Mergers and acquisitions

About this update from Olam Group Limited

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:** Sunway's MYX:SUNWAY said on Monday its conditional voluntary takeover offer for IJM Corp MYX:IJM had lapsed after failing to meet the acceptance condition by the 5 p.m. close, ending the Malaysian conglomerate's bid for the construction and property group. ** Neurocrine Biosciences will acquire rare-disease drugmaker Soleno Therapeutics for $2.9 billion in cash, the companies said, marking the neuroscience-focused drugmaker's expansion into metabolic disorders.** Singapore-based Olam Group said it has agreed to sell its IT and digital services business, Mindsprint, to Indian IT services firm Wipro for an enterprise value of $375 million.** KNDS France - a unit of German tank maker KNDS - has completed its takeover of French company Texelis Defense for an undisclosed financial amount, said KNDS France.

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