Deals of the day-Mergers and acquisitions

Pactiv Evergreen

09/12/2024 14:37

(Adds: Revance Therapeutics, Enterprise Bancorp, Novolex,
Arthur J Gallagher, Dow  Updates: Omnicom Group)
       Dec 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:

        ** Anti-wrinkle injection maker Revance Therapeutics
 RVNC.O  has agreed to be bought for $3.10 per share by
privately held Crown Laboratories, instead of the $6.66 per
share agreed previously, the two companies said.
  
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        ** Enterprise Bancorp  EBTC.O  and Independent Bank
 INDB.O , the parent of Rockland Trust, have agreed to merge in
a cash-and-stock deal valued at $562 million, they said, as
regional lenders continue to consolidate their operations.
  
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        ** Apollo Global Management-owned  APO.N  Novolex will
buy packaging products maker Pactiv Evergreen  PTVE.O  in a $6.7
billion deal, the companies said.
  
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        ** Arthur J Gallagher  AJG.N  said it would acquire
insurance broker AssuredPartners in an all-cash deal worth
$13.45 billion, as it looks to bolster its focus on property and
casualty and employee benefits across the U.S.
  
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        ** Omnicom Group  OMC.N  has struck a $13.25 billion
all-stock deal to buy rival Interpublic Group  IPG.N , creating
the world's largest advertising agency as traditional players
look to better compete with Big Tech firms amid accelerating use
of AI.
  
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        ** Dow  DOW.N  said it would sell a 40% stake in some
U.S. Gulf Coast infrastructure assets to a fund managed by
Macquarie Asset Management for $2.4 billion as it looks to focus
more on its core chemicals business.
  
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    ** Nature Infrastructure Capital and Davidson Kempner
Capital Management said that they had jointly acquired the
Dutch-based solar power and storage project development platform
of Greencells Group.
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 (Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))