Deals of the day-Mergers and acquisitions
11/10/2021 21:00
(Adds Zee, IHC; updates Kora Saude, Pacira BioSciences, SECO)
Oct 11 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Monday:
** U.S. investment firm Invesco publicly lashed out at
Indian TV giant Zee ZEE.NS and objected to some terms of its
proposed merger with Japan's Sony Group, asking shareholders of
the Indian firm to support a bid to revamp its management.
urn:newsml:reuters.com:*:nL1N2R70OT
** Abu Dhabi conglomerate International Holding Company
(IHC) IHC.AD has agreed to acquire 51% of Bin Suhail Group
through a subsidiary to form a beauty industry joint venture, it
said. urn:newsml:reuters.com:*:nL4N2R72LH
** Pacira BioSciences PCRX.O would acquire Flexion
Therapeutics Inc FLXN.O for about $427.5 million, the
companies said, to bolster its portfolio of non-opioid pain
drugs. urn:newsml:reuters.com:*:nL4N2R728Q
** Shares in Brazilian healthcare company Kora Saude
KRSA3.SA rose sharply after the announcement it has reached a
deal to acquire an 80% stake in its rival Grupo OTO.
urn:newsml:reuters.com:*:nL1N2R70UN
** Supernus Pharmaceuticals Inc SUPN.O said it would
acquire drugmaker Adamas Pharmaceuticals Inc ADMS.O for about
$400 million, as it looks to expand its portfolio of treatments
for Parkinson's disease and limit reliance on its top-seller
epilepsy drug. urn:newsml:reuters.com:*:nL4N2R724M
** Emerson Electric Co EMR.N said it would merge its
software units with smaller rival Aspen Technology AZPN.O in a
deal for about $11 billion, boosting its industrial automation
business that caters to a swathe of sectors ranging from utility
and mining to chemicals and automotive. urn:newsml:reuters.com:*:nL4N2R70UM
** The Dutch owner of bike brands including Gazelle, Santa
Cruz and Urban Arrow said it has agreed to buy brands including
Cannondale, Schwinn and Mongoose from owner Dorel Industries
Inc. DIIb.TO for $810 million, creating one of the largest
bike makers globally with $2.5 billion in estimated annual
sales. urn:newsml:reuters.com:*:nL1N2R70MW
** Swedish private equity fund EQT EQTAB.ST said it would
sell Spanish telecom provider Adamo to France's Ardian
Infrastructure, with two sources in the sector saying the deal's
enterprise value was over 1 billion euros ($1.16 billion).
urn:newsml:reuters.com:*:nL1N2R70MG
** Demetra Holding, a grains trader controlled by Russian
state lender VTB VTBR.MM , has taken over the Oktyabrsky
Elevator grain silo in the southern Volgograd province, Demetra
said in a statement. urn:newsml:reuters.com:*:nL8N2R71X9
** Russian forestry group Segezha SGZH.MM has agreed to
buy the Inter Forest company from Bonum Capital investment
company for $515 million in a deal that would increase Bonum's
stake in Segezha, Bonum said. urn:newsml:reuters.com:*:nL1N2R70D2
** Eurobank EURBr.AT , one of Greece's four largest
lenders, signed a deal with credit servicer doValue DOVA.MI to
sell a portion of mezzanine and junior notes of a 5.2 billion
euro ($6 billion) non-performing loan portfolio securitisation,
it said. urn:newsml:reuters.com:*:nL1N2R70C6
** Italian high-tech group SECO IOT.MI said it had entered
a binding agreement to buy German Internet of Things (IoT)
solutions producer Garz & Fricke for 180 million euros ($208
million). urn:newsml:reuters.com:*:nL8N2R73ZG
** Japan's biggest refiner, Eneos Holdings Inc 5020.T ,
said it would buy Japan Renewable Energy for about 200 billion
yen ($1.8 billion) to expand its low-carbon business, joining a
list of major global corporate players moving away from
climate-changing fossil fuels. urn:newsml:reuters.com:*:nL4N2R718R
** New Zealand fuel supplier Z Energy ZEL.NZ said that it
had recommended its shareholders to vote in favor of Ampol Ltd's
ALD.AX NZ$1.97 billion takeover bid. urn:newsml:reuters.com:*:nL1N2R60H5
(Compiled by Rajarshi Roy, Sohini Podder and Ruhi Soni in
Bengaluru)
((Ruhi.Soni@thomsonreuters.com))