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Deals of the day-Mergers and acquisitions

ReutersJan 8, 2026 10:34 AM

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

Saudi Arabia's SABIC <2010.SE> has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 million, as part of a restructuring during an industry slowdown.nL6N3Y90DR

Eli Lilly will buy autoimmune drug developer Ventyx Biosciences for $1.2 billion in cash, the companies said on Wednesday, marking the Zepbound maker's latest push to expand beyond its blockbuster diabetes and weight-loss drugs.nL4N3Y81JD

AbbVie on Wednesday denied it was in talks to buy Revolution Medicines after the Wall Street Journal reported the drugmaker was in advanced discussions to acquire the cancer-drug developer.nL4N3Y81GA

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