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Deals of the day-Mergers and acquisitions
Nov 3, 2024 1:27 PM

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

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Hargreaves Lansdown, Britain's largest

investment platform, said it expects the completion of its

agreed 5.4 billion pound ($7 billion) takeover by an

international consortium in the first quarter of 2025.

** Norway's sovereign wealth fund said it has bought a 97.7%

stake in an office property in Menlo Park in the San Francisco

bay area for $217 million, in a joint venture with U.S. real

estate investment firm DivcoWest.

** Commonwealth Bank of Australia ( CBAUF ) said that it has

sold a 10% stake in Vietnam International Commercial Joint Stock

Bank, in an effort to focus on its banking business in

Australia and New Zealand.

** Australian department store owner Myer will

merge with retail billionaire Solomon Lew's Premier Investments' ( PMAUF )

portfolio of apparel brands, in a deal valued at

A$863.8 million ($569 million), the companies said.

** U.S. drugmaker AbbVie ( ABBV ) said on Monday it will buy

Aliada Therapeutics for $1.4 billion in cash, betting on an

experimental Alzheimer's treatment still in the early stage of

development.

** Private equity firm BC Partners said on Monday it had

agreed to sell its controlling stake in GardaWorld in a deal

that values the Canadian security services company at C$13.5

billion ($9.72 billion).

(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

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