Swiss drugmaker Novartis said on Monday it had agreed to pay up to $1.5 billion for U.K.-based biotechnology firm Myricx Bio in a deal expected to close in the second half of 2026. In a statement, Novartis said it...
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Lockheed Martin leads race for Advent’s Ultra Maritime in $3.5 billion deal, FT reports
Lockheed Martin is leading the race to acquire Ultra Maritime, owned by private-equity firm Advent International, in a deal that could value the naval defence business at about $3.5 billion, the Financial Times...
MacRitchie to sell up to $200 million stake in India’s PB Fintech, term sheet shows
MacRitchie Investments plans to sell up to $200 million worth of shares in PB Fintech, the Indian online insurance and lending marketplace that runs Policybazaar and Paisabazaar, according to a term sheet seen by...
Australia orders in-depth review of Exxon-opposed Subsea7-Saipem merger
An Australian watchdog said on Friday the proposed merger between energy contractors Subsea7 and Saipem will proceed to a Phase 2 review, citing concerns that a deal could trim competition in domestic offshore oil and...
Yara buys Texas ammonia plant for $1.3 billion
Norwegian fertiliser maker Yara said on Thursday its subsidiary had agreed to buy Gulf Coast Ammonia’s production plant in Texas from GCA Holdings LLC for $1.3 billion. The deal follows Yara’s decision...
SoftBank’s LY, Bain raise Kakaku bid again with $4.1 bln valuation
SoftBank’s LY Corp and Bain Capital have again raised their bid for Kakaku.com, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening the gap over a rival offer...
CMA CGM to buy FedEx third-party logistics arm for $1.4 billion
CMA CGM has agreed to buy FedEx’s third-party logistics business for an enterprise value of $1.4 billion as the French shipping group seeks to expand its presence in the logistics sector and in the United States...
Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up
U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, it said on Wednesday, strengthening its presence in the Midwest and the Mid-Atlantic region. Its first transaction under...
ING close to buying 40% stake in Spain’s Singular, source says
ING Spain is close to finalising the purchase of a 40% stake in Singular Bank as part of its plans to enter the Spanish private banking sector, a person with knowledge of the matter said on Wednesday. The deal, first...
Mega-deals fuel record M&A as boards dream big on takeovers
A surge in $10-billion-plus “mega-deals” drove global M&A to record levels in the first half of 2026, LSEG data shows, as some companies took advantage of an easier regulatory backdrop to pursue what...
OpenAI proposes handing Trump administration 5% stake, FT reports
OpenAI has discussed giving the U.S. government a 5% stake, the Financial Times reported on Thursday, as AI firms face growing scrutiny in Washington over the potential misuse of advanced models and whether Americans...
South32 to sell bulk of aluminium portfolio to Alcoa for up to $5.6 billion
Australia’s South32 said on Wednesday it has agreed to sell most of its aluminium assets to Alcoa for an implied enterprise value of up to $5.6 billion, as the diversified miner streamlines its business to focus...
