financetom
Business
financetom
/
Business
/
Deals of the day-Mergers and acquisitions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Deals of the day-Mergers and acquisitions
Mar 20, 2024 3:21 AM

March 20 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Swiss contract drug manufacturer Lonza said it

would buy one of the world's largest manufacturing sites for

biologic drugs in California from drugmaker Roche for

$1.2 billion.

** Kenyan lender KCB Group is set to announce the

sale of its subsidiary National Bank of Kenya (NBK), the Daily

Nation newspaper reported , citing unnamed sources.

** Private equity firm BC Partners is in advanced talks to

sell Aenova Group, a Germany-based contract manufacturer and

development services provider for the pharmaceutical industry,

to Apax Partners, according to two sources with knowledge of the

matter.

** Britain's Johnson Matthey ( JMPLF ) said it will sell its

medical device components business to Montagu Private Equity for

$700 million in cash, as part of its strategy to focus on growth

units and streamline operations.

** European carmaker Stellantis ( STLA ) announced that

it was acquiring a stake in optical radar start-up SteerLight as

it seeks to strengthen its market position and secure access to

crucial sensors for autonomous driving.

** India's HDFC Bank said it has completed the

sale of its stake in education finance arm HDFC Credila for

95.53 billion rupees ($1.15 billion) to private equity firms

BPEA EQT and ChrysCapital.

** Gildan Activewear ( GIL ), said on Tuesday the

board has decided to put the Canadian clothing maker up for sale

and is in talks with multiple bidders.

** Amedisys ( AMED ) said on Tuesday Oregon's health

authority has started a review of UnitedHealth Group's ( UNH )

$3.3 billion acquisition of the home health and hospice

caregiver.

(Compiled by Rajarshi Roy in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Smithfield Foods spins off European business amid US IPO plans
Smithfield Foods spins off European business amid US IPO plans
Aug 27, 2024
Aug 27 (Reuters) - Smithfield Foods, the world's largest pork processor, on Tuesday announced the separation of its European operations as the Virginia-based firm plans to list in the United States. WH Group ( WHGRF ), Smithfield's China-based parent group, was working with banks last year to take the pork producer public again in the U.S., but it has not...
Cytokinetics Insider Sold Shares Worth $410,638, According to a Recent SEC Filing
Cytokinetics Insider Sold Shares Worth $410,638, According to a Recent SEC Filing
Aug 27, 2024
04:12 PM EDT, 08/22/2024 (MT Newswires) -- Fady Ibraham Malik, Executive Vice President, Research & Development, on August 20, 2024, sold 7,300 shares in Cytokinetics ( CYTK ) for $410,638. Following the Form 4 filing with the SEC, Malik has control over a total of 125,004 shares of the company, with 125,004 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1061983/000112760224022777/xslF345X05/form4.xml ...
AstraZeneca warns of moving UK vaccine production to US, FT reports
AstraZeneca warns of moving UK vaccine production to US, FT reports
Aug 27, 2024
(Reuters) - AstraZeneca has warned it could relocate its vaccine manufacturing site from the UK to the U.S. amid a deadlock in negotiations with the Labour government over plans to cut state aid promised to the project, the Financial Times reported on Thursday. (Reporting by Urvi Dugar in Bengaluru; Editing by Arun Koyyur) ...
Coinbase Global Insider Sold Shares Worth $2,378,706, According to a Recent SEC Filing
Coinbase Global Insider Sold Shares Worth $2,378,706, According to a Recent SEC Filing
Aug 27, 2024
04:16 PM EDT, 08/22/2024 (MT Newswires) -- Paul Grewal, Chief Legal Officer, on August 20, 2024, sold 12,137 shares in Coinbase Global ( COIN ) for $2,378,706. Following the Form 4 filing with the SEC, Grewal has control over a total of 82,518 shares of the company, with 82,518 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1679788/000167978824000158/xslF345X05/wk-form4_1724357620.xml Price: 198.95, Change: +0.52, Percent...
Copyright 2023-2026 - www.financetom.com All Rights Reserved