Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Anglo American AAL rejected a takeover proposal from BHP Group BHP that valued the company at 29.34 pounds per share.

** Biogen BIIB said it had agreed to buy privately held Human Immunology Biosciences for up to $1.8 billion, bulking up on rare disease medicines as its older multiple sclerosis drugs face tepid demand due to rising competition.

** U.S. investment fund Oaktree Capital Management is not planning to sell Inter Milan immediately after it took control of the Italian soccer club following a missed debt payment, a source close to the matter said.

** Abu Dhabi National Oil Company (ADNOC) has bought Galp's GALP 10% stake in the Area 4 concession of the multi-billion-dollar natural gas project in Mozambique's Rovuma basin, its fourth international foray into gas.

** Admiral Acquisition AADMR will buy North American engineering and lab-testing services provider Acuren in a $1.85 billion deal, the blank-check company co-founded by dealmaker Martin E. Franklin said.

** Namoi Cotton NNAM asked shareholders to reject Dutch commodity merchant Louis Dreyfus' A$138.6 million ($92.39 million) offer to take full control of the cotton ginning firm, citing a better offer by Singapore's Olam Agri (IPO-OLAA.SI).

** Uruguay's antitrust regulator blocked Mexican breadmaking giant Bimbo's planned purchase of local breadmaker Pagnifique on Tuesday, citing risks to market concentration if Bimbo were able to carry out the deal.