Deals of the day-Mergers and acquisitions

Ingredion

08/06/2026 21:36

Adds Nestle SA, Orange
June 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
     
** Consumer giant Nestle SA NESN.S's long-time private equity partner PAI Partners has dropped out of bidding for its water business, which includes brands like Perrier, Bloomberg News reported on Monday.
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** Orange ORAN.PA has acquired full ownership of MasOrange, Spain's largest telecoms operator, after buying out its joint venture partner in a €4.25 billion ($4.91 billion) deal, it said on Monday.
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** Johnson & Johnson <JNJ.N> said it will acquire biotech Firefly Bio for $1 billion in cash, as it looks to expand its cancer drug pipeline.
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** Incyte <INCY.O> said it has agreed to acquire Vega Therapeutics, a wholly owned subsidiary of Star Therapeutics, in a deal worth up to $2 billion, expanding its pipeline for blood disorder therapies.
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** Blackstone Inc <BX.N> is seeking to sell stakes worth more than $2 billion it holds in private investment funds, the Financial Times reported, in a deal that would test investor appetite for older private equity assets.
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** Italy's top banking group Intesa Sanpaolo <ISP.MI> made a €30.6 billion ($35 billion) unsolicited cash-and-share bid to buy smaller rival Monte dei Paschi di Siena <BMPS.MI> in what could create the euro zone's second-largest lender.
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** U.S. group Ingredion <INGR.N> has struck a deal to buy Britain's Tate & Lyle <TATE.L> for £2.7 billion ($3.6 billion) in cash to create a leading speciality food and beverage ingredients company.
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** Intesa Sanpaolo <ISP.MI> has taken a 3% stake in Generali <GASI.MI> to prevent the insurer from building a defensive stake in Italy's biggest bank, CEO Carlo Messina told analysts.
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(Compiled by Rajarshi Roy, Megavarshini G. Somasundaram and Kunal Das in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com))