Deals of the day-Mergers and acquisitions

Axia Energia SA

04/05/2026 14:36

Adds; Oversea-Chinese Banking Corp, Axia Energia  Updates:  GameStop, Hubbell

May 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** 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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** 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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 (Compiled by Dharna Bafna and Rajarshi Roy in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))