Deals of the day-Mergers and acquisitions

Clearview Wealth

24/02/2026 14:47

Adds: Einride, Frontier Biotech and Warner Bros Discovery

Feb 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

** Swedish self-driving truck startup Einride has sold a majority stake in its design organisation and will retain a minority ownership, the company said.

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** Frontier Biotechnologies <688221.SS> said it has struck a deal with GSK , granting the British drugmaker worldwide rights to develop two small interfering RNA therapies targeting kidney diseases in an agreement that could be worth up to $1 billion.

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    ** Warner Bros Discovery WBD.O said it was considering a new bid from Paramount Skydance without disclosing the value of the deal, as the CBS owner makes a last-ditch effort to thwart Netflix from buying the coveted Hollywood studio.

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** Paramount Skydance  submitted a higher offer for Warner Bros Discovery , a source familiar with the matter told Reuters on Monday, ratcheting up efforts to derail the HBO Max owner's deal with Netflix.

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** Australian life insurer ClearView Wealth  said it has agreed to be acquired by a local unit of Zurich Insurance Group , Europe's second-largest insurer by market value, for A$408.3 million ($288.30 million).

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** Canadian railroad contractor Cando Rail & Terminals will buy U.S. peer Savage Rail as it expands its footprint across the U.S., Cando announced on Monday.

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** Citigroup  said on Monday it had entered into agreements to sell a 24% stake in Banamex to a group of institutional investors and family offices for around $2.5 billion.

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 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))