Deals of the day-Mergers and acquisitions

Air Lease

02/09/2025 21:29

Adds: OpenAI, Canal +, BT Group, Zhejiang, Yageo, STAAR Surgical; Updates: Plains All American Pipeline, Sumitomo Corp, Mediobanca, PepsiCo

Sept 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** OpenAI said it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI's current valuation of $300 billion. nL4N3UP1EK

** French pay-TV company Canal + CAN.L said that it was in exclusive negotiations to buy a 34% stake in UGC, one of the largest cinema chains in France, for an undisclosed amount. [nL1N3UP0RD]

** BT Group BT.L said it would sell its Radianz business to Transaction Network Services, as Britain's largest broadband and mobile services provider explores options to optimize its international business. nL4N3UP19P

** Hong Kong-listed Zhejiang Expressway 0576.HK said on Tuesday it will absorb Zhejiang Oceanking Development 603213.SS by way of a share swap deal, valuing the firm at around 6.44 billion yuan ($900.33 million). [nL4N3UP17V]

** Japan has granted national security clearance to Taiwan's Yageo 2327.TW for its unsolicited bid to buy Shibaura Electronics 6957.T, concluding a lengthy review that underscored Tokyo's tighter security control for sensitive technologies. nL1N3UP0JB

** Broadwood Partners, the largest shareholder in medical technology company STAAR Surgical STAA.O, intends to vote against Alcon's ALCC.S proposed acquisition of the company, it said. nL8N3UP0OY

** Plains All American Pipeline PAA.O said it would buy a 55% stake in pipeline operator EPIC Crude Holdings from units of Diamondback Energy FANG.O and Kinetik Holdings KNTK.N for $1.57 billion, including $600 million in debt. nL4N3UP0X3

** A group of investors led by Sumitomo Corp 8053.T and SMBC Aviation Capital unveiled plans to acquire U.S.-based Air Lease Corp AL.N in a $7.4 billion cash deal and bring it under the wing of one of the world's largest aircraft lessors. nL4N3UP0OC

** The board of Italian merchant bank Mediobanca MDBI.MI will meet on Thursday to assess an improved offer by state-backed Banca Monte dei Paschi di Siena (MPS) BMPS.MI, a source close to the situation said. nR1N3QJ00R

** Elliott Management disclosed a $4 billion stake in PepsiCo PEP.O and urged the beverage maker to revive its soda business, boost its share price and become more competitive. nL4N3UP0TL

** Telus  said it would buy the remaining shares in its digital services unit in a $539 million cash-and-stock deal, as the Canadian telecom company looks to expand its artificial intelligence capabilities. nL4N3UP0T4

** Gallagher Re, the reinsurance broking arm of Arthur J. Gallagher, has agreed to acquire Steadfast Re, the Australian reinsurance broker launched as a joint venture between industry veteran Simon Cloney and Steadfast Group. nL6N3UP0KA

** Corient, one of the largest U.S. wealth advisory firms, said it would acquire Stonehage Fleming and Stanhope Capital Group, bringing more than $214 billion in client assets under its umbrella and expanding its presence into Europe, the Middle East and Africa. nL1N3UP094

** Dow  said it has sold an additional stake in its infrastructure venture to its partner Macquarie Asset Management for $540 million as the chemical maker looks to focus more on its core business. nL4N3UP0P4

** British lender Shawbrook said it had reached an agreement to buy specialist lender ThinCats for an undisclosed sum, as it looks to bolster its small business lending arm. nFWN3UO0ER

** Israeli energy investor Delek Group  and Italy's oil and gas explorer Eni Spa  will sell about 2% of their stake in UK-listed Ithaca Energy , a bookrunner said on Monday. nL4N3UO0PP

** Chinese battery maker Contemporary Amperex Technology (CATL) <300750.SZ> is selling its 20.6% stake in subcontracted Finnish car maker Valmet Automotive to the Finnish state and another shareholder, Finland's government said on Monday, amid low electric car sales in Europe. nL8N3UO0JY

** Private equity firm Bain Capital announced on Monday that it has penned a definitive agreement to acquire UK broker consolidator Jensten Group. nL6N3UO0IP

** Louis Dreyfus Company has acquired grains and oilseeds processing, storage and trading activities in Hungary and Poland from rival agricultural commodity merchant Bunge Global , LDC said on Monday. nL1N3UO0AJ

** London-based buyout firm CapVest Partners is to acquire a majority stake in Stada Arzneimittel, the German generic drugmaker said on Monday, in what is set to be one of the biggest takeover deals in Europe this year. nL8N3UO05S

** Stada Arzneimittel said on Monday that buyout firm CapVest Partners had agreed with its owners Bain Capital and Cinven to acquire a majority stake in the German generic drugmaker. nS8N3Q302G

** IAG said on Monday that it has completed the acquisition of The Royal Automobile Club of Queensland’s (RACQ) insurance underwriting business for A$855 million ($559 million). nL6N3UO0AG

 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com))