Commodities trader Glencore will close the books for its planned $11 billion initial public offering a day ahead of schedule, underscoring strong investor demand for its shares despite volatile commodity markets. A source told Reuters on Friday the offer was already “multiple times covered” across the price range, but part of that success is due to the relatively small stake in the company being placed with funds and to Glencore’s size, which makes it a must-buy for many.

Takeda, Japan’s largest drugmaker, said on Friday it has not agreed to¬† buy Swiss rival Nycomed, following reports it was in talks to buy the privately held company for more than $12 billion. “Takeda is constantly seeking and evaluating opportunities to increase shareholder value and enhance our business through strategic investment; however, there is nothing that needs to be announced at this point,” Takeda said on its website.

Yum Brands is adding Chinese hot pot to its menu of fast-food restaurants with an offer to buy out China’s Little Sheep for $586 million, paying a premium to introduce the popular chain to a global audience and sending the restaurant’s shares to a record. Analysts said the deal was positive for both Yum Brands, the parent of KFC, Taco Bell and Pizza Hut, as it expands in China and for Little Sheep, which has more than 300 restaurants, primarily in China, as it would help save costs.