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Deals of the day-Mergers and acquisitions
Nov 26, 2024 3:04 AM

Nov 26 (Reuters) - The following bids, mergers,

acquisitions, and disposals were reported by 1030 GMT on

Tuesday:

** Switzerland's Roche will acquire its U.S.

collaboration partner Poseida Therapeutics ( PSTX ) in a cash

deal worth up to $1.5 billion, banking on complex immune cell

therapies against several types of blood cancer to boost its

development pipeline.

** Affinity Equity Partners, a Hong Kong-based buyout firm,

has concluded two acquisitions in Southeast Asia worth a

combined $1.65 billion, people with knowledge of the deals

said.

** Qualcomm's ( QCOM ) interest in acquiring Intel ( INTC )

is said to have cooled due to complexities associated with the

deal, Bloomberg News reported on Monday, citing people familiar

with the matter.

** Cloud-based streaming platform Brightcove ( BCOV ) said

on Monday that Bending Spoons will buy the company in a

transaction valued at about $233 million, adding to a string of

deals by the Italian tech firm as it bolsters its app

portfolio.

** Abu Dhabi's Mubadala Capital will take CI Financial ( CIXXF )

private in a C$12.1 billion ($8.66 billion) all-cash

deal, including debt, the Canadian asset and wealth manager said

on Monday.

** Regional lender Old National Bancorp ( ONB ) will buy

privately held Bremer Financial in a $1.40 billion

cash-and-stock deal, the companies said on Monday, creating a

combined bank with over $70 billion in assets.

** Summit Materials ( SUM ) said on Monday that rival

Quikrete would acquire the company in a deal valued at $11.5

billion, in a move to capitalize on higher demand for building

materials.

(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

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