Deals of the day-Mergers and acquisitions

Cosan

17/06/2026 21:02

Adds: Devon Energy
June 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
     
** Activist investor TOMS Capital Investment Management has acquired a sizable stake in Devon Energy DVN.N and is pressing the U.S. shale operator to sell assets or put itself up for sale, five people familiar with the matter said.
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** Brazilian conglomerate Cosan <CSAN3.SA> said its Radar unit has agreed to sell part of its farmland portfolio in Brazil's Mato Grosso state for 1.85 billion reais ($363.27 million), of which about 586 million reais corresponds to Cosan's stake, as part of its divestment and deleveraging strategy.
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** MSC, the world's largest container shipping company, denied a report by Manager Magazin that its founder and executive chairman Gianluigi Aponte is looking to acquire a stake in German rival Hapag-Lloyd <HLAG.DE>.
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** British recruiter Hays <HAYS.L> said that it has sold its businesses in six European countries and is considering more exits, as a prolonged hiring slowdown in the region pushes the group to sharpen its focus on core operations.
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** Italian digital transformation group Engineering said it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture <ACN.N>.
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 (Compiled by Rajarshi Roy, Sanskriti Shekhar and Apratim Sarkar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))