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Deals of the day-Mergers and acquisitions

ReutersMar 20, 2026 11:21 AM

- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:

Unilever is in talks to sell its foods business to smaller rival McCormick & Company , a potential deal that would unite the British company's Hellmann's and Knorr brands with the U.S. spice maker's Cholula hot sauce.

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Talks to sell Thyssenkrupp's steel division to India's Jindal Steel International are not making progress and the long-awaited deal must not be stalled for months, the German company's deputy supervisory board chairman said.

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British cross-border payments processor CAB Payments said that it has rejected the recent all-cash offer from financial services firm StoneX , saying the proposal undervalues the company and its future prospects.

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Buyout firm Bridgepoint is drawing up proposals for a formal offer worth more than 1 billion pounds ($1.34 billion) for British private hospital operator, Spire Healthcare , Sky News reported on Thursday.

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Swiss drugmaker Novartis NOVN.S agreed to buy a breast cancer drug candidate for up to $3 billion from U.S. biotech firm Synnovation Therapeutics, adding a targeted therapy to its pipeline of cancer drugs.

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