DEAL OF THE DAY: Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain’s continental shelf in 2019, following its purchase of Shell’s upstream oil and gas licenses in Denmark, its chairman told Reuters.
20 PLUS OTHER DEALS
** Novartis AG will acquire U.S.-based cancer drugmaker Endocyte Inc for $2.1 billion in cash as the Swiss drugmaker expands its radiopharmaceuticals business, the companies said.
** Private equity giant Blackstone Group has quite a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid.
** Linde said it had no knowledge of its planned merger with Praxair being given the green light, denying a media report which said the deal had passed anti-trust hurdles in the United States.
** Acadia Healthcare Co Inc, a U.S. operator of behavioral health centers, is in talks with private equity firms about selling itself after attracting buyout interest, people familiar with the matter told Reuters.
** Italian construction company Salini Impregilo is looking at the assets of troubled builder Astaldi but any eventual deal must happen soon, a source close to the company said.