Deals of the day-Mergers and acquisitions

COGECO

12/12/2023 10:36

Dec 12 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:

    ** AstraZeneca  AZN.L  said it had agreed to buy respiratory
syncytial virus (RSV) vaccine developer Icosavax  ICVX.O  in a
deal valued at up to $1.1 billion.
     urn:newsml:reuters.com:*:nL4N3D71J2
    
    ** Illumina  ILMN.O  slammed EU antitrust regulators for
over-extending their powers when they scrutinised the U.S. life
sciences company's $7.1 billion for Grail  GRAL.O  even though
the deal was outside the scope of EU merger rules.
     urn:newsml:reuters.com:*:nL8N3D668Z
    
    ** Two Southeast Asian paper makers, Royal Golden Eagle
(RGE) and Asia Pulp & Paper (APP), have emerged as final bidders
for Swedish tissue maker Essity's  ESSITYa.ST  52% stake in Hong
Kong-listed Vinda International  3331.HK , three people with
direct knowledge of the matter said.
     urn:newsml:reuters.com:*:nL1N3D70N5
    
    ** French carmaker Renault  RENA.PA  will sell a 5% stake in
Nissan  7201.T , the first stage of a planned disposal of its
holding in the Japanese carmaker as part of a wider rebalancing
of the two companies' long-standing alliance, Renault said.
     urn:newsml:reuters.com:*:nL8N3D71Q4
    
    ** Private equity funds Bain Capital and Cinven are
considering making an offer for Spanish defence company Indra's
 IDR.MC  tech unit Minsait, news website El Confidencial
reported, citing unidentified sources close to the process.
     urn:newsml:reuters.com:*:nL1N3D70M9

    ** Japanese civil engineering group Infroneer Holdings
 5076.T  said  it would buy Japan Wind Development from Bain
Capital for about $1.4 billion - an acquistion that will expand
its renewable energy business.
     urn:newsml:reuters.com:*:nL4N3D63ZT
    
    ** State-backed Japan Investment Corp will join hands with
Dai Nippon Printing  7912.T  and Mitsui Chemicals  4183.T  to
buy out Shinko Electric Industries  6967.T  for more than 800
billion yen ($5.5 billion), Bloomberg News reported.
     urn:newsml:reuters.com:*:nL1N3D70EE
    
    ** South Korea's Mirae Asset Securities  006800.KS   said it
would acquire French bank BNP Paribas'  BNPP.PA  Indian retail
brokerage unit, Sharekhan, in a 487 billion won ($370.11
million) deal.
     urn:newsml:reuters.com:*:nL4N3D70T9
    
    ** Reliance Industries  RELI.NS , India's most valuable
company, and Walt Disney Co  DIS.N  are finalising details of a
non-binding term sheet to merge their Indian media operations,
the Economic Times reported  citing executives involved in the
deal.
     urn:newsml:reuters.com:*:nL4N3D70OH
    
    ** Rogers Communications  RCIb.TO  announced on Monday it
has sold all of its shares in Cogeco  CGO.TO  and Cogeco
Communications  CCA.TO  to Canada's second-largest pension fund
Caisse de dépôt et placement du Québec (CDPQ) in a private deal
for C$829 million ($610.68 million).
     urn:newsml:reuters.com:*:nL4N3D6483

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))