Deals of the day-Mergers and acquisitions

Landos Biopharma

25/03/2024 20:00

(Adds Telefonica, Lufthansa)
       March 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday:
    
    ** The Spanish government has acquired a 3% stake in
telecoms group Telefonica  TEF.MC  through the state holding
company SEPI, SEPI said after it reported the acquisition to the
stock market regulator.
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    ** EU antitrust regulators warned that Lufthansa's  LHAG.DE 
intention to buy a minority stake in ITA Airways could harm
competition and push up prices, prompting Italy and the German
airline to come up with remedies in the coming weeks.
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        ** AbbVie  ABBV.N  will buy drug developer Landos
Biopharma  LABP.O  for up to $212 million as the Humira-maker
aims to expand its pipeline of medicines to treat immune
system-related illnesses, the companies said.
  
         urn:newsml:reuters.com:*:nL3N3G32FA
  
        
  
        ** Investment firm MNC Capital said it has raised its
all cash bid to acquire sporting and outdoor products maker
Vista Outdoor  VSTO.N  to $3 billion from $2.9 billion.
  
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        ** Arrow Holdings submitted a non-binding proposal to
buy the remaining stake in rental and hospitality services
company Target Hospitality Corp  TH.O  that it does not already
own for $10.80 per share.
  
         urn:newsml:reuters.com:*:nL3N3G32AJ
  
        
  
        ** Ingersoll Rand  IR.N  will buy ILC Dover from
investment firm New Mountain Capital for about $2.33 billion,
the air compressor maker said, bolstering its presence in the
life sciences markets.
  
         urn:newsml:reuters.com:*:nL3N3G322A
  
        
  
        ** Denmark's Novo Nordisk  NOVOb.CO  said it had agreed
to buy Cardior Pharmaceuticals for up to 1.03 billion euros
($1.1 billion) to strengthen its cardiovascular pipeline.
  
         urn:newsml:reuters.com:*:nL5N3G31XS
  
        
  
        ** Brazilian conglomerate Ultrapar  UGPA3.SA  has
increased its stake in logistics firm Hidrovias do Brasil
 HBSA3.SA , it said late on Sunday, as part of a strategy to
expand its footprint in businesses exposed to Brazil's
agricultural sector.
  
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    ** Talgo's  TLGO.MC  top shareholder is in talks to sell its
40% stake in the Spanish train maker to Swiss rival Stadler Rail
 SRAIL.S  as an alternative to a tender offer from Hungary's
Ganz-Mavag consortium, El Economista newspaper reported, citing
unidentified market sources.
     urn:newsml:reuters.com:*:nL5N3G3113
    
    ** Private equity groups Advent International and CVC
Capital have teamed up to bid for Partner in Pet Food (PPF), a
maker of animal food owned by Cinven, the Financial Times
reported on Sunday.
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 (Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))