Picture of Bridgepoint logo

BPT Bridgepoint News Story

0.000.00%
gb flag iconLast trade - 00:00
FinancialsAdventurousMid CapFalling Star

Deals of the day-Mergers and acquisitions

Adds: Shell, Critical Metals, Thermo Fisher Scientific,  Eli Lilly, Ligand Pharmaceuticals, Bridgepoint Updates: Sun Pharmaceutical Industries

April 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1800 GMT on Monday:

** Shell  has agreed to buy Canadian energy company ARC Resources  in a deal valued at $16.4 billion, including debt, which the British oil and gas major said on Monday would boost its output by 370,000 barrels of oil equivalent per day.

nL6N41A0R9

** Critical Metals  said it would acquire all outstanding shares of European Lithium  in an about $835 million deal, giving the U.S.-based miner full ownership of Greenland's Tanbreez rare earth project.

nL4N41A17H

** Medical equipment maker Thermo Fisher Scientific  said it would sell its microbiology business to private equity firm Astorg for about $1.08 billion.

nL4N41A144

** Eli Lilly  said it would buy privately held cancer drug developer Ajax Therapeutics for up to $2.3 billion in cash, as the U.S. drugmaker looks to expand its oncology pipeline.

nL4N41A0VF

** Ligand Pharmaceuticals  will buy fellow biotechnology royalty aggregator XOMA Royalty  for about $739 million in cash, the companies said.

nL4N41A11K

** Higginbotham has acquired Montgomery, Alabama-based Harmon Dennis Bradshaw (HDB), the U.S. insurance broker announced on April 16.

nL6N41A0GR

** Sun Pharmaceutical Industries  will buy U.S. drugmaker Organon & Co  in an all-cash deal valued at about $11.75 billion including debt, for the largest overseas acquisition by an Indian pharmaceutical company.

nL6N41A01R

** Bridgepoint  said it has agreed to buy a majority stake in Germany's iC Consult from Carlyle  in a deal that increases the British investment firm's exposure to cybersecurity services.

nL8N41A0EF

** Swedish property-focused investment platform NestFrame has agreed to buy Stockholm-based company CoLive - which manages properties where people share the same living space - for an undisclosed sum, the companies said .

nL6N41A0HF

** Forvia  will sell its car interiors business to Apollo Funds  for 1.82 billion euros ($2.13 billion) to cut its debt pile, the French auto parts supplier said , sending its shares rising 3.5% in early trading.

nL6N41A0C0

**  IFM Global Infrastructure Fund announced a takeover offer for all the shares it does not currently own in Australia's Atlas Arteria  , valuing the toll road operator at A$6.89 billion ($4.92 billion).

nL1N41907D

 (Compiled by Rajarshi Roy and Koyena Das in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))

Recent news on Bridgepoint

See all news