M&A

• Carlyle and Qatar's SWF QIA agreed to acquire a majority stake in German chemicals giant BASF's auto coatings business for $6.7B Reuters

  
  

• PE firm Warburg Pincus is in advanced talks to acquire a 30% stake in French diagnostics provider Sebia at a $6.4B valuation Bloomberg

  
  

• Johnson & Johnson is in talks to acquire $5.5B-listed biotech Protagonist Therapeutics   Yahoo.Finance

  
  

• Infrastructure investor I Squared Capital is planning a bid for German media group Ströer's core advertising business which could fetch a $4.1B valuation Bloomberg

  
  

• Pharma giant Bristol Myers Squibb agreed to acquire biotech Orbital Therapeutics for $1.5B cash  Bloomberg

  
  

• Citigroup rejected a $9.3B unsolicited bid from Mexican mining and transport conglomerate Grupo Mexico for its Mexican retail unit Banamex  Yahoo.Finance

  
  

• Pharma giant Novo Nordisk agreed to acquire Akero Therapeutics for up to $5.2B Bloomberg

  
  

• Mining giant Anglo American plans to relaunch a sale process for its Australian coking coal assets after Peabody Energy pulled out of a $3.8B deal  Financial Times 

  
  

• Canadian O&G producer Baytex Energy is weighing a sale of its US operations for $3B Bloomberg

  
  

• SoftBank's digital payment provider PayPay acquired a 40% stake in Binance's Japan unit Reuters

  
  

• Chicago-based accounting firm Crowe is considering a stake sale to PE firms  Wall Street Journal 

  
  

• UnitedHealth-backed healthcare firm Optum agreed to acquire primary care group Acton Medical Associates  Bloomberg

  
  

• Blackrock's GIP-backed Skyborn Renewables is looking to sell a stake in a German offshore wind farm  Reuters

  
  

• Diamondback Energy's mineral and royalty unit Viper Energy is exploring a sale of assets outside the Permian Basin  Reuters