M&A deals roundup: AbbVie, Blackstone, Take-Two Interactive and more

seekingalpha

03 Nov 2024

Edwin Tan

Companies that grabbed headlines in the deals space include:

AbbVie (NYSE:ABBV) has agreed to acquire all outstanding equity of neuroscience-focused biotech Aliada Therapeutics for $1.4B in cash.

Stericycle (NASDAQ:SRCL) disclosed that all the closing conditions for its planned $ 62-a-share sale to Waste Management (NYSE:WM) have been received.

Maersk (OTCPK:AMKBY) CEO Vincent Clerc said the shipping and logistics company won't be participating in the GXO Logistics (NYSE:GXO) sales process.

Blackstone (NYSE:BX) is the mystery investor who bid for a $7 billion minority stake in Roger Communication Inc.'s (NYSE:RCI) cell phone infrastructure business.

Siemens (OTCPK:SIEGY) (OTCPK:SMAWF) agreed to buy Altair Engineering (NASDAQ:ALTR) for $113 a share in cash, or a total deal value of $10.6 billion, the companies announced Wednesday.

Take-Two Interactive (NASDAQ:TTWO) ticks higher on report it's in talks to sell adtech division.

Cleveland-Cliffs (NYSE:CLF) said it won the final approvals needed for its planned $2.5 billion purchase of Stelco (OTCPK:STZHF) and the deal is scheduled to close on Friday.

GSK (NYSE:GSK) has agreed to acquire lupus drug candidate CMG1A46 from Chimagen Biosciences for $300M upfront plus potential milestone payments of up to $550M.

GlycoMimetics (NASDAQ:GLYC) soared 155% in premarket trade after it said it has entered into an acquisition agreement with privately-held firm, Crescent Biopharma.

Rapid7 (NASDAQ:RPD) surged 4.5% after a report that it's exploring options after getting takeover interest from private equity shops.

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Stericycle  disclosed that all the closing conditions for its planned $ 62-a-share sale to Waste Management  have been received. Maersk  CEO Vincent Clerc said the shipping and logistics company won't be participating in the GXO Logistics  sales process. Blackstone  is the mystery investor who bid for a $7 billion minority stake in Roger Communication Inc.'s  cell phone infrastructure business. Siemens   agreed to buy Altair Engineering  for $113 a share in cash, or a total deal value of $10.6 billion, the companies announced Wednesday. Take-Two Interactive  ticks higher on report it's in talks to sell adtech division. Cleveland-Cliffs  said it won the final approvals needed for its planned $2.5 billion purchase of Stelco  and the deal is scheduled to close on Friday. 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Maersk (OTCPK:AMKBY) CEO Vincent Clerc said the shipping and logistics company won't be participating in the GXO Logistics (NYSE:GXO) sales process. Blackstone (NYSE:BX) is the mystery investor who bid for a $7 billion minority stake in Roger Communication Inc.'s (NYSE:RCI) cell phone infrastructure business. Siemens (OTCPK:SIEGY) (OTCPK:SMAWF) agreed to buy Altair Engineering (NASDAQ:ALTR) for $113 a share in cash, or a total deal value of $10.6 billion, the companies announced Wednesday. Take-Two Interactive (NASDAQ:TTWO) ticks higher on report it's in talks to sell adtech division. Cleveland-Cliffs (NYSE:CLF) said it won the final approvals needed for its planned $2.5 billion purchase of Stelco (OTCPK:STZHF) and the deal is scheduled to close on Friday. GSK (NYSE:GSK) has agreed to acquire lupus drug candidate CMG1A46 from Chimagen Biosciences for $300M upfront plus potential milestone payments of up to $550M. 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