Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Infineum, BASF, Vinci Compass Investments, Deutsche Boerse, Gilead Sciences
Oct 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Thursday:
** The London Stock Exchange Group LSEG.L said it will buy credit data firm Octus for $3.54 billion, marking its biggest acquisition in seven years as it seeks to bolster its data and analytics offering in the face of AI-linked disruption. nL4N4680EL
** State-backed investor CDP Equity said it had agreed to acquire an 8.9% stake in 2i Aeroporti, Italy's largest airport network. Financial terms of the deal were not disclosed. nL8N4681KE
** German chemicals maker Evonik EVKn.DE, the target of takeover interest by larger peer BASF BASFn.DE, has itself been looking into the acquisition of a US rival, eyeing Ashland ASH.N in particular, Handelsblatt newspaper reported. nS8N432008
** UBS UBSG.S has acquired an approximately 4.8% stake in India's 360 One Wam ONEW.NS after converting warrants into shares, the Swiss bank said, marking another step in the companies' strategic partnership. nL4N4680GT
** Sweden's EQT EQTAB.ST will buy molecular testing company Qiagen QIA.DE for about €9.6 billion ($10.78 billion), the companies said on Wednesday, ending years of takeover speculation surrounding the Dutch firm. nL4N46720L
** Program administrator and MGA Integrated Specialty Coverages said on Wednesday it acquired USASIA, a California-based commercial wholesale brokerage, as it seeks to expand its product offerings and West Coast distribution capabilities. nL6N4670WU
** Infineum, a UK-based chemicals group backed by Shell SHEL.L, is exploring an $8 billion sale, the Financial Times reported, as the energy major tries to refocus on its core oil and gas operations. nL6N46811N
** BASF BASFn.DE said it would honour existing agreements to preserve jobs made by takeover target Evonik EVKn.DE in the event of an acquisition and warned that more painful takeover approaches from abroad were looming. nL6N4680Y0
** Vinci Compass Investments has agreed to acquire 100% of Latin American independent reinsurance platform Austral Resseguradora, with the announcement coming a week after Liberty Mutual said it will acquire surety provider Austral Seguradora. nL6N4681B2
** EU antitrust regulators will decide by November 27 whether to approve Deutsche Boerse's DB1Gn.DE €5.35 billion ($6 billion) acquisition of Amsterdam-listed fund trading platform Allfunds ALLFG.AS, a European Commission filing showed. nL6N46818O
** Gilead Sciences GILD.O said it will acquire PepStar Therapeutics' oral inflammation drug program, including an experimental bowel disease treatment, for $1.275 billion in cash. nL4N46825Z
(Compiled by Rajarshi Roy, Miraanta Lowrance and Pragyan Kalita in Bengaluru)