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Deals of the day-Mergers and acquisitions
Nov 19, 2024 8:36 PM

Nov 19 (Reuters) - The following bids, mergers,

acquisitions, and disposals were reported by 1030 GMT on

Tuesday:

** U.S. activist investor Elliott Management has taken a

5.03% stake in Tokyo Gas ( TKGSF ), a regulatory filing showed,

as it seeks to push Japan's biggest city-gas provider to boost

shareholder value.

** Packaging company Amcor Plc ( AMCCF ), agreed to

buy peer Berry in an all-stock deal valuing the latter

at $8.43 billion, the companies said.

** Bayer struck a collaboration deal with U.S.

biotech firm Cytokinetics ( CYTK ) to acquire certain rights in

Japan to an experimental heart drug, as the German group

strengthens its cardiovascular business with smaller

deals.

** Australia's Sayona Mining ( SYAXF ) will buy U.S.-based

Piedmont Lithium ( PLL ) in an all-stock deal that will

consolidate its Canadian operations and strengthen its exposure

to the North American electric vehicle sector, the companies

said.

** Donald Trump's social media company is in advanced talks

to buy crypto trading firm Bakkt ( BKKT/WS ), the Financial Times

reported on Monday, citing two people with knowledge of the

talks.

** Building products distributor QXO has made an

offer to acquire Beacon Roofing Supply ( BECN ), according to a

person familiar with the matter.

** Orla Mining ( ORLA ) will buy the Musselwhite Gold Mine

in Ontario from Newmont ( NEM ) in a deal valued at $850 million

that will help more than double its production of the precious

metal, the Canadian miner said on Monday.

(Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)

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