(Adds: FalconX, Alkermes) Oct 22 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** FalconX said it will buy crypto investment management firm 21shares, as the digital assets trading firm looks to expand its exchange-traded funds offerings. ** Alkermes < ALKS.O > said it will acquire Avadel Pharmaceuticals < AVDL.O > in a deal valued at up to $2.1 billion, gaining an approved sleep-disorder treatment and expanding into the sleep-medicine market. ** GE Vernova said on Tuesday it would pay $5.28 billion to buy the 50% stake it does not already own in transformer-maker Prolec GE as the artificial intelligence boom fuels grid equipment demand. ** Warner Bros Discovery's board rejected a nearly $60 billion offer from Paramount Skydance on Tuesday, a source said, and the company announced it would explore its options for the sale of the company. (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
