Deals of the day-Mergers and acquisitions

Johnson & Johnson

Today 14:57

Adds: BASF, Valencia CF, MMG, Malteurop
Oct 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
     
** Spanish soccer club Valencia CF said an investment group backed by KKR co-founders George Roberts and Henry Kravis would buy a 42% stake in the club in a deal valuing it at €1.25 billion ($1.4 billion) including debt. nL1N4690JL
     
** BASF BASFn.DE has increased its takeover offer for German chemicals manufacturer Evonik Industries EVKn.DE to €24 per share and given guarantees on jobs and production sites, a person close to the deal told Reuters. nL4N469106

** Hong Kong-listed mining and metals company MMG 1208.HK offered on Friday to guarantee the supply of ferronickel to European stainless steel producers, in an effort to address EU antitrust concerns over its $500 million bid for Anglo American's AAL.L Brazilian nickel business. nL6N4690U4
     
** Malteurop, one of the world's largest producers of beer ingredient malt, has acquired Chunlei Malting Co to expand its capacity in China, the French company said. nL8N4690TG
     
** Smith & Nephew's SN.L talks with Johnson & Johnson JNJ.N to combine with the US group's orthopaedics division fell apart after the London-listed group refused to agree to its former CEO leading the merged business, the Financial Times reported , citing people familiar with the matter. nL6N4690EV

** Gilead Sciences GILD.O said on Thursday it will acquire PepStar Therapeutics' oral inflammation drug program, including an experimental bowel disease treatment, for $1.275 billion in cash upfront. nL4N46825Z

 (Compiled by Rajarshi Roy and Miraanta Lowrance in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))