Feb 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Gilead Sciences GILD.O said on Monday it will buy cancer drug developer Arcellx ACLX.O for an implied equity value of $7.8 billion.

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** Pinion Insurance has signed a purchase agreement to acquire an E&S licensed shell company as the newly launched fronting business targets securing authorization to begin underwriting business by the end of June.

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** Renault <RENA.PA> will buy out truckmaker Volvo Group's <VOLVb.ST> and shipping firm CMA CGM's stakes in their new-generation electric vans joint venture Flexis, the French carmaker said.

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** UK chemicals company Johnson Matthey <JMAT.L> agreed to sell its catalyst technologies business to Honeywell <HON.O> for a reduced price of 1.33 billion pounds ($1.80 billion), down from the previously agreed value of 1.8 billion pound.

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** Dubai-based aircraft lessor DAE Capital is closing in on a deal to buy control of leasing platform Macquarie AirFinance, two industry sources said.

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(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))