Deals of the day-Mergers and acquisitions

Purplebricks

17/05/2023 10:48

May 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Purplebricks Group  PURP.L  said its rival Strike Ltd
would buy the British online estate agent by assuming its
liabilities and for a token consideration of 1 pound
($1.26). urn:newsml:reuters.com:*:nL4N37E1QH
    
    ** An investor consortium including U.S. buyout firm
Blackstone  BX.N  and Thomson Reuters  TRI.TO  sold 33 million
shares in the London Stock Exchange Group  LSEG.L  worth about
2.7 billion pounds ($3.41 billion), a bookrunner
said. urn:newsml:reuters.com:*:nL4N37E1EY
    
    ** UBS Group AG  UBSG.S  expects a financial hit of about
$17 billion from the takeover of Credit Suisse Group AG
 CSGN.S , the bank said in a regulatory presentation as it
prepares to complete the rescue of its struggling Swiss
rival. urn:newsml:reuters.com:*:nL1N37D3E8
    
    ** Bankrupt satellite launch company Virgin Orbit said on
Tuesday it entered into a "stalking horse" agreement with
Stratolaunch to sell mainly its aircraft assets, including the
"Cosmic Girl" carrier aircraft, for $17 million in
cash. urn:newsml:reuters.com:*:nL1N37E08Z
    
    ** Pfizer Inc  PFE.N  said on Tuesday it plans to raise $31
billion from a debt offering to finance its proposed acquisition
of Seagen Inc  SGEN.O . urn:newsml:reuters.com:*:nL4N37D4OC
    
    ** The U.S. Federal Trade Commission said on Tuesday it has
filed a lawsuit to stop Amgen Inc's  AMGN.O  $27.8 billion
acquisition of Horizon Therapeutics Plc  HZNP.O  in a rare move
to block a large pharmaceutical deal. urn:newsml:reuters.com:*:nL1N37D2KT
    
    ** Qatar's Sheikh Jassim bin Hamad al-Thani made an improved
final offer for Manchester United  MANU.N  in an attempt to see
off his main rival British petrochemicals billionaire Sir Jim
Ratcliffe, The Times reported on Tuesday. urn:newsml:reuters.com:*:nL4N37D40X

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))