Deals of the day-Mergers and acquisitions

Reuters03-25
Deals of the day-Mergers and acquisitions

March 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** German private equity fund Aurelius is interested in buying the Belgian unit of French retailer Carrefour <CARR.PA>, Brussels-based L'Echo newspaper reported, citing unidentified sources.

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** Bain Capital said it would launch an open offer on April 6 to purchase a 26% stake in Indian non-bank lender Manappuram Finance <MNFL.NS> from public shareholders.

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** Pharmaceutical company Merck <MRK.N> is nearing a roughly $6 billion all-cash deal to acquire biotech firm Terns Pharma <TERN.O>, the Financial Times reported on Tuesday, citing people familiar with the matter.

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** Australia's Pepper Money <PPM.AX> said it has rejected the takeover proposal from Challenger <CGF.AX> as the offer was not "reasonably capable of execution", a week after the bidders lowered the price, citing worsening market conditions.

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** Victory Capital <VCTR.O> said on Tuesday it had withdrawn its roughly $8.6 billion proposal to buy Janus Henderson <JHG.N>, exiting a drawn-out bidding war hours after Nelson Peltz's Trian Fund Management and General Catalyst raised their offer for the asset manager.

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(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Sahi.Pandey@thomsonreuters.com))

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