The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Monday:
** U.S. food group Kellogg Co has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for $1.3 billion as it focuses on its core cereals and snacks businesses.
** Salzgitter’s chief executive will look at any assets that Thyssenkrupp and India’s Tata Steel could divest as part of anti-trust remedies being offered to help their planned joint venture deal, he said.
** J. Safra Sarasin Group has agreed to buy Lombard Odier’s private banking business in Gibraltar, the Swiss wealth manager said without giving any financial terms.
** Swiss logistics group Panalpina has bowed to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV, ending more than two months of a takeover battle designed to build scale in the consolidating transport sector.
** Japan’s Idemitsu Kosan Co Ltd formally took over its smaller peer Showa Shell Sekiyu KK, cementing its position as the country’s No. 2 refiner as the sector consolidates to cope with falling national oil consumption.
** Novartis said it had agreed to pay $310 million upfront, with the possibility for more later, for some research assets of Boston-based inflammation specialist IFM Therapeutics as the Swiss drugmaker expands its immunology pipeline.
** Austrian building materials firm Wienerberger, the world’s biggest brickmaker, has agreed to buy British roofing company Building Product Design Group for an undisclosed amount, Wienerberger said.
** French advertising group Publicis is in talks to buy Alliance Data System’s Epsilon marketing unit, which some media reports have valued at around $5 billion.
** U.S. marijuana company Cresco Labs Inc said it would buy pot distributor Origin House for about C$1.1 billion ($823.29 million) as it seeks to become a leading player in California’s cannabis market. (Compiled by Sayanti Chakraborty Babu in Bengaluru)
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