Deals of the day-Mergers and acquisitions
Adds: Stericycle, Edwards Lifesciences, Pershing Square Capital Management, LexisNexis, STC Group Updates: Waste Management
June 3 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
** Waste Management said it will take Stericycle SRCL.O private in a deal valued at $7.2 billion, as it looks to tap into the growing healthcare waste disposal market in the United States. nL4N3I12IE
** Edwards Lifesciences EW.N said it has agreed to sell its critical care products unit to Becton Dickinson BDX.N in an all-cash deal valued at $4.2 billion to sharpen focus on its heart devices business. nL4N3I12E9
** Billionaire Bill Ackman's Pershing Square Capital Management has raised $1.05 billion by selling 10% stake in the hedge fund to a consortium of institutional investors and family offices, it said. nL4N3I12IA
** LexisNexis, the legal intelligence firm owned by RELX REL.L, said it had agreed to buy Belgium tech company Henchman to help bring its generative AI capabilities to its law firm customers' in-house data. nL8N3I12IN
** Saudi Arabia's STC Group 7010.SE is in the early stages of considering an offer for European telecom and pay-TV operator United Group, according to three people with knowledge of the potential deal. nL8N3HY2EZ
** Thai entertainment platform GMM Music said Tencent 0700.HK and Tencent Music Entertainment 1698.HK will acquire a 10% stake in the company for $70 million, solidifying its spin-off plan. nL4N3I11HX
** Blackstone BX.N raised its offer for Hipgnosis Songs Fund SONG.L by a cent to $1.31 per share, valuing the music rights owner of artists such as Shakira and Red Hot Chili Peppers at $1.58 billion. nL4N3I11CL
** APM Human Services International APM.AX said it would be bought by U.S.-based private equity firm Madison Dearborn Partners (MDP) in a deal valuing the Australian company's equity at A$1.3 billion ($865.2 million). nL1N3I00NW
** Skydance Media's revised offer to buy Shari Redstone's family company National Amusements and merge with Paramount Global PARA.O gives the company's nonvoting shareholders an option to cash out at a premium, the Wall Street Journal reported on Sunday. nL4N3I00HQ
** Nippon Steel's vice chairman 5401.T plans to return to the United States this week for more talks over the proposed acquisition of U.S. Steel X.N and would study selling some assets if necessary for the deal to go through. nL8N3HY17P
(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
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