Deals of the day-Mergers and acquisitions

Morphosys AG

29/04/2024 21:21

(Adds Impossible foods, WeWork and Anglo American)
       April 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 16:15 GMT on Monday:

        ** Impossible Foods, which makes meat alternatives from
soy, is targeting a "liquidity event" that could include a
public offering in the next two to three years, CEO Peter
McGuinness told Reuters.  urn:newsml:reuters.com:*:nL1N3H2289
  
        
  
        ** Shared office space provider WeWork announced a
settlement with its junior creditors and a new cash infusion
from its senior lenders, moving ahead with a bankruptcy deal
that rejects a $650 million offer from co-founder and former
owner Adam Neumann.  urn:newsml:reuters.com:*:nL1N3H21TL
  
        
  
        ** Anglo American faced calls from shareholders to
detail plans for improving its value in order to fend off bidder
BHP, as activist investor Elliott further raised the stakes by
increasing its holding in the takeover target.  urn:newsml:reuters.com:*:nL1N3H20LS
  
        
  
    ** India's Manipal Hospitals said it will acquire an 87%
stake in Medica Synergie as it aims to expand its footprint in
eastern India.   urn:newsml:reuters.com:*:nL4N3H2342
    
    ** U.S. electric utility WEC Energy Group  WEC.N  said it
will acquire 90% ownership stake in a solar project located near
Dallas, Texas for about $459 million.  urn:newsml:reuters.com:*:nL4N3H23FW
    
    ** Thyssenkrupp rejected allegations by labour
representatives that it failed to adequately inform workers
about its plans to sell a stake in its steel unit to Czech
energy firm EPCG, adding to growing tension between the two
sides.  urn:newsml:reuters.com:*:nL8N3H2468
    
    ** Regional lender UMB Financial Corp  UMBF.O  has agreed to
buy smaller rival Heartland Financial  HTLF.O  in an all-stock
deal valued at about $2 billion, the banks said.  urn:newsml:reuters.com:*:nL4N3H231D
    
    **  Bahrain-based Investcorp will buy the digital technology
services business of India's National Stock Exchange  NSEI.NS 
(NSE) for $120 million, the alternative investment firm said ,
in its biggest deal in the country.   urn:newsml:reuters.com:*:nL4N3H2200
    
    ** Deciphera Pharmaceuticals  DCPH.O  said  Japan's Ono
Pharmaceutical Co  4528.T  will acquire the cancer drugmaker for
$2.4 billion to expand its oncology portfolio and presence in
the United States and Europe.  urn:newsml:reuters.com:*:nL4N3H22RY
    
    ** South African President Cyril Ramaphosa's spokesperson
said that BHP Group's  BHP.AX  proposed offer to buy Anglo
American  AAL.L  was "normal market activity".  urn:newsml:reuters.com:*:nJ8N3E902I
    
    ** Morphosys  MORG.DE  said its takeover by Novartis
 NOVN.S  is still expected to close in the first half of this
year, after a news report on a possible drug safety risk knocked
the German biotechnology company's stock price.  urn:newsml:reuters.com:*:nL8N3H22L3    
            
    ** French IT firm Atos  ATOS.PA  put a price tag on a state
offer to take over strategic parts of the company, boosting its
shares, but also said it would need almost twice as much cash as
estimated earlier this month to stay afloat.  urn:newsml:reuters.com:*:nL8N3H216O
    
    ** Blackstone  BX.N  has agreed to acquire Hipgnosis Songs
Fund  SONG.L  for about $1.57 billion, trumping an offer from
Concord for the music rights owner of artists such as Shakira
and Red Hot Chili Peppers, the companies said.   urn:newsml:reuters.com:*:nL4N3H2174
    
    ** Australia's Pacific Smiles Group  PSQ.AX  said it
recommended a takeover offer from National Dental Care (NDC)
HoldCo, valuing the dental centres operator at A$303 million
($198.07 million).  urn:newsml:reuters.com:*:nL4N3H10P9
    
    ** The billionaire owner of L'Occitane International
 0973.HK  is close to making a proposal to take the French
skincare firm private as early as Monday in a deal that could
value it at about $7 billion including debt, Bloomberg News
reported.  urn:newsml:reuters.com:*:nL1N3H10FD

 (Compiled by Rajarshi Roy, Abhinav Parmar in Bengaluru)
 ((Pratyush.thakur@thomsonreuters.com;))