Deals of the day-Mergers and acquisitions

SM Entertainment Co

13/03/2023 10:30

March 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday :

    ** Finance minister Jeremy Hunt said the rescue of SVB's UK
arm by HSBC was necessary to help protect some of Britain's most
important technology companies.
     urn:newsml:reuters.com:*:nL8N35L1LJ
    
    ** France's Sanofi  SASY.PA  has agreed to acquire
Provention Bio  PRVB.N  for $2.9 billion to bolster its work on
type 1 diabetes therapy and to strengthen its drug pipeline
following development setbacks.
     urn:newsml:reuters.com:*:nL1N35L0GT
    
    ** Qualtrics International Inc  XM.O  said it will go
private after the customer survey software maker's controlling
shareholder, SAP SE  SAPG.DE , accepted a $12.5 billion bid from
an investor consortium led by Silver Lake and Canada Pension
Plan Investment Board (CPPIB).
     urn:newsml:reuters.com:*:nL4N35L1G1
    
    ** Holcim  HOLN.S   announced a deal to acquire Mexican
hardware wholesaler INDAR, the building materials company's
latest acquisition in the Americas.
     urn:newsml:reuters.com:*:nTUC2DRN3D
    
    ** Shares of Australian HR-services provider IntelliHR
 IHR.AX  jumped as much as 14% to hit a near one-year high,
after suitor Humanforce Holdings raised its takeover offer by
50% to A$56.1 million ($37.38 million) to outbid a rival.
     urn:newsml:reuters.com:*:nL4N35L1CP
    
    ** JPMorgan Chase & Co  JPM.N  and PNC Financial Service
Group Inc  PNC.N  are among those in talks about acquiring SVB
Financial Group  SIVB.O  in a deal that would exclude its
commercial banking unit Silicon Valley Bank that is currently
under U.S. control, Axios reported  citing sources.
     urn:newsml:reuters.com:*:nL4N35L1DH
    
    ** The Indian arm of Hyundai Motor Co  005380.KS  said  it
had signed a term sheet to buy General Motors Co's  GM.N  plant
in the western state of Maharashtra.
     urn:newsml:reuters.com:*:nL4N35L1D3
    
    ** Asia-focussed telecoms tower firm Edotco Group, its
Malaysian parent Axiata  AXIA.KL  and a Japanese backer are in
talks with investors for stake sales, in a deal that could raise
about $1.2 billion, four sources familiar with the matter said.
     urn:newsml:reuters.com:*:nL1N35L067
    
    ** Activist investor Carl Icahn is preparing a proxy fight
at Illumina Inc  ILMN.O , arguing that the life science maker's
acquisition of Grail Inc  GRAL.O  cost its shareholders roughly
$50 billion, the Wall Street Journal reported on Sunday.
     urn:newsml:reuters.com:*:nL4N35L0GX

    ** S&P Global Commodity Insights said it has acquired
UK-based technology firm Tradenet and its live vessel-tracking
platform Market Intelligence Network (MINT) to bolster its
capability to track and analyse commodity shipments.
     urn:newsml:reuters.com:*:nL4N35I1OP
    
    ** HYBE Co Ltd  352820.KS , the agency representing
top-selling South Korean boy band BTS, dropped its plan to take
control of K-pop pioneer SM Entertainment Co Ltd  041510.KQ ,
the company said on Sunday.
     urn:newsml:reuters.com:*:nL1N35K04K

    ** SoftBank-owned lender OakNorth Bank is in talks to buy
the British unit of failed U.S. firm Silicon Valley Bank, Sky
News reported on Sunday.
     urn:newsml:reuters.com:*:nL1N35K0HU
    
    ** The Indian government may put a plan to sell part of its
stake in Hindustan Zinc (HZL) on hold  HZNC.NS  unless the
company calls off the nearly $3 billion cash acquisition of two
Vedanta Group subsidiaries, a senior government source said.
     urn:newsml:reuters.com:*:nL4N35K078

    ** Vietnam Prosperity Joint Stock Commercial Bank  VPB.HM 
is nearing a deal to sell a 15% stake to Sumitomo Mitsui
Financial Group Inc 8316.T for $1.4 billion, Bloomberg News
reported on Saturday citing people familiar with the
transaction.
     urn:newsml:reuters.com:*:nL1N35J064

 (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
 ((Pratyush.Thakur@thomsonreuters.com))