M&A
Monte dei Paschi launches €34bn takeover bids for Banco BPM and Banca Generali
Italian lender seeks to fend off Intesa Sanpaolo’s €36bn offer while creating a €466bn banking group with €810bn in client assets. Regulatory and shareholder approvals required by February 2027.
Leggett & Platt shareholders approve $1.2 billion Somnigroup merger
Shareholders of the diversified manufacturer backed the all-stock deal valued at $1.2 billion, with the transaction expected to close pending regulatory clearance.
LivePerson adjourns AI merger vote, reschedules to Sept. 2026
Preliminary results show over 97% support for SoundHound deal, but company remains short of required voting threshold. Special meeting adjourned after initial session.
Roots to be acquired by Marquee Brands for C$4.10 per share
Deal values Roots at C$115 million, offering a 36% premium to its March 2026 share price. Shareholders holding 69% of voting shares have already backed the transaction.
CK Hutchison seeks $1.5 bln in Panama port arbitration claim
Hong Kong conglomerate files claim after Panama's Supreme Court annulled port concessions, citing damages exceeding $1.5 billion. Dispute centers on Balboa and Cristobal terminals.
Canada regulator moves to block B&G Foods’ Green Giant sale to Nortera
Competition Bureau files tribunal challenge over proposed $1.2 billion deal for Green Giant and Le Sieur Canadian operations. B&G Foods vows to pursue alternatives.
Aker BP buys Apache’s Losgann/Froskelår stake, gains Slagugle operatorship
Norwegian explorer acquires 51% of Slagugle’s 50 million-barrel resource and operatorship of Losgann/Froskelår from Apache. Deals subject to regulatory approvals.
Commerzbank retires shares as UniCredit nears majority stake
UniCredit’s stake in Commerzbank rises to 49.65% after share buyback retirement, with 3.36% subject to conversion options. Commerzbank’s board had delayed retirement amid takeover dispute.
JD.com offers EU concessions in Ceconomy takeover probe
Chinese e-commerce giant proposes remedies to address Brussels' concerns over MediaMarkt-Saturn deal. EU regulator targets alleged state subsidies and deepens antitrust scrutiny.
JD.com offers EU remedies in Ceconomy takeover probe
Chinese e-commerce giant submits concessions to Brussels as EU regulators scrutinize $2.5 billion bid under foreign subsidies rules. China labels investigation as improper extraterritorial jurisdiction.
Banca Generali shares rise as MPS explores alternatives to Intesa bid
Italian lender considers share-swap offers for Banco BPM and Banca Generali as CEO seeks to counter Intesa Sanpaolo's €30.6 billion takeover. Shares in Banca Generali gain 1% amid the strategic maneuvering.
Ridgeview Partners to acquire Pinewood Technologies for £545m
Private equity firm Ridgeview Partners agrees to buy automotive software provider Pinewood Technologies in a £545 million cash deal valuing the company on a fully diluted basis. Shareholders face a 43% premium to the July 23 closing price.
Pilgrim’s Pride shares surge 6.5% on JBS takeover proposal
JBS offered 2.086 of its Class A shares for each Pilgrim’s Pride share, valuing the remaining public stake at $28.49 per share. UBS maintained a Buy rating on JBS following the non-binding proposal.
Munich Re to buy U.S. cyber insurer At-Bay for $575 million
German reinsurer Munich Re agreed to acquire At-Bay, a U.S. cyber insurance specialist, in a deal valued at $575 million. The transaction is expected to close in Q1 2027.
Munich Re buys U.S. cyber insurer At-Bay for $575 million
German reinsurer expands cyber insurance footprint with acquisition of At-Bay, a U.S. insurtech serving SMEs. Deal values At-Bay at $575 million, with projected 2025 gross premiums of $278 million.
EFG International sells Harris Allday to Canaccord Wealth
Private bank to transfer Frontoffice teams and client assets in Q4 2026 deal. Transaction expected to boost pre-tax profit by CHF 20 million and CET1 ratio by 30 bps.
BioMarin to buy Alesta Therapeutics for up to $490 million
Deal includes $275 million upfront for oral small-molecule therapy ALE1, with potential $215 million in milestones. Transaction expected to close in Q3 2026.
EFG sells UK wealth unit to Canaccord Wealth for strategic focus
EFG International to divest Harris Allday’s client assets and front-office teams to Canaccord Wealth, improving CET1 ratio by 30bps and boosting pre-tax profit by CHF 20 million. Deal expected to close Q4 2026.
Oasis urges Kakaku.com to reject EQT bid, seek higher price
Activist investor Oasis Management calls for Japanese online platform Kakaku.com to reject a 3,570 yen bid from EQT-led consortium, citing Bain Capital’s higher 3,640 yen offer as more realistic.
US digital infrastructure firm SDC Capital plans $1 bln Singapore REIT IPO
SDC Capital is exploring a real estate investment trust listing in Singapore to raise about $1 billion, potentially as soon as next year. Advisers have been engaged as deliberations continue.
KKR takes minority stake in India’s BookMyShow for live entertainment push
Global investment firm acquires undisclosed stake in India’s largest ticketing and live events platform. Deal subject to regulatory approvals.
Mining CEOs say regulatory hurdles won't block consolidation
Executives argue mergers remain viable despite stricter scrutiny on critical minerals, citing historical precedents and disciplined deal-making. Regulatory timelines stretch 12-18 months.
U.S. court postpones Google-Spirit Airlines data sale hearing amid union objections
Bankruptcy court adjourns Tuesday hearing to Sept. 9 after union raises privacy concerns over Spirit’s employee data included in $10 million sale to Alphabet unit.
JBS plans full acquisition of Pilgrim’s Pride in $6.8 bln deal
Brazilian meatpacker offers 2.086 of its shares per Pilgrim’s Pride share, valuing the U.S. poultry producer at $28.49 per share. Deal requires minority shareholder and independent director approval.