Deals of the day-Mergers and acquisitions

Cosmo Energy Holdings Co

04/12/2023 15:46

(Adds Eli Lilly, Saudi Arabia's PIF; updates Hawaiian Holdings,
Roche)
       Dec 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1530 GMT on Monday:

        ** Eli Lilly  LLY.N  again extended its deadline for
Point Biopharma Global  PNT.O  shareholders to sell their shares
to the drugmaker, following low participation amid investor
concerns that the offer price was low.  urn:newsml:reuters.com:*:nL4N3CZ2F6
  
    
        ** Shares of Hawaiian Holdings  HA.O , the parent of
Hawaiian Airlines, nearly tripled in premarket trade after
Alaska Air Group  ALK.N  agreed to acquire it for $1.9 billion,
including debt.  urn:newsml:reuters.com:*:nL4N3CZ29N
  

        ** Roche  ROG.S  agreed to take over unlisted obesity
drug developer Carmot Therapeutics  CRMO.O  for $2.7 billion
upfront, joining a list of contestants seeking to challenge the
dominant makers of weight-loss drugs Novo Nordisk and Eli
Lilly. urn:newsml:reuters.com:*:nL8N3CZ0R1
  
        
  
        ** Saudi Arabia's PIF sovereign wealth fund will buy a
49% stake in luxury hotel group Rocco Forte Hotels and help to
support its expansion, the owner of Britain's Balmoral hotel
said.  urn:newsml:reuters.com:*:nL4N3CZ1KL
  
    
    ** Aspen Pharmacare  APNJ.J  is expanding further into China
through a deal to buy the Chinese business of Swiss group Sandoz
 SDZ.S  for up to 92.6 million euros ($100.6 million), the South
African company said.  urn:newsml:reuters.com:*:nL1N3CZ0D7
    
    ** Japan's Cosmo Energy  5021.T  said it took a positive
view on a stake purchase by gas company Iwatani Corp  8088.T .
 urn:newsml:reuters.com:*:nL4N3CZ21F    
        
    ** Brookfield will walk away from Origin Energy  ORG.AX , a
source familiar with the matter said, after shareholders in
Australia's largest power retailer rejected a $10.6 billion
takeover bid by a consortium led by the asset manager.
 urn:newsml:reuters.com:*:nL1N3CZ05D

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