Adds: Asian Paints Updates: Merck
June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** Asian Paints <ASPN.NS> said it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel India <AKZO.NS> via bulk deals.
nL4N3T60XB
** Merck <MRK.N> will buy UK-based Verona Pharma <VRNA.O> for about $10 billion, the companies said, strengthening the U.S. firm's presence in respiratory treatments as it readies for the patent expiry of its blockbuster cancer drug.
nL4N3T60PO
** Uniper <UN0k.DE> said it would sell its 18.26% shareholding stake in AS Latvijas Gaze to Energy Investments SIA, as the German utility fulfills one of the conditions of a government bailout it received in 2022.
nFWN3T608Q
** Italy's Leonardo <LDOF.MI> has agreed to buy Sweden's Axiomatics, a source told Reuters , marking a further step in the company's efforts to expand its cybersecurity business.
nL8N3T608A
** Tokio Marine Group's corporate member, Tokio Marine Underwriting Limited (TMUL), has launched an offer to buy out Names capacity on Syndicate 510, three senior market sources told The Insurer.
nL6N3T40MA
** Parcel locker firm InPost <INPST.AS> has acquired Spanish delivery company Sending to enhance its presence in the Iberian Peninsula and integrate the 24-hour door-to-door delivery service previously provided by Sending, it said.
nL8N3T607C
** Meta Platforms <META.O> has acquired a nearly 3% stake in eyewear maker EssilorLuxottica <ESLX.PA>, a source told Reuters on Tuesday, amid growing consumer interest in AI-powered wearable devices.
nL4N3T519Y
(Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.