Deals of the day-Mergers and acquisitions

Equinox Gold

13/05/2026 20:55

Adds: Equinox Gold  Updates: ISAB

The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Wednesday:

** Equinox Gold EQX.TO said it would acquire Orla Mining OLA.TO in an all-stock deal to create a North American gold producer worth about $18.5 billion. nL4N41Q0WW

** Czech defense group CSG  has offered to buy a stake in Franco-German tank maker KNDS from its German owner families, a source familiar with the situation told Reuters.

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** Ludoil has agreed to buy Sicilian oil refiner ISAB from Cypriot private equity fund G.O.I. Energy, the Italian group said, as the Iran war has exposed Europe's dependency on the Gulf for supplies of jet fuel and other refined products.

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** Britain's Intertek  is ready to recommend a 9.4-billion-pound ($12.7-billion) takeover proposal by Swedish private equity group EQT, the product testing company said , bowing to investor pressure after rejecting three previous bids.

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** Equinox Gold  said it would acquire Orla Mining  in an all-stock deal to create a North American gold producer worth about $18.5 billion.

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** Blackstone  has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development <0017.HK> after the indebted property developer refused to cede control, Bloomberg News reported , citing people familiar with the matter.

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** Retail broker Trucordia has acquired the assets of Richardson Insurance, an Idaho-based provider of personal and commercial insurance lines, the company said on Tuesday.

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** Mercedes-Benz  has agreed to sell its seven Berlin dealerships to a Canadian investor, as part of efforts to sell off businesses in its dealership network, the German carmaker said late on Tuesday.

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** Brown-Forman  has rejected a $32 per share cash takeover offer from U.S. spirits maker Sazerac, according to a source familiar with the matter, weeks after talks between the Jack Daniel's maker and France's Pernod Ricard  fell apart.

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 (Compiled by Rajarshi Roy, Apratim Sarkar and Prakhar Srivastava in Bengaluru)

 ((Prakhar.srivastava2@thomsonreuters.com))