M&A

 Mergers & Acquisitions News (M&A)

• Germany and France are set to hold equal 40% stakes in tank maker KNDS ahead of its IPO which could fetch an over $25B valuation Reuters

• Pharma giant AbbVie will acquire anti-inflammatory-focused Apogee Therapeutics for $10.9B at a 50% premium Reuters

• Irish building materials group CRH will acquire US rival Arcosa in an $8.5B cash deal, including debt, at a 10% premium Wall Street Journal 

• UK budget airline EasyJet has rebuffed three separate offers from Castlelake, prompting the investment firm to go hostile with its $6.3B offer  Bloomberg

• Manchester United acquired a plot of land from a Blackstone-backed firm to build a new $2B stadium close to its Old Trafford home ground Bloomberg

• French foods giant Danone will acquire Australian drinks and dairy producer Made Group from TPG Capital for $1.4B and will also buy the remaining 49% stake in its JV with Saputo Dairy Australia  Yahoo.Finance

• Biggest shareholder Pointillist Family Office is pushing offshore energy services company $200M-listed SEACOR to explore a sale at a 300% premium  Bloomberg

• Agri-commodities giant Cargill is aiming to complete a sale of its metals unit by August Reuters