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Deals of the day-Mergers and acquisitions
Oct 27, 2025 3:19 AM

Oct 27 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1000 GMT on Monday:

** India's renewable energy service company OMC Power, backed by

Japan's Mitsui & Co ( MITSF ) and Chubu Electric Power ( CHUEF ),

said that Japanese automaker Honda Motor ( HMC ) has taken an

equity stake in the company to jointly build clean energy

storage batteries.

** Australia's Larvotto Resources ( LRVTF ) said it had rejected

a non-binding indicative offer received last week from United

States Antimony Corporation, valuing the miner at about A$722.9

million ($469.74 million).

** Swiss drugmaker Novartis on Sunday said it agreed to

acquire U.S. biotech firm Avidity Biosciences ( RNA ) for about

$12 billion in cash, as the company looks to bolster its

portfolio of treatments for rare muscle disorders.

(Compiled by Rajarshi Roy and Anhata Rooprai in Bengaluru)

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