Deals of the day-Mergers and acquisitions

ASMPT

14/10/2024 14:44

(Adds: H Lundbeck A/S, ASMPT, Catalent, InPost Updates: B.
Riley, Young Poong, Hanwha Group)
       Oct 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Monday:

        ** B. Riley  RILY.O  has agreed to sell its appraisal
and valuation services unit, Great American, to asset manager
Oaktree Capital in a $386 million deal that would help pare its
debt and bolster the balance sheet, the investment bank said.
  
         urn:newsml:reuters.com:*:nL1N3LQ09W
  
        
  
        ** H Lundbeck A/S  HLUNb.CO  has agreed to buy Longboard
Pharmaceuticals  LBPH.O  in a $2.6 billion deal to gain access
to its potential blockbuster epilepsy drug, sending shares of
the U.S.-based company up 43.9% in premarket trading.
  
         urn:newsml:reuters.com:*:nL4N3LQ0ON
  
        
  
        ** Hong Kong-listed chip equipment maker ASMPT  0522.HK 
said that it has received a takeover bid, but did not name the
potential acquirer nor give any financial details.
  
         urn:newsml:reuters.com:*:nL4N3LQ0PJ    
  
        
  
        ** Catalent  CTLT.N  has agreed to sell its oral drug
development and small-scale manufacturing facility in Somerset,
New Jersey to private contract drug manufacturer Ardena, the
companies said.
  
         urn:newsml:reuters.com:*:nL4N3LQ0MI
  
        
  
        ** Private equity firm MBK and Young Poong  000670.KS 
have secured a more than 5% stake in Korea Zinc  010130.KS 
through a tender offer that closed, Young Poong said in a
regulatory filing.
  
         urn:newsml:reuters.com:*:nL1N3LQ085
  
        
  
        ** Parcel locker company InPost  INPST.AS  is in "very
advanced talks" to buy the 70% stake it does not already own in
British logistics firm Menzies, Sky News reported.
  
         urn:newsml:reuters.com:*:nL8N3LQ0JJ
  
        
  
        ** South Korean conglomerate Hanwha Group raised its
offer for the remaining stake it does not already own in
Singapore's Dyna-Mac  DMHL.SI , valuing the offshore oil and gas
contractor at S$790.6 million ($605.41 million).
  
         urn:newsml:reuters.com:*:nL4N3LQ0GS
  

    ** Singapore will block a bid by German insurer Allianz
 ALVG.DE  to buy a majority stake in Singapore's Income
Insurance but remains open to a new deal if its concerns can be
addressed, Prime Minister Lawrence Wong said in a Facebook post.
 urn:newsml:reuters.com:*:nL1N3LQ06I
    
    ** British luxury brand Mulberry  MUL.L  said it is working
with advisers to evaluate Frasers'  FRAS.L  sweetened 111
million pound ($145.1 million) takeover proposal, after its top
investor Challice declined to sell shares to the sportswear
retailer.  urn:newsml:reuters.com:*:nL4N3LQ0BX

 (Compiled by Rajarshi Roy in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))