Deals of the day-Mergers and acquisitions

Element Solutions

06/07/2026 10:45

July 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:
     
** Europe's largest defence technology group Thales <TCFP.PA> said it had struck a deal to take a controlling stake in drone technology company Exail <EXA.PA> as it seeks a greater share of the fast-growing underwater drone warfare market. nL1N43803K
     
** Netherlands-based lender ING <INGA.AS> said it would buy a stake of about 40% in Spain's Singular Bank from private equity firm Warburg Pincus for an undisclosed price, as it seeks to expand its private banking and wealth-management divisions across its markets. nL1N438042
     
** Honeywell <HON.O> spinoff Solstice Advanced Materials <SOLS.O> is in talks to merge with Element Solutions <ESI.N> in a deal that could create a chemicals company valued at about $27 billion including debt, the Financial Times reported. nL6N43809Z
     
** Italian shipbuilder Fincantieri <FCT.MI> said it had reached agreements for the acquisitions of four Italian companies in the underwater segment with an initial investment of around €600 million ($685.14 million). nL8N43808Q
     
** Swiss drugmaker Novartis <NOVN.S> said it had agreed to pay up to $1.5 billion for U.K.-based biotechnology firm Myricx Bio in a deal expected to close in the second half of 2026. nL8N43803H
     
** Genesis Minerals <GMD.AX> has lobbed a bid worth about A$5.6 billion ($3.9 billion) for Vault Minerals <VAU.AX>, topping an existing offer from Regis Resources <RRL.AX>, as surging gold prices fuel a consolidation wave in Australia's mining sector.
nL1N437055
     
** British budget airline easyJet <EZJ.L> has agreed in principle to a sweetened takeover bid from U.S. investment firm Castlelake that values the carrier at up to £5.5 billion ($7.34 billion), it said on Sunday, a potential shakeup for Europe's aviation sector. nL1N43703B
     

 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))