News: Deals of the day-Mergers and acquisitions

  1. 186,141 Posts.
    lightbulb Created with Sketch. 2734

    (Adds Pacira BioSciences, Kora Saude, Supernus Pharmaceuticals Inc, Gazelle; Updates Emerson Electric Co, EQT)

    Oct 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Monday:

    ** Pacira BioSciences PCRX.O said it would acquire Flexion Therapeutics Inc FLXN.O for about $427.5 million, gaining access to several promising pain drugs and bolstering growth prospects.

    ** Brazilian healthcare company Kora Saude KRSA3.SA announced it has reached a deal to acquire an 80% stake in its rival Grupo OTO, which operates in the state of Ceara, for 248 million reais ($45 million).

    ** 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.

    ** 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.

    ** 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.

    ** 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).

    ** 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.

    ** 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.

    ** 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.

    ** Italy's high tech group SECO IOT.MI said it had entered a binding agreement to buy all of German Internet of Things solutions producer Garz & Fricke for 180 million euros, sending shares up almost 9% in early trade.

    ** 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.

    ** New Zealand fuel supplier Z Energy (ZEL) said that it had recommended its shareholders to vote in favor of Ampol Ltd's (ALD) NZ$1.97 billion takeover bid.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.