Deals of the day-Mergers and acquisitions

Jardine Matheson Holdings

26/05/2026 19:33

Adds: Qualcomm, Coal India, Eli Lilly, Occidental Petroleum, Naturgy

    May 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Tuesday:
     

    ** Qualcomm <QCOM.O> reached a deal with TikTok owner ByteDance to supply chips for AI data centers, Bloomberg News reported on Tuesday, citing people familiar with the matter.
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    ** The Indian government will sell a stake of up to 2% in Coal India <COAL.NS> via an offer for sale (OFS), an exchange filing by the company showed on Tuesday.

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    ** Eli Lilly 
    LLY.N
     said it would buy three vaccine developers in deals worth up to $3.8 billion in combined value, signaling its push into infectious disease prevention.
  

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    ** Occidental Petroleum 
    OXY.N
     is acquiring a 10% stake in Exxon Mobil's XOM.N deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. 

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    ** Private equity fund CVC Capital Partners on Tuesday sold its entire 13.8% stake in Spanish energy company Naturgy 
    NTGY.MC
    , worth around €4 billion ($4.65 billion) at current market prices, through Goldman Sachs, the U.S. bank said.
  

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** Northern Oil and Gas <NOG.N> said it would buy a 25% stake in Parallax Energy Operating's light-oil assets in Canada's Duvernay shale for an initial purchase price of about C$350 million ($253.60 million).
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** Colombia's state oil company Ecopetrol <ECOPETROL.CN> launched a tender offer to acquire control of Brava Energia BRAV3.SA, the Brazilian energy firm said in a securities filing late on Monday.
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** Controlling shareholders of Brazilian machinery rental company Mills <MILS3.SA> have agreed to sell their 50.3% stake in the firm to France's Loxam <LOXAM.UL>, the Brazilian company said in a securities filing on Monday.
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** Jardine Matheson <JARD.SI> said on Monday it has agreed to buy Australian medical imaging provider I-MED Radiology Network for a total enterprise value of A$3.4 billion ($2.4 billion), adding a major healthcare diagnostics business to the Hong Kong-based group.
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 (Compiled by Rajarshi Roy, Koyena Das and Katha Kalia in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))