M&A news archive: page 25 of 31
Every deal story we have published, newest first, with value and status. Updated every morning.
- Engie agrees £10.5bn deal for UK Power NetworksThe French utility buys Britain's largest electricity distributor from the Li family's CK group, making the UK its second-biggest market.
- GSK agrees US$950m deal for 35PharmaThe British drugmaker adds a Canadian pulmonary hypertension candidate designed to avoid the bleeding risks of current activin-pathway drugs.
- ITOCHU bids ¥78bn to take food wholesaler ITOCHU-SHOKUHIN privateThe trading house raised its price repeatedly during talks with the target's special committee before settling on ¥13,000 a share to buy out minority investors.
- Verdane agrees £185.7m takeover of Augmentum FintechThe Nordic investor takes a fintech venture trust private, betting it can close a discount to net assets that public markets would not.
- ITOCHU takes 20% of Sun Frontier in ¥32bn renovation pushThe trading house is betting that refurbishing Japan's ageing office stock will replace scarce new-build supply.
- FIBRA Prologis bids for FIBRA Macquarie in Mexican logistics pushPrologis agreed to take over Macquarie's management contract and offered shares or cash for the trust, but rival bids followed and the offer lapsed.
- Haworth takes majority stake in Toronto furniture maker TaycoThe Michigan group adds Canadian manufacturing capacity and a casegoods line for its dealer network while leaving Tayco's management in place.
- JX Advanced Metals to absorb Toho Titanium in share swapThe semiconductor materials maker is folding in its listed titanium subsidiary while Nippon Steel is lined up for the sponge business.
- One River agrees to buy LGT Capital Partners' quant unitThe Connecticut risk-mitigation specialist gains its first European foothold and lifts assets by about a third.
- CECO Environmental agrees US$2.2bn deal for ThermonThe emissions-control specialist adds Thermon's heat-tracing and process heating business to ride power generation, reshoring and energy transition demand.
- Dongyangguang moves to take full control of Chindata in CNY8bn share dealA month after a CNY28bn buyout of ByteDance's main data-centre supplier, the HEC group's listed arm is folding the business into its own accounts.
- Wienerberger takes control of Italian tile maker ItalcerThe Vienna brick group buys into high-end ceramic surfaces to lean further into renovation demand.
- EPC and SSE call off civil explosives combinationThe French and Swiss groups had aimed to create Europe's largest civil explosives maker before talks broke down over governance.
- Gilead agrees US$7.8bn deal for ArcellxBuying out its cell-therapy partner removes profit-sharing and royalties on anito-cel before an expected launch in late-line multiple myeloma.
- Kinderhook agrees $1.1bn take-private of EnhabitThe home health and hospice operator gives up its NYSE listing, saying private ownership frees it from short-term public-market pressure.
- Experian buys email intelligence firm AtDataThe credit bureau adds a persistent digital identity signal to its fraud, marketing and credit products as AI raises the value of real-time data.
- Enel agrees US$1bn deal for Excelsior's US wind and solar plantsThe Italian utility buys operating US renewables rather than building them, lifting its North American clean capacity to about 13GW.
- ITOCHU lifts Hitachi Construction Machinery stake to 33.4% in ¥134bn buyout of JIPThe trading house takes full control of the joint holding vehicle it set up with Japan Industrial Partners in 2022, giving it a blocking minority in the excavator maker.
- Covetrus agrees US$3.5bn merger with Cencora's MWI Animal HealthThe drug wholesaler steps back from animal health, taking cash and a minority stake as MWI combines with a veterinary technology and pharmacy platform.
- nexfibre agrees £2bn deal for Netomnia owner Substantial GroupThe Virgin Media O2-linked fibre venture is buying the UK's second-largest altnet, setting up a CMA test of broadband consolidation.
- eBay agrees US$1.2bn deal for DepopEtsy sells its Gen Z resale app at a loss to its 2021 price, while eBay buys reach among under-35 fashion buyers.
- Liberty Global takes full control of VodafoneZiggoVodafone swaps its half of the Dutch joint venture for €1bn in cash and a minority stake in a new Benelux group headed for an Amsterdam listing.
- Organigram agrees €113m deal for Sanity GroupThe Canadian cannabis producer buys out the Berlin company to gain a leading position in Germany's fast-growing medical market.
- Superloop agrees A$165m deal for Lightning BroadbandThe ASX 200 broadband retailer is buying its own fibre network in new developments as it takes on NBN Co in greenfield estates.
- Dr. Reddy's enters hormone therapy with $32m Progynova purchaseThe Indian drugmaker buys the local rights to the market-leading estradiol brand from UK-based Mercury Pharma Group to bolster its gynaecology range.
- BayPine agrees to buy insurance broker Relation from AquilineA sponsor-to-sponsor deal for a Chicago broker built through more than 100 acquisitions in seven years.
- Danaher agrees US$9.9bn deal for MasimoThe life sciences and diagnostics group adds a pulse oximetry leader to its acute-care testing businesses, paying cash funded partly with new debt.
- Blackstone agrees deal for home services group ChampionsBlackstone's evergreen buyout vehicle backs a membership-based HVAC, plumbing and electrical roll-up, with seller Odyssey rolling over a minority stake.
- MTN agrees US$2.2bn deal to take full control of IHS TowersAfrica's largest mobile operator is buying back the towers it sold, valuing the NYSE-listed infrastructure group at about US$6.2bn including debt.
- Portland General agrees US$1.9bn deal for PacifiCorp's Washington utilityThe Oregon utility expands north of the Columbia while Berkshire Hathaway's PacifiCorp sheds a state whose policies it says have strained its finances.
