Deals of the day-Mergers and acquisitions

Diamondback Energy

10/11/2026 21:02

Adds Oura, Diamondback Energy; Updates Samsung Fire & Marine Insurance
Nov 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Tuesday:

** Smart-ring maker Oura OURA.O said it will acquire virtual primary care company Counsel Health for $625 million in an all-cash deal, combining Oura's biometric data with Counsel's care platform and on-demand physicians.
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** Diamondback Energy FANG.O and private equity firm KKR KKR.N have agreed to acquire Five Point Infrastructure's 70% stake in Deep Blue Midland Basin, a water infrastructure firm in the Permian Basin, the companies said.
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** Blackstone BX.N will buy about 16% of IIFL Finance IIFL.NS for 50 billion rupees, or about $535 million, the Indian non-bank lender said, extending a flurry of investments by global firms in the financial sector of Asia's third-largest economy as they seek exposure to its growing credit market.
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** Israel's NewMed Energy NWMDp.TA is examining the acquisition of oil assets in South America, starting with a stake in an unnamed company that holds onshore oil rights in Venezuela, including several producing wells, it said in a regulatory filing.
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** The German government will pay €6.6 billion ($7.41 billion) for its stake in Franco-German defence group KNDS, two people close to the matter told Reuters.
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** Taiwanese food group Uni-President Enterprises 1216.TW is in advanced talks to buy Jardine Matheson's JARD.SI restaurant business that runs KFC and Pizza Hut chains in several Asian markets, two people with knowledge of the matter said.
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** Samsung Fire & Marine Insurance has agreed to acquire the remaining 60% stake in Canopius, alongside funds managed by global investment firm KKR and Korea Investment Corporation, in a deal with total consideration of $2.47 billion, the companies said.
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** British building materials supplier Travis Perkins TPK.L said it had agreed to divest its loss-making Toolstation Benelux business to German private equity group Fidelium Partners for a nominal sum.
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 (Compiled by Rajarshi Roy, Sumit Saha and Anshuman Tripathy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))