Deals of the day-Mergers and acquisitions

King International Investment

13/01/2025 21:08

(Adds:  Plains All American Pipeline, Cleveland-Cliffs ,
Crumbl, Moody's Corporation, T-Mobile, Call Your Mother Deli,
Eli Lilly, Kinder Morgan, Johnson & Johnson, Public Investment
Fund, Clearwater Analytics, Pershing Square, Norsk Hydro, Life
Healthcare, Truveta)
       Jan 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2045 GMT on Monday: 
  
    
    ** U.S. integrated midstream infrastructure company Plains
All American Pipeline  PAA.O  is set to price a $1 billion
investment-grade bond offering, the year's first to finance an
acquisition.  urn:newsml:reuters.com:*:nL1N3O90UD    
    
    ** Cleveland-Cliffs  CLF.N  is partnering with peer Nucor
 NUE.N  to prepare a potential bid for U.S. Steel  X.N , CNBC
reported, citing sources.  urn:newsml:reuters.com:*:nL4N3O91GJ
    
    ** The owners of Crumbl are exploring a sale that could
value the popular cookie chain at nearly $2 billion, including
debt, according to people familiar with the matter.  urn:newsml:reuters.com:*:nL1N3O61A2
    
    ** (The Insurer) - Moody’s Corporation has entered into an
agreement to acquire Palo Alto-based geospatial property data
provider Cape Analytics.  urn:newsml:reuters.com:*:nL6N3O90DD
    
    ** T-Mobile US  TMUS.O  said it has agreed to acquire Vistar
Media, a real-time outdoor advertising technology provider, for
about $600 million, in an all-cash deal.  urn:newsml:reuters.com:*:nL4N3O91CD
    
    ** Call Your Mother Deli, a restaurant chain that was
launched in Washington, D.C. and is known for its bagel
sandwiches, has sold a stake to investment firm Invus Group,
according to a statement seen by Reuters.  urn:newsml:reuters.com:*:nL1N3O618T

        ** Eli Lilly  LLY.N  said it would buy cancer therapy
developer Scorpion Therapeutics for up to $2.5 billion in cash.
 urn:newsml:reuters.com:*:nL4N3O917O
  
    
        ** Pipeline operator Kinder Morgan  KMI.N  said  its
unit Hiland Partners has agreed to buy a natural gas gathering
and processing system in North Dakota from Outrigger Energy II
LLC for $640 million.  urn:newsml:reuters.com:*:nL4N3O915B
  
        
  
        ** Johnson & Johnson  JNJ.N  said  it will buy
neurological drugmaker Intra-Cellular Therapies  ITCI.O  for
$14.6 billion, its biggest deal in at least two years, boosting
its presence in the market for brain disease treatments.
 urn:newsml:reuters.com:*:nL4N3O90VI
  
    
        ** Saudi Arabia’s Public Investment Fund (PIF) has
completed its previously announced acquisition of a 23.08
percent stake in Saudi Reinsurance Company (Saudi Re) in a deal
designed to enable the reinsurer to scale up domestic capacity.
 urn:newsml:reuters.com:*:nL6N3O90AW
  
        
  
        ** Clearwater Analytics  CWAN.N  has agreed to acquire
rival Enfusion  ENFN.N  in a $1.5 billion cash-and-stock deal as
the financial software maker looks to bolster its international
presence and enter the hedge fund industry.  urn:newsml:reuters.com:*:nL4N3O90VW
  
        
  
        ** Billionaire investor Bill Ackman's Pershing Square
said  it has offered to buy the remaining stake it does not
already own in real estate developer Howard Hughes Holdings
 HHH.N  for $85 per share.  urn:newsml:reuters.com:*:nL4N3O90WD
  
        
  
        ** South African private hospital operator Life
Healthcare  LHCJ.J  announced the sale of its
radiopharmaceuticals business LMI to U.S.-listed Lantheus
Holdings LNTH.O, sending its Johannesburg-listed shares higher.
 urn:newsml:reuters.com:*:nL8N3O90GZ
  
        
  
        ** Medical data research company Truveta said  that
Regeneron Pharmaceuticals  REGN.O , Illumina  ILMN.O  and 17
U.S. health systems will take a $320 million stake in the
company as part of a deal to build the world's largest genetic
database.  urn:newsml:reuters.com:*:nL1N3O612M
  
    
    ** Superannuation fund AustralianSuper said it has taken a
50% stake in a portfolio of European warehouses owned by Oxford
Properties Group, valuing it at A$1.4 billion ($859.18 million).
 urn:newsml:reuters.com:*:nL4N3O90OP
    
    ** Ardonagh-owned Envest Group will to acquire a
"significant" stake in Ando Insurance Group Limited (Ando), an
independent underwriting agency in New Zealand.  urn:newsml:reuters.com:*:nL6N3O907C

    ** British drugmaker GSK  GSK.L  said  that it would pay up
to $1.15 billion to buy Boston-based biopharmaceutical firm
IDRx, which is developing a treatment for a rare type of tumour.
 urn:newsml:reuters.com:*:nL4N3O90IN
    
    ** Asia-focused private equity firm PAG said  that it has
acquired a majority stake in Indian pharmaceutical packaging
company Pravesha Industries, according to a statement.
 urn:newsml:reuters.com:*:nL4N3O906T
    
    ** Norsk Hydro  NHY.OL  became the sole owner of battery
recycler Hydrovolt  after the Norwegian aluminium maker agreed
to buy the remaining shares from ailing Swedish battery maker
Northvolt for 78 million Norwegian crowns ($6.79 million).
 urn:newsml:reuters.com:*:nL8N3O908A
    
     

 (Compiled by Rajarshi Roy, Sneha S K and Aamir Sohail in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))