March 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday :
** Finance minister Jeremy Hunt said the rescue of SVB's UK
arm by HSBC was necessary to help protect some of Britain's most
important technology companies.
** France's Sanofi has agreed to acquire
Provention Bio for $2.9 billion to bolster its work on
type 1 diabetes therapy and to strengthen its drug pipeline
following development setbacks.
** Qualtrics International Inc said it will go
private after the customer survey software maker's controlling
shareholder, SAP SE , accepted a $12.5 billion bid from
an investor consortium led by Silver Lake and Canada Pension
Plan Investment Board (CPPIB).
** Holcim announced a deal to acquire Mexican
hardware wholesaler INDAR, the building materials company's
latest acquisition in the Americas.
** Shares of Australian HR-services provider IntelliHR jumped as much as 14% to hit a near one-year high,
after suitor Humanforce Holdings raised its takeover offer by
50% to A$56.1 million ($37.38 million) to outbid a rival.
** JPMorgan Chase & Co and PNC Financial Service
Group Inc are among those in talks about acquiring SVB
Financial Group in a deal that would exclude its
commercial banking unit Silicon Valley Bank that is currently
under U.S. control, Axios reported citing sources.
** The Indian arm of Hyundai Motor Co said it
had signed a term sheet to buy General Motors Co's plant
in the western state of Maharashtra.
** Asia-focussed telecoms tower firm Edotco Group, its
Malaysian parent Axiata and a Japanese backer are in
talks with investors for stake sales, in a deal that could raise
about $1.2 billion, four sources familiar with the matter said.
** Activist investor Carl Icahn is preparing a proxy fight
at Illumina Inc , arguing that the life science maker's
acquisition of Grail Inc cost its shareholders roughly
$50 billion, the Wall Street Journal reported on Sunday.
** S&P Global Commodity Insights said it has acquired
UK-based technology firm Tradenet and its live vessel-tracking
platform Market Intelligence Network (MINT) to bolster its
capability to track and analyse commodity shipments.
** HYBE Co Ltd , the agency representing
top-selling South Korean boy band BTS, dropped its plan to take
control of K-pop pioneer SM Entertainment Co Ltd ,
the company said on Sunday.
** SoftBank-owned lender OakNorth Bank is in talks to buy
the British unit of failed U.S. firm Silicon Valley Bank, Sky
News reported on Sunday.
** The Indian government may put a plan to sell part of its
stake in Hindustan Zinc (HZL) on hold unless the
company calls off the nearly $3 billion cash acquisition of two
Vedanta Group subsidiaries, a senior government source said.
** Vietnam Prosperity Joint Stock Commercial Bank is nearing a deal to sell a 15% stake to Sumitomo Mitsui
Financial Group Inc 8316.T for $1.4 billion, Bloomberg News
reported on Saturday citing people familiar with the
transaction. (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
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