Deals of the day-Mergers and acquisitions

Reuters01-20 22:55
Deals of the day-Mergers and acquisitions

Adds: Acrisure, Netflix, Abivax, Universal Music Group

Jan 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

** Britain's GSK GSK.L has agreed to buy RAPT Therapeutics RAPT.O for $2.2 billion, accessing the U.S. biotech's experimental drug to treat food allergies as it seeks new medicines ahead of patent losses for a top-selling HIV drug.nL6N3YL0BU

** Netflix NFLX.O has switched to an all-cash offer for Warner Bros Discovery's studio and streaming assets without increasing the $82.7 billion price in a bid to shut the door on Paramount's rival efforts to snag the Hollywood giant. nL4N3YL106

** Abivax Chief Executive Marc de Garidel dismissed as "noise" reports in the French press that Eli Lilly LLY.N may take over his company, and said market speculation about an ongoing review by French authorities was inconsistent with how French foreign-investment oversight works. nL6N3YG1CC

** Acrisure has completed the rebrand of two of its UK insurance broking acquisitions, bringing heritage brokers Russell Scanlan and WH&R McCartney under the Acrisure name, the broker said. nL6N3YL0RS

** Universal Music Group UMG.AS is set to secure EU antitrust approval for its $775 million bid for Downtown Music after regulators signalled acceptance of its offer to sell the latter's royalty services platform, people with direct knowledge of the matter said. nL1N3YL0IB

** New Zealand's Fletcher Building FBU.NZ said on Tuesday it will sell its construction division to a unit of French infrastructure firm VINCI SA SGEF.PA for NZ$315.6 million ($182.76 million). nL6N3YK12J

** Zurich Insurance Group ZURN.S has made a 7.67 billion pound ($10.3 billion) offer for speciality insurer Beazley BEZG.L, going public with an improved bid that sent shares in the British company up 40% on Monday. nL6N3YK0S9

** Italian multi‑utility firm Hera said on Monday it had agreed to acquire water treatment group Sostelia in a deal worth 138 million euros ($161 million) including debt, boosting its position in the treatment of industrial and civil water. nL8N3YK0Z8

** Mexican conglomerate Grupo Carso GCARSOA1.MX, controlled by magnate Carlos Slim, will buy out Lukoil LKOH.MM to hold a full stake in the Ichalkil and Pokoch offshore oil fields, the firm said in a filing on Monday. nL1N3YK0GQ

** Goldman Sachs-backed UK broker consolidator Clear Group has made its first acquisition of 2026 with a deal to buy insurance broker Shire Insurance Services Limited (SIS). nL6N3YK0PQ

** Specialty MGA Optio Group on Monday announced that it has completed its acquisition of the remaining 75% stake in Italian MGA Heca S.r.l for an undisclosed sum. nL6N3YK0NI

** Private equity firm Everstone will sell its entire 11.26% stake in Burger King's India and Indonesia franchisee Restaurant Brands Asia RESR.NS, as part of a deal to be announced on Tuesday, two people with direct knowledge of the matter said. nL4N3YK0MY

(Compiled by Rajarshi Roy and Kunal Das in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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