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Deals of the day-Mergers and acquisitions
Oct 11, 2024 3:22 AM

Oct 11 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Sanofi has entered into talks to sell a

controlling 50% stake in its consumer health business Opella to

U.S. private equity firm Clayton Dubilier & Rice, the French

pharmaceutical group said.

** Nippon Steel ( NISTF ) said it will sell its entire 50%

stake in a joint venture steel plant it has in Calvert, Alabama,

with ArcelorMittal, if the top Japanese steelmaker's

buyout bid for United States Steel ( X ) is successful.

** Italy's Brembo said it had agreed to buy

suspension technology manufacturer Ohlins Racing for $405

million, in the premium brake maker's biggest ever acquisition.

** British holiday group Saga said that Ageas

would buy its insurance underwriting business for 67.5

million pounds ($88.1 million), and that it was in exclusive

talks to set up a 20-year partnership for motor and home

insurance with the Belgian firm.

** Singapore-headquartered private healthcare company Health

Management International, or HMI Medical, said it is acquiring a

majority stake in Advanced Urology Associates, the largest

private urology specialist group in the country.

** U.S. Senator Elizabeth Warren has asked antitrust

regulators to scrutinize a $16.5 billion deal in which Novo

Nordisk's controlling shareholder would acquire

contract drug manufacturer Catalent ( CTLT ), saying it may give

the pharmaceutical company an unlawful advantage in obesity

drugs.

(Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)

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