Deals of the day-Mergers and acquisitions

BFF Bank SpA

20/11/2025 21:36

Adds SoftBank, Juventus, Abbott, Asda, Atkore, Venezuela-Russia

Nov 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Thursday:

** Venezuela's National Assembly approved a 15-year extension of the joint ventures between state company PDVSA and a unit of Russia's Roszarubezhneft that operate two oilfields in the South American country's western region, according to a session broadcast on TV.

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** Electric component maker Atkore ATKR.N said its board and management team are considering its options, including a sale or merger of the company, sending its shares down 15%.

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** British supermarket group Asda has raised 568 million pounds ($742 million) from sale-and-leaseback agreements on 24 stores and a depot providing a cash boost as sales continue to fall.

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** Abbott ABT.N will buy cancer test maker Exact Sciences EXAS.O in a deal valued at up to $23 billion, including debt, marking one of its largest purchases in nearly a decade and a bold entry into the fast-growing cancer diagnostics market.

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** Juventus JUVE.MI said that its board approved a capital increase of up to 37.9 million new ordinary shares, equivalent to roughly 10% of its existing stock, through a sale of shares to institutional investors.

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** SoftBank 9434.T plans to invest up to $3 billion to overhaul an electric vehicle facility in Lordstown, Ohio, which will produce equipment for OpenAI’s forthcoming data centers after being remodeled, The Information reported.

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** Medical device maker Solventum  said it would acquire privately held Acera Surgical for up to $850 million to expand its wound-care portfolio.

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** Enterprise Products Partners  said that Exxon Mobil  will buy a 40% stake in its Bahia natural gas liquids pipeline and help expand the system to handle growing Permian Basin volumes.

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** Abbott  said it would buy cancer-test maker Exact Sciences  in a deal valued at up to $23 billion, including debt, marking one of its largest acquisitions in nearly a decade and its first major push into cancer screening.

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** Insurer Generali , Milan-listed BFF Bank  and France's BPCE have advanced to the second round of bidding to acquire European life-insurance consolidator GamaLife from Apax Partners, two sources familiar with the matter said.

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** Palo Alto Networks  said it will buy cloud management and monitoring company Chronosphere for $3.35 billion, as the cybersecurity firm looks to strengthen its AI offerings.

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 (Compiled by Rajarshi Roy, Arnav Mishra and Pranav Mathur in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))