Deals of the day-Mergers and acquisitions
Adds Cycle Pharmaceuticals, Legendary Entertainment, Stellantis; Updates B. Riley, H Lundbeck,
Oct 14 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
** Stellantis STLAM.MI is not seeking to merge with or to buy other players, John Elkann, chairman of the French-Italian automaker, told news agency AFP, amid recent rumours of a tie-up with French competitor Renault RENA.PA.
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** Legendary Entertainment on Monday said it had completed a buyout of Chinese conglomerate Dalian Wanda Group's remaining stake in the movie studio and will be wholly owned by Apollo Global APO.N
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** H Lundbeck A/S HLUNb.CO has agreed to buy U.S.-based Longboard Pharmaceuticals LBPH.O for $2.6 billion, marking the biggest deal ever by the Danish drugmaker as it seeks to bolster its portfolio with a potential blockbuster epilepsy drug.
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** UK-based Cycle Pharmaceuticals reaffirmed its offer to buy Vanda Pharmaceuticals VNDA.O in a deal that values the U.S. drugmaker at $488 million, despite a regulatory setback for its stomach condition drug in September.
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** B. Riley RILY.O on Monday agreed to sell its Great American unit, which helps companies determine the value of their assets, to investment firm Oaktree Capital in a $386 million deal that would pare its debt and bolster the balance sheet.
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** Hong Kong-listed chip equipment maker ASMPT 0522.HK said it has received a takeover bid, but did not name the potential acquirer nor give any financial details.
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** Catalent CTLT.N has agreed to sell its oral drug development and small-scale manufacturing facility in Somerset, New Jersey to private contract drug manufacturer Ardena, the companies said.
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** Private equity firm MBK and Young Poong 000670.KS have secured a more than 5% stake in Korea Zinc 010130.KS through a tender offer that closed, Young Poong said in a regulatory filing.
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** Parcel locker company InPost INPST.AS is in "very advanced talks" to buy the 70% stake it does not already own in British logistics firm Menzies, Sky News reported.
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** South Korean conglomerate Hanwha Group raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac DMHL.SI, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).
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** Singapore will block a bid by German insurer Allianz ALVG.DE to buy a majority stake in Singapore's Income Insurance but remains open to a new deal if its concerns can be addressed, Prime Minister Lawrence Wong said in a Facebook post. nL1N3LQ06I
** British luxury brand Mulberry MUL.L said it is working with advisers to evaluate Frasers' FRAS.L sweetened 111 million pound ($145.1 million) takeover proposal, after its top investor Challice declined to sell shares to the sportswear retailer. nL4N3LQ0BX
(Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru)
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
