Deals of the day-Mergers and acquisitions

Pactiv Evergreen

09/12/2024 20:33

(Adds: Mondelez Updates: Revance, Novolex, Arthur J Gallagher,
Omnicom)
       Dec 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on Monday:
    
    ** Cadbury-parent Mondelez International  MDLZ.O  is
exploring the acquisition of chocolate maker Hershey  HSY.N ,
Bloomberg News reported, citing people familiar with the matter,
in what would create one of the world's largest confectioners.
  urn:newsml:reuters.com:*:nL4N3NA15F

        ** Crown Laboratories will buy the anti-wrinkle
injection maker Revance Therapeutics  RVNC.O  at a roughly 50%
lower price compared to an original agreement signed in August,
the companies said, sending the latter's stock tumbling 20%.
  
         urn:newsml:reuters.com:*:nL4N3NA111
  
    
        ** 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.
  
         urn:newsml:reuters.com:*:nL4N3NA0XU
  

        ** Packaging firm Novolex will buy rival Pactiv
Evergreen  PTVE.O  in a $6.7 billion deal, as the Apollo Global
Management-owned  APO.N  firm looks to bolster its business of
food and beverage packaging in a cautious economic environment.
  
         urn:newsml:reuters.com:*:nL4N3NA0Y0
  

        ** 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.
  
         urn:newsml:reuters.com:*:nL4N3NA0NX
  
        
  
        ** 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.
  
         urn:newsml:reuters.com:*:nL4N3NA0TP
  
        
  
        ** 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.
  
         urn:newsml:reuters.com:*:nL4N3NA0O5
  
    
    ** 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.
     urn:newsml:reuters.com:*:nS8N3LX03N

 (Compiled by Rishi Kant)
 ((Rajarshi.Roy@thomsonreuters.com;))