Deals of the day-Mergers and acquisitions

Kellanova

26/06/2025 14:44

Adds: CarUX, updates: Shell

June 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** CarUX, a smart cockpit solutions provider and a subsidiary of Taiwan's display maker Innolux Corp <3481.TW>, said it will acquire Japan's Pioneer Corporation in a deal valued at 163.6 billion yen (around $1.1 billion). nL6N3ST0F8

** Shell  has not bid for BP  and is not actively considering such a move, it said in a categorical denial, adding it was bound by UK rules which mean such a statement bans it from bidding for BP for the next six months. nL1N3ST08C

** Brookfield Asset Management  will sell its Australian retirement home operator Aveo to The Living Company for A$3.85 billion ($2.5 billion), the Canadian company said. nL4N3ST0FE

** Spanish energy company Repsol  said it has agreed to sell a 24% stake in Indonesia's Corridor Block gas operation to Jakarta-listed Medco Energi  for $425 million. nL8N3ST08P

** The European Union's Court of Justice rejected appeals brought by German municipalities challenging an asset swap deal between RWE RWEG.DE and E.ON EONGn.DE. nL8N3ST0CT

** Russian food retailer Lenta LENT.MM said that it had acquired the Molniya chain of stores in the Chelyabinsk region. nS8N3SM02Z

** Candy maker Mars' takeover of Pringles maker Kellanova K.N was cleared by U.S. antitrust regulators on Wednesday, but their EU counterparts opened a full-scale investigation into the $36 billion deal, saying it could lead to price hikes. nL8N3SS1CE

** British consumer goods company PZ Cussons PZC.L said it would retain its self-tanning brand St. Tropez in the U.S., after evaluating a number of offers and alternative business models. nL4N3ST0DK

** Japan is driving Asia's M&A rebound in 2025 with a record $232 billion worth of deals in the first half, and bankers expect the trend to sustain fuelled by multi-billion dollar take-private arrangements, outbound investments and private equity activity. nL1N3ST05S

 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))