Deals of the day-Mergers and acquisitions

360 One Wam

18/05/2026 14:59

Adds Boston Omaha, Commerzbank, Uber; Updates NextEra Energy, Jana Small Finance Bank

May 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** NextEra Energy  will buy Dominion Energy  in an all-stock transaction valued at about $66.8 billion, creating the world's largest regulated electric utility by market value, as U.S. utilities race to meet surging demand from data centers fuelling the artificial intelligence boom.

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** Boston Omaha Corporation said it would sell its surety insurance unit, operated by General Indemnity Group (GIG), to CopperPoint Insurance Company in an all-cash deal.

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** Commerzbank  formally rejected an offer by Italy's UniCredit  to buy the German lender, digging in its heels in its months-long resistance to the cross-border takeover attempt.

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** Uber and South Korean internet giant Naver have formed a consortium and submitted a bid of up to 8 trillion won ($5.34 billion) to acquire Baedal Minjok, South Korea's largest food delivery platform, the Seoul Economic Daily reported.

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** India's Jana Small Finance Bank  said that industrialist Venu Srinivasan-led TVS Venu group will acquire a 9.9% stake in the lender through a mix of a primary issuance of equity warrants and a secondary share purchase.

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** Anglo American  said it would sell its steelmaking coal mines in Australia to UK-based miner Dhilmar for up to $3.88 billion, exiting the sector and simplifying itself ahead of a planned merger with Canada's Teck Resources TECKb.TO.

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** Online fast-fashion platform Shein is acquiring Everlane from majority owner L Catterton in a deal valuing the U.S.-based apparel retailer at about $100 million, Puck News reported on Sunday, citing people familiar with the matter.

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** French advertising group Publicis Groupe  has agreed to acquire U.S. data collaboration company LiveRamp  for a total enterprise value of about $2.2 billion in an all-cash deal, it said on Sunday.

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** Prudential  on Sunday said it has agreed to acquire a 75% stake in Bharti Life Insurance Company, from Bharti Life Ventures and 360 ONE Asset Management , as part of a strategic repositioning of its India operations.

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 (Compiled by Rajarshi Roy and Anhata Rooprai in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))