Deals of the day-Mergers and acquisitions
Adds Cycle Pharmaceuticals, Legendary Entertainment, Stellantis; Updates B. Riley, H Lundbeck,
Oct 14 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
** Stellantis STLAM.MI is not seeking to merge with or to buy other players, John Elkann, chairman of the French-Italian automaker, told news agency AFP, amid recent rumours of a tie-up with French competitor Renault RENA.PA.
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** Legendary Entertainment on Monday said it had completed a buyout of Chinese conglomerate Dalian Wanda Group's remaining stake in the movie studio and will be wholly owned by Apollo Global APO.N
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** H Lundbeck A/S HLUNb.CO has agreed to buy U.S.-based Longboard Pharmaceuticals LBPH.O for $2.6 billion, marking the biggest deal ever by the Danish drugmaker as it seeks to bolster its portfolio with a potential blockbuster epilepsy drug.
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** UK-based Cycle Pharmaceuticals reaffirmed its offer to buy Vanda Pharmaceuticals VNDA.O in a deal that values the U.S. drugmaker at $488 million, despite a regulatory setback for its stomach condition drug in September.
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** B. Riley RILY.O on Monday agreed to sell its Great American unit, which helps companies determine the value of their assets, to investment firm Oaktree Capital in a $386 million deal that would pare its debt and bolster the balance sheet.
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** Hong Kong-listed chip equipment maker ASMPT 0522.HK said it has received a takeover bid, but did not name the potential acquirer nor give any financial details.
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** Catalent CTLT.N has agreed to sell its oral drug development and small-scale manufacturing facility in Somerset, New Jersey to private contract drug manufacturer Ardena, the companies said.
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** Private equity firm MBK and Young Poong 000670.KS have secured a more than 5% stake in Korea Zinc 010130.KS through a tender offer that closed, Young Poong said in a regulatory filing.
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** Parcel locker company InPost INPST.AS is in "very advanced talks" to buy the 70% stake it does not already own in British logistics firm Menzies, Sky News reported.
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** South Korean conglomerate Hanwha Group raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac DMHL.SI, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million).
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** Singapore will block a bid by German insurer Allianz ALVG.DE to buy a majority stake in Singapore's Income Insurance but remains open to a new deal if its concerns can be addressed, Prime Minister Lawrence Wong said in a Facebook post. nL1N3LQ06I
** British luxury brand Mulberry MUL.L said it is working with advisers to evaluate Frasers' FRAS.L sweetened 111 million pound ($145.1 million) takeover proposal, after its top investor Challice declined to sell shares to the sportswear retailer. nL4N3LQ0BX
(Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru)
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