Deals of the day-Mergers and acquisitions

Element Solutions

06/07/2026 14:38

Adds: Rosatom, Lockheed Martin, J. Safra Sarasin  Updates: Fincantieri, Solstice Advanced Materials
July 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
     
** Italian shipbuilder Fincantieri <FCT.MI> has reached deals to buy four Italian subsea technology companies for an initial investment of about €600 million ($685.1 million). nL6N4380M6
     
** Russia's state nuclear corporation Rosatom will acquire a controlling stake in Russian logistics group Delo from businessman Sergei Shishkarev, Russian news agencies reported, citing Rosatom CEO Alexei Likhachev. nS8N42Y08D
     
** Honeywell spinoff Solstice Advanced Materials <SOLS.O> said it will buy Element Solutions <ESI.N> at about $14.5 billion, including debt, in a cash-and-stock deal. nL4N4380RV
     
** Lockheed Martin <LMT.N> will buy naval defense company Ultra Maritime from Advent for $3.45 billion, the private equity firm said. nL4N4380SL
     
** Swiss private bank J. Safra Sarasin said it has agreed to acquire the remaining stake in Denmark's Saxo Bank held indirectly by Kim Fournais, representing about 28.69% of the firm. nL8N4380NK
     
** 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
     
** 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))