Deals of the day-Mergers and acquisitions

JSW Dulux

09/07/2025 14:35

Adds: Asian Paints Updates:  Merck

June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Asian Paints  said it sold its entire 4.42% stake for 7.34 billion rupees ($85.69 million) in smaller rival Akzo Nobel India  via bulk deals.

nL4N3T60XB

** Merck  will buy UK-based Verona Pharma  for about $10 billion, the companies said, strengthening the U.S. firm's presence in respiratory treatments as it readies for the patent expiry of its blockbuster cancer drug.

nL4N3T60PO

** Uniper  said it would sell its 18.26% shareholding stake in AS Latvijas Gaze to Energy Investments SIA, as the German utility fulfills one of the conditions of a government bailout it received in 2022.

nFWN3T608Q

** Italy's Leonardo  has agreed to buy Sweden's Axiomatics, a source told Reuters , marking a further step in the company's efforts to expand its cybersecurity business.

nL8N3T608A

** Tokio Marine Group's corporate member, Tokio Marine Underwriting Limited (TMUL), has launched an offer to buy out Names capacity on Syndicate 510, three senior market sources told The Insurer.

nL6N3T40MA

** Parcel locker firm InPost  has acquired Spanish delivery company Sending to enhance its presence in the Iberian Peninsula and integrate the 24-hour door-to-door delivery service previously provided by Sending, it said.

nL8N3T607C

** Meta Platforms  has acquired a nearly 3% stake in eyewear maker EssilorLuxottica , a source told Reuters on Tuesday, amid growing consumer interest in AI-powered wearable devices.

nL4N3T519Y

 (Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))