Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Johnson & Johnson JNJ unit Janssen Global Services said on Saturday it does not intend to make an offer for biotech company Horizon Therapeutics (HZNP.O).

** Origin Energy Ltd ORG and its Canadian pension fund partner have dropped out of the running to acquire Australian renewable energy developer CWP Renewables, two sources with direct knowledge of the matter said.

** Italy's biggest construction group Webuild SpA WBD said it has dropped the proposed acquisition of Australian rival Clough.

** National Grid NG. said it expects to complete sale of a 60% stake in its British gas transmission and metering business by Jan. 31 after meeting all the conditions for the deal.