Deals of the day-Mergers and acquisitions

Eaton

25/09/2026 14:38

Adds: Evonik, Eaton Updates:  Genel Energy
Sept 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
     
** Germany's BASF BASFn.DE has approached smaller peer Evonik EVKn.DE over a possible takeover, Evonik said in a statement, a move that could consolidate Europe's fragmented chemicals industry.
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** Power management company Eaton ETN.N said it had agreed to acquire Italy-based COL Group from investment management firm Oaktree Capital Management for an enterprise value of €810 million ($923.16 million).
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** Britain's Genel Energy GENL.L raised its cash offer for Capricorn Energy CNE.L to $436 million, topping a rival offer from DNO DNO.OL and re-securing the backing of Capricorn's board after a months-long bidding war.
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** Japan's biggest oil and gas explorer, Inpex 1605.T said it had exercised its pre-emptive rights to buy a 0.735% stake in its Ichthys liquefied natural gas project in Australia from JERA, blocking a deal agreed with MidOcean Energy.
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** Swedish private equity firm EQT EQTAB.ST is preparing to sell its controlling stake in Spanish theme park operator Parques Reunidos, newspaper Expansion reported, citing unnamed market sources.
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** MGM Resorts International MGM.N is discussing making a bid to purchase Barry Diller’s People Inc PPLI.O, the Wall Street Journal reported on Thursday, a day after People Inc withdrew its proposal to buy MGM Resorts.
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** RedBird Capital Partners has agreed to acquire a majority stake in Puck in a deal valuing the five-year-old newsletter startup at about $250 million, according to a memo seen by Reuters on Thursday.
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**  Italian engineering company Trevi Finanziaria Industriale TFI.MI said on Thursday its board deemed unfair the price proposed by larger rival Webuild WBD.MI to buy the company, saying it did not adequately reflect Trevi's value.
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 (Compiled by Rajarshi Roy and Miraanta Lowrance in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))