Deals of the day-Mergers and acquisitions

ASMPT

14/10/2024 21:13

(Adds Cycle Pharmaceuticals, Legendary Entertainment,
Stellantis; Updates B. Riley, H Lundbeck,)
       Oct 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday:
    
    **  Stellantis  STLAM.MI  is not seeking to merge with or to
buy other players, John Elkann, chairman of the French-Italian
automaker, told news agency AFP, amid recent rumours of a tie-up
with French competitor Renault  RENA.PA .
     urn:newsml:reuters.com:*:nL1N3LQ0XV
        
  
    **  Legendary Entertainment on Monday said it had completed
a buyout of Chinese conglomerate Dalian Wanda Group's remaining
stake in the movie studio and will be wholly owned by Apollo
Global  APO.N 
         urn:newsml:reuters.com:*:nL4N3LQ18H
  

    ** H Lundbeck A/S  HLUNb.CO  has agreed to buy U.S.-based
Longboard Pharmaceuticals  LBPH.O  for $2.6 billion, marking the
biggest deal ever by the Danish drugmaker as it seeks to bolster
its portfolio with a potential blockbuster epilepsy drug.
         urn:newsml:reuters.com:*:nL4N3LQ0ON
  
        
  
        ** UK-based Cycle Pharmaceuticals reaffirmed its offer
to buy Vanda Pharmaceuticals  VNDA.O  in a deal that values the
U.S. drugmaker at $488 million, despite a regulatory setback for
its stomach condition drug in September.
  
         urn:newsml:reuters.com:*:nL4N3LQ0Y8
  
        
  
        ** B. Riley  RILY.O  on Monday agreed to sell its Great
American unit, which helps companies determine the value of
their assets, to investment firm Oaktree Capital in a $386
million deal that would pare its debt and bolster the balance
sheet.
  
         urn:newsml:reuters.com:*:nL1N3LQ09W
  
        
  
        ** Hong Kong-listed chip equipment maker ASMPT  0522.HK 
said 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 and Neil J Kanatt in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))