M&A
Shell closes $13.9 billion takeover of ARC Resources in Canada
Shell’s acquisition adds 370,000 boe/day of production and expands its Canadian footprint, funded through cash and new shares. The deal is expected to be accretive to free cash flow from 2027.
Nvidia to acquire AI platform Hugging Face for $12.9 billion
Deal would give chip giant control over open-source AI repository with $150 million in annualized revenue. Nvidia previously offered $500 million last year.
Energy Fuels completes rare earth metals acquisition in Australia
Energy Fuels acquires Australian Strategic Materials for an undisclosed sum, gaining a South Korean rare earth alloy plant and Australia’s Dubbo critical minerals project. Transaction expands U.S. firm’s NdFeB alloy capacity to 3,600 tonnes annually.
Sonic Automotive buys Porsche dealership in Walnut Creek
Dealership expands Sonic’s Porsche network to six locations. Terms undisclosed as company deepens Bay Area presence.
Innovate Corp sells broadcasting unit to CONX for $75 million
Transaction transfers 75% control of HC2 Broadcasting to CONX, with Innovate retaining a 25% stake and no immediate cash proceeds. Refinancing of $105 million loan completed alongside deal.
Wren House in €700 million deal talks for GIC’s data center stake
Kuwait Investment Authority’s infrastructure arm is nearing an €700 million purchase of an 80% stake in a European data center venture owned by Singapore’s sovereign wealth fund. Equinix retains a 20% stake.
Nasdaq closes acquisition of AI due diligence platform Dasseti
The deal integrates Dasseti’s AI-driven tools into Nasdaq eVestment to streamline manager research and monitoring for institutional investors. Financial terms were not disclosed.
Parse Biosciences found to infringe Scale patents in U.S. jury verdict
A Delaware jury awarded 10x Genomics over $4.8 million in damages for intentional infringement by Parse Biosciences, covering sales of Evercode Whole Transcriptome products from 2021 to mid-2026.
Stewart Information acquires Tower Title’s telecom title unit
Deal expands Stewart’s Energy & Infrastructure group with a national provider of telecom-focused title services. Terms remain undisclosed.
Parse Biosciences found liable for willful patent infringement in Scale case
A Delaware jury awarded 10x Genomics over $4.8 million in damages after finding Parse Biosciences infringed three Scale patents. The ruling covers sales from February 2021 through June 2026.
Cresco Labs buys PharmaCann’s Pennsylvania assets for $50 million
Deal expands Cresco’s medical cannabis footprint in Pennsylvania, adding nine dispensaries and wholesale operations to its Sunnyside brand portfolio.
Cresco Labs to acquire PharmaCann’s Pennsylvania operations for $50 million
Deal expands Cresco Labs’ footprint in Pennsylvania’s $1.1 billion medical cannabis market with nine retail dispensaries. Transaction includes cash and promissory note on a cash-free, debt-free basis.
Vertiv to acquire microgrid firm UtilityInnovation for up to $2.6 bln
Deal values UtilityInnovation at roughly 13x projected 2027 EBITDA, with $1.45 bln upfront and up to $1.15 bln earnout tied to performance targets. Expected to close in Q4 2026.
Lottomatica shares fall 9% as merger with Cirsa sparks dilution concerns
Italian gaming operator's stock drops to €22.51 after breaking key technical support amid concerns over an all-stock merger with Spanish rival Cirsa, valued at €2.8 billion.
Infracore submits binding bid for GZO Spital Wetzikon assets
Swiss healthcare real estate firm offers 55 million francs in cash for hospital properties, contingent on insolvency plan approval. Bid prioritizes continuity and deferred expansion funding.
UBS launches $8 billion tender offers for Credit Suisse debt
The offers target up to $8 billion in outstanding notes issued by Credit Suisse, now part of UBS, with no minimum tender requirement and no financing condition.
Lottomatica to buy Cirsa in €4 bln gaming merger
Italian betting operator Lottomatica will acquire Spain’s Cirsa to form the world’s second-largest listed gaming and sports betting group. Blackstone will retain a 24% stake in the combined entity.
Gooch & Housego acquisition clears U.S. antitrust review
Greenlight Bidco's $1.1 billion takeover of Gooch & Housego moves forward after U.S. antitrust clearance, pending final UK approvals.
Jyske Bank to acquire Formuepleje in $5.8 bln wealth manager deal
Danish lender Jyske Bank agreed to buy Formuepleje for 40 bln crowns, expanding its wealth management business and adding 14,000 clients. Deal expected to close in Q4 2026.
Jyske Bank to buy Formuepleje for up to 200 mln kroner in annual fee income
Danish lender Jyske Bank agreed to acquire wealth manager Formuepleje in a deal expected to close in Q4 2026, pending regulatory approval. The transaction targets 200 mln kroner in annual net fee income and aims to expand Jyske’s alternative investment offerings.
Jyske Bank agrees to acquire Danish wealth manager Formuepleje for DKK 40 bln
Deal adds DKK 40 billion in assets under management and 14,000 investors to Jyske Bank’s wealth platform. Integration targeted for Q4 2026, pending regulatory approval.
Angola-focused Etu Energias to buy Chevron’s oil blocks from Energean
Etu Energias agreed to acquire Chevron’s Blocks 14 and 14K in Angola for $260 million, matching a prior deal by Energean. The London-listed firm’s agreement remains pending amid competing bids.
Boliden to acquire control of Nexa Resources in share swap
Swedish miner Boliden will gain a 64.68% stake in Nexa Resources through a share exchange with Votorantim, with a full public offer to follow. Deal expected to close in Q1 2027 subject to shareholder and regulatory approvals.
Uber launches €41.50 per share bid for Delivery Hero
The all-cash offer values Delivery Hero at a 108% premium to its unaffected May 8 close and requires majority shareholder support, regulatory approvals and Prosus backing.