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Deals of the day-Mergers and acquisitions
Apr 29, 2024 2:56 AM

April 29 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Morphosys said its takeover by Novartis

was still expected to be closed in the first half of

this year, in a statement responding to a possible safety risk

reported by specialist news website STAT News that knocked the

company's share price.

** An adviser to BHP on its $39 billion Anglo

American bid is seeking views from some of its

shareholders as the miner weighs making a revised offer after

its initial proposal was rejected last week, sources said.

** French IT firm Atos put a price tag on a state

offer to take over strategic parts of the company , boosting its

shares, but also said it would need almost twice as much cash as

estimated earlier this month to stay afloat.

** Blackstone has agreed to acquire Hipgnosis Songs

Fund ( HPGSF ) for about $1.57 billion, trumping an offer from

Concord for the music rights owner of artists such as Shakira

and Red Hot Chili Peppers, the companies said.

** Australia's Pacific Smiles Group ( PCSGF ) said it

recommended a takeover offer from National Dental Care (NDC)

HoldCo, valuing the dental centres operator at A$303 million

($198.07 million).

** The billionaire owner of L'Occitane International

is close to making a proposal to take the French

skincare firm private as early as Monday in a deal that could

value it at about $7 billion including debt, Bloomberg News

reported.

(Compiled by Rajarshi Roy in Bengaluru)

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