Deals of the day-Mergers and acquisitions

Joby Aviation

12/08/2026 20:30

Adds Ancora Holdings, Bashkortostan, Bank of America and Paramount Skydance
Aug 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Wednesday:

** Activist investor Ancora Holdings said it has proposed to buy H.B. Fuller's FUL.N Building Adhesive Solutions business for as much as $1.2 billion in cash.
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** The Russian republic of Bashkortostan plans to sell the rest of its stake in oil producer Bashneft to Rosneft ROSN.MM.
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** Bank of America BAC.N will invest up to 182.68 billion rupees ($1.92 billion) for a 49.9% stake in Jio Credit, a unit of Jio Financial Services JIOF.NS, the companies said.
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** Paramount Skydance PSKY.O is keeping all options, including a possible sale of CNN, "on the table" to resolve California's antitrust suit challenging its $110 billion acquisition of Warner Bros Discovery WBD.O, the company's chief legal officer said.
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** Goldman Sachs <GS.N> will acquire exchange-traded funds provider Neos Investments for as much as $2.25 billion, as the investment bank looks to bolster its presence in asset management.
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** Sunstar Insurance Group has acquired RJR Faribo Insurance Agency, marking its entry into the Minnesota market and expanding its Midwest presence.
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** Philippines' First Gen Corp <FGEN.PS> said that global investment firm KKR <KKR.N> has offered to buy 8.43% of the shares held by First Philippine Holdings Corp <FPH.PS> in the power producer.
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** FleetPartners <FPR.AX> said it had received a takeover bid from Japan's ORIX <8591.T> alongside a sweetened offer from Pacific Equity Partners-backed SG Fleet, sending shares of the vehicle lease provider to an eight-year high.
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** Joby Aviation <JOBY.N> said on Tuesday it would buy defense technology company Resonant Sciences for about $500 million, as it looks to scale its business in a growing defense market.
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 (Compiled by Rajarshi Roy, Shania S Thomas and Katha Kalia in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))