Deals of the day-Mergers and acquisitions

Myer Holdings

29/10/2024 13:41

(Adds: GSK, Vodacom, CYVN Holdings  Updates: Commonwealth Bank
of Australia)
       Oct 29 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** GSK  GSK.L  said it would buy rights to develop and
sell an experimental drug from China-based biotech firm Chimagen
Biosciences in an up to $850 million deal, as the British
pharmaceutical giant looks to expand its immunology pipeline.
  
         urn:newsml:reuters.com:*:nL4N3M51K7
  
        
  
        ** South Africa's Competition Tribunal blocked Vodacom's
 VODJ.J  proposed merger with fibre group Maziv, a blow to the
ambitions of the country's biggest mobile operator to expand its
fibre footprint nationwide.
  
         urn:newsml:reuters.com:*:nL1N3M50G1
  
        
  
        ** Abu Dhabi-based investment vehicle CYVN Holdings has
entered a non-binding agreement to buy 100% of carmaker
McLaren's automotive business from Mumtalakat, the sovereign
wealth fund of Bahrain, the two Gulf firms said.
  
         urn:newsml:reuters.com:*:nL1N3M50J6
  
        
  
        ** Commonwealth Bank of Australia  CBA.AX  has sold a
10% stake in Vietnam International Commercial Joint Stock Bank
 VIB.HM  it said, following a previous divestment last month, as
it focuses on its banking business in Australia and New Zealand.
  
         urn:newsml:reuters.com:*:nL4N3M50Z9
  
        
  
    ** 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.
     urn:newsml:reuters.com:*:nL8N3M510D

    ** 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;))