Deals of the day-Mergers and acquisitions

Cidara Therapeutics

14/11/2025 14:40

Adds: RedBird Capital Partners  Updates:  Merck

Nov 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** U.S.-based private investment firm RedBird Capital Partners pulled out of a 500-million-pound ($671-million) bid for Britain's Telegraph Media Group, the latest twist in a two-and-a-half year saga at one of Britain's biggest newspapers.

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** Merck  will acquire Cidara Therapeutics  in a nearly $9.2 billion deal, gaining access to an experimental drug for flu prevention in its effort to diversify ahead of patent loss for its blockbuster cancer drug Keytruda.

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** Pan-European stock exchange operator Euronext ENX.PA said its tender offer for 100% of Hellenic Exchanges EXCr.AT — the operator of the Athens bourse — had become unconditional, following an approval from the Greek market regulator. nL1N3WQ09G

 (Compiled by Rajarshi Roy and Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))