M&A

 Mergers & Acquisitions News (M&A)

• Italian lender Intesa Sanpaolo made an unsolicited $35B cash-and-stock bid for peer BMPS just hours after rival Banco BPM proposed a $58B merger Reuters

• Hg-backed PE fund administrator Gen II is exploring a $6B sale Crypto Briefing 

• PAI Partners, the long-time PE partner of foods giant Nestle, dropped out of bidding for a 50% stake in its $5.8B water business Reuters

• French telecoms giant Orange acquired full ​ownership of MasOrange, ‌Spain's largest telecoms operator, after buying ​out JV partner ⁠Lorca in ⁠a $4.9B deal Global Newswire

• Food ingredients firm Ingredion agreed to acquire UK peer Tate & Lyle in a $3.6B cash deal at a 60% premium Reuters

• Swiss pharma giant Roche struck a deal with Nurix Therapeutics to license a blood-cancer drug for up to $2.3B Wall Street Journal 

• Biotech Incyte Pharma will acquire ​Vega ​Therapeutics, the blood disorder-focused subsidiary of Star Therapeutics, in a $2B deal Reuters

• Johnson & Johnson will ​acquire cancer biotech Firefly Bio for $1B cash Reuters

Carlyle agreed to acquire Korean home appliance rental platform Chungjo Nais for $700M Bloomberg