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News: LYC Deals of the day-Mergers and acquisitions

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    (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.

    		** 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.

    		** 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.

    		** 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 .

    ** Steelmaker Acerinox ACX.MC has agreed to buy U.S. alloys manufacturer Haynes International for $798 million, the Spanish company said.

    ** 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.

    ** 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.

    ** Australia's Lynas Rare Earths (LYC) 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.

    ** 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).

    ** Australian gold miner Red 5 (RED) will takeover rival Silver Lake Resources (SLR) to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement.

    ** Australia's Metcash (MTS) 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).

    ** 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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Last
$9.13
Change
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