eBay-backed online classifieds group Adevinta ASA  ADEA.OL  for
about 141 billion Norwegian crowns ($13.1 billion), in one of
Europe's biggest buyouts this year.  urn:newsml:reuters.com:*:nL1N3CM1UM
  
        
  
    ** Broadcom  AVGO.O  said it planned to close its $69
billion acquisition of cloud computing firm VMWare  VMW.N  on
Wednesday, wrapping up one of the biggest takeover deals in the
technology industry that was closely scrutinized by regulators
globally.  urn:newsml:reuters.com:*:nL4N3CM2OS
    
    ** Italy attracted strong interest from funds when it sold
25% of Monte dei Paschi di Siena (MPS)  BMPS.MI  for 920 million
euros ($1 billion) on Monday, advancing plans to re-privatise
the world's oldest bank two years after a failed first
attempt. urn:newsml:reuters.com:*:nL1N3CM0B1
    
    ** EU antitrust regulators will decide by Dec. 22 whether to
clear Swedish private equity group EQT's 4.46 billion pound
($5.6 billion) takeover bid for British veterinary
pharmaceuticals maker Dechra Pharmaceuticals DPH.L, according to
a European Commission filing.  urn:newsml:reuters.com:*:nL1N3CM0W3
    
    ** Merck & Co  MRK.N  will acquire Caraway Therapeutics for
a total potential consideration of up to $610 million, the
companies said , to build on its treatment pipeline of nervous
system-related diseases.  urn:newsml:reuters.com:*:nL4N3CM2FG
    
    ** BeiGene  6160.HK  said  it would buy the global license
for a cancer therapy that is ready to enter early-stage trial
from U.S.-based biotech company Ensem Therapeutics.  urn:newsml:reuters.com:*:nL4N3CM2BT

    ** Telecoms and cable group Altice France said it had agreed
to partner with Morgan Stanley Infrastructure Partners with the
sale of a 70% majority stake in its data centre business, as the
group owned by French-Israeli billionaire Patrick Drahi aims to
cut debt.  urn:newsml:reuters.com:*:nL4N3CM20M

    ** South Africa's third-biggest telecom company, Telkom
 TKGJ.J , said that it is in exclusive negotiations with a
preferred bidder on the possible sale of its masts and towers
business, Swiftnet.  urn:newsml:reuters.com:*:nL1N3CM09Y
    
    ** Engineering consultant Jacobs Solutions Inc  J.N  said on
Monday it will spin off and merge its government consulting
businesses with rival contractor Amentum Services Inc and
receive $1 billion in cash proceeds at the closing of the deal.
 urn:newsml:reuters.com:*:nL4N3CM0UR
    
    ** OpenAI's board of directors approached rival Anthropic's
CEO about replacing chief Sam Altman and potentially merging the
two AI startups, according to two people briefed on the matter.
 urn:newsml:reuters.com:*:nL4N3CM0MT
        
    ** Chinese miner MMG Ltd's  1208.HK  share price jumped to a
near eight-week peak after it agreed to buy Canada-based Cuprous
Capital, the parent company of the Khoemacau copper mine in
Botswana, with an enterprise value of $1.88 billion.
 urn:newsml:reuters.com:*:nL4N3CL4GU

 (Compiled by Rajarshi Roy and Christy Santhosh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))