Deals of the day-Mergers and acquisitions

Published 02-04-2019, 01:51 am
Updated 02-04-2019, 02:00 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Salzgitter and J. Safra Sarasin Group, Updates Kellogg)

April 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Monday:

** U.S. food group Kellogg Co K.N has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for $1.3 billion as it focuses on its core cereals and snacks businesses. Salzgitter's SZGG.DE chief executive will look at any assets that Thyssenkrupp TKAG.DE and India's Tata Steel TISC.NS could divest as part of anti-trust remedies being offered to help their planned joint venture deal, he said. J. Safra Sarasin Group BKSNF.PK has agreed to buy Lombard Odier's private banking business in Gibraltar, the Swiss wealth manager said without giving any financial terms. Swiss logistics group Panalpina PWTN.S has bowed to an increased 4.6 billion Swiss francs ($4.6 billion) bid from Danish rival DSV DSV.CO , ending more than two months of a takeover battle designed to build scale in the consolidating transport sector. Japan's Idemitsu Kosan Co Ltd 5019.T formally took over its smaller peer Showa Shell (LON:RDSa) Sekiyu KK, cementing its position as the country's No. 2 refiner as the sector consolidates to cope with falling national oil consumption. Novartis NOVN.S said it had agreed to pay $310 million upfront, with the possibility for more later, for some research assets of Boston-based inflammation specialist IFM Therapeutics as the Swiss drugmaker expands its immunology pipeline. Austrian building materials firm Wienerberger WBSV.VI , the world's biggest brickmaker, has agreed to buy British roofing company Building Product Design Group for an undisclosed amount, Wienerberger said. French advertising group Publicis PUBP.PA is in talks to buy Alliance Data System's ADS.N Epsilon marketing unit, which some media reports have valued at around $5 billion. U.S. marijuana company Cresco Labs Inc CL.CD said it would buy pot distributor Origin House for about C$1.1 billion ($823.29 million) as it seeks to become a leading player in California's cannabis market.

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