(Adds: Revance Therapeutics ( RVNC ), Enterprise Bancorp ( EBTC ), Novolex,
Arthur J Gallagher ( AJG ), Dow Updates: Omnicom Group ( OMC ))
Dec 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:
** Anti-wrinkle injection maker Revance Therapeutics ( RVNC )
has agreed to be bought for $3.10 per share by
privately held Crown Laboratories, instead of the $6.66 per
share agreed previously, the two companies said.
** Enterprise Bancorp ( EBTC ) and Independent Bank
, the parent of Rockland Trust, have agreed to merge in
a cash-and-stock deal valued at $562 million, they said, as
regional lenders continue to consolidate their operations.
** Apollo Global Management ( APO )-owned Novolex will
buy packaging products maker Pactiv Evergreen ( PTVE ) in a $6.7
billion deal, the companies said.
** Arthur J Gallagher ( AJG ) said it would acquire
insurance broker AssuredPartners in an all-cash deal worth
$13.45 billion, as it looks to bolster its focus on property and
casualty and employee benefits across the U.S.
** Omnicom Group ( OMC ) has struck a $13.25 billion
all-stock deal to buy rival Interpublic Group, creating
the world's largest advertising agency as traditional players
look to better compete with Big Tech firms amid accelerating use
of AI.
** Dow said it would sell a 40% stake in some
U.S. Gulf Coast infrastructure assets to a fund managed by
Macquarie Asset Management for $2.4 billion as it looks to focus
more on its core chemicals business.
** Nature Infrastructure Capital and Davidson Kempner
Capital Management said that they had jointly acquired the
Dutch-based solar power and storage project development platform
of Greencells Group.
(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)