Deals of the day-Mergers and acquisitions

Mitsubishi Chemical

28/07/2023 10:41

July 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Friday:

    ** French food ingredient maker Roquette said it had signed
an agreement to buy Japanese drug capsule maker Qualicaps from
Japan's Mitsubishi Chemical  4188.T   urn:newsml:reuters.com:*:nL8N39E2ZS
    
    ** Toyota Motor Corp  7203.T  said it will sell around a 250
billion yen ($1.80 billion) stake in KDDI Corp  9433.T , part of
a fundraising effort to accelerate vehicle electrification
 urn:newsml:reuters.com:*:nL1N39E0FJ
    
    ** French luxury group Kering  PRTP.PA  is bulking up its
fashion portfolio with the purchase of a 30% stake in Valentino
but that will do little to reduce its dependence on weakening
top brand Gucci, at least in the short term  urn:newsml:reuters.com:*:nL8N39E32B
    
    ** BPEA EQT, part of Swedish private equity firm EQT
 EQTAB.ST , said it has completed the merger of its Hong
Kong-based business services firms Vistra and Tricor, valuing
the combined entity at $6.5 billion, including debt  urn:newsml:reuters.com:*:nL1N39E0KN

    ** AstraZeneca  AZN.L  said its Alexion unit had agreed to
buy U.S. drugmaker Pfizer's  PFE.N  early-stage rare disease
gene therapy portfolio for up to $1 billion, plus royalties on
sales, as the British drugmaker bets on new genetic therapies
 urn:newsml:reuters.com:*:nL4N39E1MD
    
    ** British asset manager Liontrust  LIO.L  said  it would
extend by four days the period for shareholders in Swiss rival
GAM Holding  GAMH.S  to sell their shares  urn:newsml:reuters.com:*:nL8N39E2NP
    
    **  Hong Kong-based investment firm BPEA EQT will acquire a
60% stake in Indian fertility services provider Indira IVF for
54 billion rupees ($656.6 million), a source aware of the matter
said  urn:newsml:reuters.com:*:nL4N39E1W9
    
    ** Toshiba Corp  6502.T  said a group led by Japan
Industrial Partners (JIP) is expected to launch a tender offer
for the industrial conglomerate "sometime in August 2023", a
delay from late July  urn:newsml:reuters.com:*:nL1N39E0HJ
    
    ** Western Asset Mortgage Capital Corporation  WMC.N  on
Thursday said it notified Terra Property Trust  TPTA.N  that it
intends to terminate their merger agreement unless the company
receives a revised proposal by Aug. 3  urn:newsml:reuters.com:*:nL4N39E054
    
    ** Brazilian miner Vale  VALE3.SA  said on Thursday it
reached two separate agreements to sell a 13% stake in its base
metals business for $3.4 billion, aiming to boost its copper and
nickel output  urn:newsml:reuters.com:*:nL1N39D3RJ

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