tradingkey.logo

Deals of the day-Mergers and acquisitions

ReutersJul 9, 2025 1:35 PM

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Asian Paints <ASPN.NS> said it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel India <AKZO.NS> via bulk deals.

nL4N3T60XB

** Merck <MRK.N> will buy UK-based Verona Pharma <VRNA.O> for about $10 billion, the companies said, strengthening the U.S. firm's presence in respiratory treatments as it readies for the patent expiry of its blockbuster cancer drug.

nL4N3T60PO

** Uniper said it would sell its 18.26% shareholding stake in AS Latvijas Gaze to Energy Investments SIA, as the German utility fulfills one of the conditions of a government bailout it received in 2022.

nFWN3T608Q

** Italy's Leonardo has agreed to buy Sweden's Axiomatics, a source told Reuters , marking a further step in the company's efforts to expand its cybersecurity business.

nL8N3T608A

** Tokio Marine Group's corporate member, Tokio Marine Underwriting Limited (TMUL), has launched an offer to buy out Names capacity on Syndicate 510, three senior market sources told The Insurer.

nL6N3T40MA

** Parcel locker firm InPost has acquired Spanish delivery company Sending to enhance its presence in the Iberian Peninsula and integrate the 24-hour door-to-door delivery service previously provided by Sending, it said.

nL8N3T607C

** Meta Platforms has acquired a nearly 3% stake in eyewear maker EssilorLuxottica , a source told Reuters on Tuesday, amid growing consumer interest in AI-powered wearable devices.

nL4N3T519Y

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Related Articles

Tradingkey
KeyAI