Deals of the day-Mergers and acquisitions

Believe SA

12/02/2024 14:57

(Adds: Gilead Sciences, Martin Marietta, Diamondback Energy)
       Feb 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:

        ** U.S. drugmaker Gilead Sciences  GILD.O  agreed to
acquire CymaBay Therapeutics  CBAY.O  for $4.3 billion, adding a
treatment for chronic liver disease to its portfolio.
  
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        ** Building material supplier Martin Marietta  MLM.N 
said  it would acquire 20 active aggregates operations of Blue
Water Industries for $2.05 billion in cash.
  
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        ** Shale producer Diamondback Energy  FANG.O  said it
would buy the largest privately held oil and gas producer in the
Permian Basin, Endeavor Energy Partners, in a cash-and-stock
deal valued at about $26 billion, including debt.
  
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    ** Glencore Plc  GLEN.L  said it will sell its stake in
Koniambo Nickel SAS (KNS) in New Caledonia and that production
at KNS's processing plant will be put on hold for six months
while a new investor is sought for the loss-making business.
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    ** Shares in Tod's  TOD.MI  failed to start trading at open,
and were indicated up around 16.6%, after private equity firm L
Catterton said it would launch a tender offer to buy 36% of the
luxury shoemaker at 43 euros per share.
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    ** UK real estate investment trust Tritax Big Box  BBOXT.L 
has reached an agreement for a possible all-share offer for
rival UK Commercial Property REIT Ltd (UKCM)  UKCM.L  valued at
924 million pounds ($1.17 billion), the companies said.
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    ** Oasis Management, a Hong Kong-based activist fund, said
it is opposed to Taisho Pharmaceutical's  4581.T  $5 billion
management buyout as it believes the acquisition price was too
low.
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    ** French digital music company Believe  BLV.PA  said it had
received a 15 euros per share offer from a consortium made up of
some of its largest shareholders to take over the company, in a
deal valuing it at around 1.52 billion euros ($1.64 billion).
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    ** Dutch insurer Achmea is weighing the sale of its life
insurance division, Dutch financial daily FD reported, citing
sources.
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    ** Italy's Moratti family has agreed to sell 35% of oil
refiner Saras  SRS.MI  to global commodity trader Vitol at 1.75
euros per share, valuing the entire group 1.7 billion euros, it
said in a statement.
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 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))