Deals of the day-Mergers and acquisitions

Myer Holdings

29/10/2024 09:50

Oct 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** Hargreaves Lansdown  HRGV.L , Britain's largest
investment platform, said it expects the completion of its
agreed 5.4 billion pound ($7 billion) takeover by an
international consortium in the first quarter of 2025.
     urn:newsml:reuters.com:*:nL4N3M50YX
    
    ** Norway's sovereign wealth fund said it has bought a 97.7%
stake in an office property in Menlo Park in the San Francisco
bay area for $217 million, in a joint venture with U.S. real
estate investment firm DivcoWest.
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    ** Commonwealth Bank of Australia  CBA.AX  said that it has
sold a 10% stake in Vietnam International Commercial Joint Stock
Bank  VIB.HM , in an effort to focus on its banking business in
Australia and New Zealand.
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    ** Australian department store owner Myer  MYR.AX  will
merge with retail billionaire Solomon Lew's Premier Investments'
 PMV.AX  portfolio of apparel brands, in a deal valued at
A$863.8 million ($569 million), the companies said.
     urn:newsml:reuters.com:*:nL4N3M41S2
    
    ** U.S. drugmaker AbbVie  ABBV.N  said on Monday it will buy
Aliada Therapeutics for $1.4 billion in cash, betting on an
experimental Alzheimer's treatment still in the early stage of
development.
     urn:newsml:reuters.com:*:nL4N3M40W1
    
    ** Private equity firm BC Partners said on Monday it had
agreed to sell its controlling stake in GardaWorld in a deal
that values the Canadian security services company at C$13.5
billion ($9.72 billion).
     urn:newsml:reuters.com:*:nL4N3M41EQ

 (Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com;))