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Deals of the day-Mergers and acquisitions

ReutersMay 4, 2026 6:34 PM
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- The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday:

Investment and technology firm Long Lake said it would buy corporate travel operator American Express Global Business Travel for $6.3 billion in an all‑cash deal, betting that artificial intelligence can reshape the sector's future. nL4N41H119

GameStop CEO Ryan Cohen's unprecedented $56 billion takeover bid for the much larger eBay drew skepticism from investors and analysts, with shares in the online retailer trading much below the offer price.

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*SAC, the operator of Sicily’s Catania airport, said it had launched a process to sell a stake of at least 51% in the company. nL8N41H1S7

Electrical equipment maker Hubbell said it had agreed to acquire peer NSI Industries, a portfolio company of Sentinel Capital Partners, for $3 billion in cash.

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Oversea-Chinese Banking Corp said its Indonesian unit, PT Bank OCBC NISP , has agreed to buy HSBC Holdings' retail banking and wealth management business in the country.

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Brazilian power company Axia Energia has agreed to sell its 49% minority stakes in four electricity transmission special purpose entities to GEBBRAS, an affiliate of Colombia's Grupo Energia Bogota , it said.

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Spanish energy group Repsol has agreed to sell a 49% stake in its largest portfolio of renewable assets in Spain to the United Arab Emirates' Masdar, newspaper Cinco Dias reported, citing unidentified sources familiar with the talks.

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Belgian biopharmaceuticals company UCB has agreed to buy privately-held Candid Therapeutics in a deal worth up to $2.2 billion, the companies said on Sunday.

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