Deals of the day-Mergers and acquisitions

Reuters18:47
Deals of the day-Mergers and acquisitions

Feb 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:

** GSK <GSK.L> has agreed to pay $950 million in cash for Canadian biotech 35Pharma, marking the second major deal new CEO Luke Miels has struck to accelerate development of new medicines at the British drugmaker.

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** South Korea's LG Energy Solution <373220.KS> is selling its 7.5% stake, or shares worth at least A$419 million ($297.99 million), in Australian lithium producer Liontown <LTR.AX> in a block trade, according to a term sheet.

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** French payments group Worldline <WLN.PA> said it would sell its Indian payment services business to BillDesk for an estimated equity value of around 60 million euros ($71 million).

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** Payments firm Stripe is considering an acquisition of PayPal <PYPL.O> or parts of the digital payments pioneer, Bloomberg News reported on Tuesday, citing people familiar with the matter.

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(Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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