Germany's Merck has agreed to acquire Bio-Techne Corp. in an all-cash deal valuing the U.S.-based life sciences tools company at about $11.3 billion, including debt, the companies said Thursday.
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TOP NEWS

2 Firms Lead Merck's $11.3B Bio-Techne Life Sciences Deal

By Al Barbarino

Germany's Merck has agreed to acquire Bio-Techne Corp. in an all-cash deal valuing the U.S.-based life sciences tools company at about $11.3 billion, including debt, the companies said Thursday.

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Kirkland, Paul Weiss Guide Bain's €7.4B VW Unit Deal

By Najiyya Budaly

U.S. investment company Bain Capital will buy a majority stake in Volkswagen's marine and power engines subsidiary Everllence in a deal valued at €7.4 billion ($8.4 billion), the companies said Thursday.

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Ashurst, Perkins Coie-Led HB Fuller Bids £715M For UK Biz

By Najiyya Budaly

H.B. Fuller has agreed to acquire British wound care technology developer Advanced Medical Solutions for £715 million ($943 million) as the U.S. adhesives maker expands its medical business, the companies said on Thursday.

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DEALS

Eversheds Steers £35M Pension Deal For UK Architect Body

By Tom Fish

The Royal Institute of British Architects has completed a retirement savings plan's buy-in worth £35 million ($46 million) with Pension Insurance Corp. PLC to secure the retirement benefits of 168 members, PIC said Thursday.

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Fieldfisher, Burges Salmon Steer 'Landmark' Pension Deal

By Joel Poultney

James Neill Pension Plan has penned a "landmark" capital-backed investment deal with Portunes Pension Capital, marking only the second such transaction in Britain's retirement savings market, legal advisers on the deal have said.

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EasyJet Rebuffs £4.9B Castlelake Bid, Open To Higher Offer

By Najiyya Budaly

The board of easyJet said Thursday that it has batted away a fourth approach from Castlelake LP for "substantially undervaluing" the budget airline at £4.9 billion ($6.5 billion), but said that it is open to "a more attractive proposal."

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Business Parks Owner To Sell 2 Sites, Buy 3 For £12.6M

By Dawood Fakhir

Business parks owner Sirius said Thursday that it has agreed to sell two non-core assets for £5.3 million ($7 million) and use the proceeds to partially fund the purchase of three British self-storage projects for £12.6 million.

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Tropic Biosciences Buys Banana Biz For $20M

By Dawood Fakhir

Venture capital firm Agronomics said Thursday that its portfolio company Tropic Biosciences has acquired banana propagation company Rahan Meristem for $20 million to become "a fully integrated banana genetics leader."

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Brief

ArentFox Schiff Advises BP Marsh On $5M Investment

By Irene Madongo

B.P. Marsh & Partners PLC said Thursday that it has agreed to put $5.1 million into Autonomy, a new investment vehicle that aims to back independent U.S. insurance distribution businesses.

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LAW FIRMS IN TODAY'S NEWS

Addleshaw Goddard

ArentFox Schiff

Ashurst LLP

Burges Salmon

Carey Olsen

Clifford Chance

Eversheds Sutherland

Fieldfisher

Gleiss Lutz

Kirkland & Ellis

Linklaters LLP

Milbank LLP

Paul Weiss

Perkins Coie

Sidley Austin

Slaughter and May

Sullivan & Cromwell

COMPANIES IN TODAY'S NEWS

Advanced Medical Solutions Group PLC

BNP Paribas SA

Bio-Techne Corp.

CVC Capital Partners Ltd.

Castlelake LP

Evercore Inc.

H.B. Fuller Co.

London Stock Exchange Group PLC

MAN SE

Merck & Co. Inc.

MilliporeSigma

Perella Weinberg Partners LP

Schroders PLC

Techne Corp.

The Goldman Sachs Group Inc.

Versum Materials Inc.

Volkswagen AG

easyJet plc