Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

(Updates Atlantia )

Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Italy's Atlantia ATL.MI said an offer by a consortium of investors led by state lender CDP for its 88% stake in Autostrade per l'Italia fell short of the mark and asked its top managers to see if the bid could be sweetened. Japanese drugstore firms MatsumotoKiyoshi Holdings 3088.T and Cocokara Fine Inc 3098.T said they agreed to fully merge, after forming an alliance last year to cope with fierce price competition and rising labour costs. French waste and water management firm Suez SEVI.PA said its board had unanimously rejected Veolia's VIE.PA offer of 18 euros per share, formalising opposition to a bid after months of wrangling between the rivals. Takeda Pharmaceutical Co 4502.T said it agreed to sell four diabetes products in Japan to Teijin Pharma Ltd for 133 billion yen ($1.25 billion). LafargeHolcim LHN.S wants to make around 10 small acquisitions to bolster its aggregates and ready mix concrete business during 2021, Chief Executive Jan Jenisch said. Ontario Teachers' Pension Plan Board will buy U.S. private equity firm Carlyle Group 's CG.O majority stake in Portugal's Logoplaste for an undisclosed sum, the plastic packaging maker said. Birkenstock has agreed to sell a majority stake to LVMH-backed private equity firm L Catterton, it said, in a deal that brings the maker of comfy, blocky sandals in the orbit of the French luxury powerhouse. Roivant Sciences said it will buy drug developer Silicon Therapeutics for $450 million in an equity deal to strengthen its artificial intelligence capabilities for drug discovery. Cellnex CLNX.MC expects to triple its core earnings by 2025 as it spends up to 9 billion euros ($10.89 billion) on acquisitions mainly in Europe over the next year and a half, the Spanish phone tower operator said. The British government completed the 5 billion pound ($6.96 billion) sale of the final chunk of its 'bad bank' comprising failed lenders Bradford & Bingley and Northern Rock, which were nationalised because of the 2007-09 financial crisis. Steinhoff SNHJ.J is to sell the properties of its European subsidiary Conforama Iberia and lease them back, the South African retail group said, as part of efforts to cut debt and pay back creditors.

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