Deals of the day-Mergers and acquisitions

JSW Dulux

16/09/2025 21:01

added: JBS, United Airlines, ProSiebenSat.1, JERA, Thyssenkrupp, Anglo American, Workday, MGX, SOCAR, Akzo Nobel

September 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Tuesday:

** JBS JBSS3.SA, JBS.N, the world's largest meat company, sees the European meat market as "fragmented" and therefore full of acquisition opportunities, Wesley Batista, controlling shareholder of the company now listed in New York, said on Tuesday during an event broadcast live.

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** United Airlines UAL.O CEO Scott Kirby said his company will not bid for bankrupt Spirit Airlines' assets if they become available.

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** German broadcaster ProSiebenSat.1 PSMGn.DE cut its 2025 profit and revenue forecasts, citing challenges from an uncertain macroeconomic environment in German-speaking markets.

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** Japan's top power generator JERA is in advanced talks to buy natural gas production assets in the U.S. for around $1.7 billion, people familiar with the matter said, the latest example of the Asian nation investing in America's energy sector.

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** Thyssenkrupp TKAG.DE has received a non-binding bid for its steel unit from a division of Indian conglomerate Naveen Jindal Group, the German company said, the latest twist in the group's years-long effort to dispose of the business.

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** Canadian Industry Minister Melanie Joly said she would be meeting the CEOs of Anglo American AAL.L and Teck Resources TECKb.TO next week to discuss their proposed merger.

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** Workday WDAY.O said it would buy AI firm Sana for about $1.1 billion, underscoring growing consolidation in the HR software sector, while companies look to integrate the booming technology into their products in response to evolving customer demands.

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** MGX, an Abu Dhabi artificial intelligence investment firm and partner of Silver Lake, said it has joined the buyout group in acquiring a majority stake in California programmable chip business Altera, leaving Intel with a 49% holding.

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** Italiana Petroli's founding family has signed an agreement to sell the oil refiner to State Oil Company of Azerbaijan (SOCAR), handing over control of one of Italy's largest petrol station networks, a document showed.

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** India's antitrust body said it has cleared JSW Paints' deal to acquire up to 75% stake in Dutch paint maker Akzo Nobel's AKZO.NS Indian unit.

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** Terminal Investment Limited, a unit of Mediterranean Shipping Company, the world's leading container shipping company, has acquired a stake in SOCAR Terminal in Turkey, SOCAR said.

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** Australia's Peak Rare Earths  said it approved a takeover by Chinese rare earths producer Shenghe Resources <600392.SS>, choosing deal certainty with its top shareholder over a higher but conditional U.S. offer.

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** National Bank Holdings  said on Monday it would acquire smaller peer Vista Bank in a $369.1 million cash-and-stock transaction, a move aimed at expanding the regional lender's footprint in Texas.

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 (Compiled by Rajarshi Roy, Anshi Sancheti and Sanskriti Shekhar in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))