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Deals of the day-Mergers and acquisitions

ReutersOct 20, 2025 8:26 PM

- The following bids, mergers, acquisitions and disposals were reported by 20:00 GMT on Monday:

Toronto-listed miner Gold Reserve GRZ.V accused firms advising a U.S. court on the auction of Citgo Petroleum's parent of receiving some $170 million in fees from a bidder that was recommended as the winner of the process and parties that would obtain proceeds as a result. nL1N3W10FE

Brazilian state-run lender BRB BSLI3.SA has given up on its pursuit of distressed peer Banco Master, two people familiar with the matter told Reuters. nL1N3W10BG

*Gucci owner Kering PRTP.PA has agreed to sell its beauty business to L'Oreal OREP.PA for 4 billion euros ($4.7 billion), the first major gambit by new CEO Luca de Meo as he stamps his mark on the luxury group and cuts back its debt pile. nL2N3W004J

French IT group Atos ATOS.PA reported a sharp drop in quarterly revenue, owing to key contract losses, and said it would only target acquisitions from 2026. nL8N3W10WB

Taiwan's Yageo 2327.TW has completed a tender offer for Japan's Shibaura Electronics 6957.T with an 87.3% acceptance rate, the electronic components maker said. nL4N3W10M0

Dye & Durham's DND.TO second-largest shareholder Plantro withdrew its proposal to acquire the Canadian legal software maker and may reduce or exit its holdings, citing deteriorating financial results and a lack of board engagement. nL4N3W10JA

Pan-European exchange operator Euronext ENX.PA said it remained committed to transforming the Athens Stock Exchange into a financial gateway for southeastern Europe, but ruled out raising its offer to acquire the Greek bourse. nL1N3W1088

Global events company MARI said it has acquired TodayTix Group (TTG), getting access to its platforms that sell tickets for live performances ranging from operas in New York to plays by London's Royal Shakespeare Company. nL4N3W10H2

Holcim said it will buy German walling systems maker Xella for 1.85 billion euros ($2.16 billion), a move aimed at tapping the growing European building refurbishment market.nL5N3W103B

Activist investor Jana Partners has built a stake in medical device maker Cooper Companies and plans to push for strategic alternatives, two sources familiar with the matter said on Sunday. nL3N3W100I

Australia's Larvotto Resources said it had received a non-binding indicative offer from United States Antimony Corporation (USAC), valuing the miner at about A$722.9 million ($469.88 million). nL6N3W006S

Middle Eastern bank Emirates NBD will buy a 60% stake in Indian private lender RBL Bank for $3 billion, in the largest cross-border acquisition in India's financial sector. nL1N3VZ03G

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