Deals of the day-Mergers and acquisitions

Axonics

04/04/2024 14:59

(Adds: International Paper, Boston Scientific, Theramex,
Alphabet Updates:)
       April 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on
Thursday:
    
    ** Google parent Alphabet  GOOGL.O  has been talking to its
advisers about the possibility of making an offer for HubSpot
 HUBS.N , an online marketing software company with a market
value of $32 billion, people familiar with the matter said.
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        ** International Paper  IP.N  said it would seek a
secondary London listing if it buys British paper and packaging
peer DS Smith  SMDS.L  and the combination could deliver at
least $514 million of pre-tax cost savings on an annual basis.
  
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        ** Boston Scientific  BSX.N  said the U.S. Federal Trade
Commission (FTC) has requested additional information from the
medical device maker related to its $3.7 billion deal to buy
Axonics  AXNX.O .
  
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        ** Britain's competition watchdog said Theramex's
purchase of European rights to two of Viatris'  VTRS.O  women's
healthcare products ranges could lead to higher prices and fewer
options for hormone replacement therapies (HRT).
  
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    ** Japan's Mitsui & Co  8031.T  said it had teamed up with
Rohto Pharmaceutical Co  4527.T  to buy Eu Yan Sang
International in a deal valuing the Singapore-based traditional
Chinese medicines firm at S$800 million ($594 million).
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    ** Britain's antitrust watchdog said that Spreadex's
completed acquisition of sports betting rival Sporting Index's
consumer-facing arm raised competition concerns and gave them
time for a solution before it deepened its investigation.
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    ** Former Gucci chief executive Marco Bizzarri said he would
invest in Italian fashion brand Elisabetta Franchi, taking a
stake up to 23% of the company.
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    ** Applus' board of directors has issued a favourable
opinion on the takeover bids launched by funds Apollo and Amber,
but prefer the latter as the offer price is higher, the Spanish
company said in a filing with stock market regulator CNMV.
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    ** Russian steelmaker Severstal  CHMF.MM  has bought the
distribution business of metals trader A Grupp, Severstal said 
without disclosing the size of the deal.
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    ** Members of Paramount Global's  PARA.O  board agreed on
Wednesday to enter into exclusive merger talks with Skydance
Media, favoring the independent studio over a $26 billion offer
from private equity firm Apollo Global Management  APO.N , a
person familiar with the matter said.
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    ** Britain's competition regulator said it would need to
open an in-depth investigation into the merger between
Vodafone's  VOD.L  UK operation and Hutchison's  0001.HK  Three
UK after the parties did not offer remedies to ease the
regulator's competition concerns.
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    ** Australian insurer Suncorp Group  SUN.AX  said it would
sell its New Zealand life insurance business to Resolution Life
for NZ$410 million ($246.53 million), sending its shares to a
more than 16-year high.
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    ** Mexican broadcaster Televisa  TLEVISACPO.MX  said on
Wednesday it reached an agreement with AT&T for its stake in
satellite TV unit Sky Mexico, giving Televisa full control of
the firm.
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    ** The ethics adviser to Norway's $1.6 trillion
sovereign-wealth fund is assessing whether to recommend the
investor to divest its multi-billion dollar stake in mining
giant Rio Tinto  RIO.AX  for environmental concerns, the Wall
Street Journal reported on Wednesday, citing people familiar
with the matter.
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 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))