Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 1440 GMT on Monday:
** Zimmer Biomet <ZBH.N> will acquire robotics firm Monogram Technologies <MGRM.O> for about $177 million, adding Monogram’s semi and fully autonomous surgical products to its expanding robotics portfolio, the companies said.
** U.S. regional lender Huntington Bancshares <HBAN.O> will buy Texas-based smaller rival Veritex Holdings <VBTX.O> in a $1.9 billion all-stock deal, as it looks to expand its presence in the state that is fast emerging as a major financial hub.
** Lab equipment maker Waters Corp <WAT.N> will merge with rival Becton, Dickinson and Company's <BDX.N> Biosciences & Diagnostic Solutions unit in a $17.5 billion deal, the companies said, creating a larger entity focused on high-volume medical testing.
** German energy firm Techem will remain in the hands of Partners Group <PGHN.S> after its sale to U.S. financial investor TPG <TPG.O> fell through in May, Techem and Partners said, confirming an earlier report.
** Australia's Abacus Storage King <ASK.AX> received a sweetened takeover offer from a consortium comprising a South African billionaire, valuing the firm at A$2.17 billion ($1.42 billion) and sending its shares soaring over 7%.
** India's VIP Industries <VIPI.NS> announced that Chairman Dilip Piramal and his family have entered an agreement with the Multiples Consortium to sell a stake of up to 32% in the company.