Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Kering, Kloeckner & Co, Agrofert, Icade; Updates Qualtrics, Sanofi, Illumina, Pfizer) March 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
** Qualtrics International Inc said on Monday it would be taken private after its controlling shareholder, SAP SE , accepted a $12.5 billion bid from a consortium led by Silver Lake and Canada Pension Plan Investment Board (CPPIB).
** French property company Icade said on Monday that it had agreed to sell off its shares in its Icade Sante division for around 1.4 billion euros ($1.50 billion), to cut debt and boost cash flow.
** A unit of Kering has signed an agreement to acquire French company UNT, the luxury giant and Gucci owner said.
** Pfizer Inc on Monday struck a $43 billion deal to acquire Seagen Inc and its targeted cancer therapies as it braces for a steep fall in COVID-19 sales and generic competition for some top-selling drugs.
** Kloeckner & Co's biggest shareholder aims to raise its stake in the German metals trader beyond 30% to strengthen the group in light of economic challenges, the shareholder said on Monday.
** France's Sanofi SA on Monday agreed to acquire Provention Bio Inc for $2.9 billion to bolster its work on a U.S.-approved type 1 diabetes therapy and strengthen its drug pipeline following development setbacks.
** Czech group Agrofert, owned by Czech ex-premier and now opposition leader Andrej Babis, gained unconditional EU antitrust approval on Monday to buy Austrian energy group OMV unit Borealis' nitrogen business.
** Activist investor Carl Icahn launched a proxy fight at Illumina Inc , saying the life sciences company's takeover of Grail Inc had cost shareholders about $50 billion since the closing of the deal.
** JPMorgan Chase & Co is in talks to acquire SVB Financial Group in a deal that would exclude commercial banking unit Silicon Valley Bank, which is currently under U.S. control, Axios reported on Monday, citing sources.
** Hyundai Motor Co said it has agreed to a potential acquisition of General Motors' plant in India, a move that could finally allow the U.S. automaker to exit a country where it stopped making cars in 2017.
** Italian-American vehicle maker CNH Industrial has acquired U.S. company Augmenta, valuing its strategic partner at $110 million, in a bid to help farmers harness technology to increase the effectiveness of crop spraying.
** Buyout firm Advent International is among a list of firms that remain in contention to buy sandwich chain Subway, Sky News reported on Monday.
** German laboratory equipment producer Synlab said that UK private equity firm Cinven had submitted a non-binding offer to fully take over the company at 10 euros per share.
** 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.
** 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.
** 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.
** 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, Pratyush Thakur and Pratik Jain in Bengaluru)

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