Deals of the day-Mergers and acquisitions

Vault Minerals

05/02/2024 14:38

(Adds: Merck, Everbridge, Novo Holdings; Updates: Stellantis)
       Feb 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:

        ** Merck  MRK.N  said it would buy Elanco Animal
Health's  ELAN.N  aqua business for $1.3 billion in cash,
strengthening its portfolio of aquatic pet health products.
  
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        ** Everbridge  EVBG.O  said it would be bought by U.S.
private equity firm Thoma Bravo in an all-cash transaction that
valued the software company at about $1.5 billion.
  
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        ** Novo Holdings, parent of Novo Nordisk  NOVOb.CO ,
will buy contract drugmaker Catalent  CTLT.N  for $11.5 billion
in cash to help meet the strong demand for its popular
weight-loss drug Wegovy, the companies said.
  
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        ** Stellantis  STLAM.MI  Chairman John Elkann denied the
carmaker was hatching merger plans, responding to press
speculation about a possible French-led tie-up with rival
Renault  RENA.PA .
  
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    ** Steelmaker Acerinox  ACX.MC  has agreed to buy U.S.
alloys manufacturer Haynes International for $798 million, the
Spanish company said.
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    ** Chinese conglomerate Fosun International  0656.HK  is
exploring the sale of a minority stake in its luxury resort
chain Club Med, targeting a valuation of $800 million for the
whole business, according to two people with knowledge of the
matter.
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    ** South Africa's MultiChoice Group  MCGJ.J  said it will
not continue talks with Vivendi's  VIV.PA  Canal Plus after the
board concluded that its offer significantly undervalues the
company.
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    ** Australia's Lynas Rare Earths  LYC.AX  said confidential
talks have ended with U.S.-based MP Materials  MP.N  for a
possible merger that industry sources said would have been
difficult for the sides to agree on a value.
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    ** Keppel Infrastructure Trust (KIT)  KEPL.SI  said that it
will acquire an around 98.6% stake in Ventura Motors, the
largest bus service business in Victoria, Australia, for an
enterprise value of A$600 million ($390 million).
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    ** Australian gold miner Red 5  RED.AX  will takeover rival
Silver Lake Resources  SLR.AX  to build a mid tier gold company
valued at $1.5 billion, the two companies said in a joint
statement.
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    ** Australia's Metcash  MTS.AX  said it entered deals to
acquire three separate businesses, including private-equity firm
Quadrant-owned Superior Food, for a total enterprise value of
A$558.5 million ($363.47 million).
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    ** Zee Entertainment  ZEE.NS  can ask an Indian tribunal to
enforce a $10 billion merger with Sony's Indian unit after a
Singapore arbitration centre rejected an emergency petition by
the Japanese company for a stay of proceedings, Zee said on
Sunday.    
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 (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
 ((Pratyush.Thakur@thomsonreuters.com))