Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Grant Thornton Advisors, Processa Pharmaceuticals
July 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** Grant Thornton Advisors will buy CBIZ <CBZ.N> for $5 billion in cash, the companies said, creating one of the largest accounting services providers in the U.S.
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** Processa Pharmaceuticals <PCSA.O> said it acquired privately held Vidya Therapeutics in an all-stock deal, gaining access to its lead candidate being developed to target diseases involving the immune system.
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** German drug packaging firm Gerresheimer <GXIG.DE> said it was selling two plastic packaging units, including the U.S. business Centor, to private equity group Apax Funds for €1.5 billion ($1.71 billion) including debt.
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** Sembcorp Utilities, a unit of Singapore-listed Sembcorp Industries <SCIL.SI>, said that it will purchase a 20% equity stake in Aster Power, deepening its energy partnership with Aster Chemicals and Energy.
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(Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)