Deals of the day-Mergers and acquisitions

Kellanova

17/09/2025 20:55

Added: MercadoLibre, Abu Dhabi National Oil Company, Kering, StubHub, UniCredit, Rithm Capital, Puma, Kellanova

Sept 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Wednesday:

** Mercado Pago, the financial arm of Latin American e-commerce firm MercadoLibre MELI.O, announced on Wednesday the purchase of Nikos DTVM, a Brazilian distributor of investment products, in a move that marks the fintech's first acquisition in the country. nL2N3V40X4

** Abu Dhabi National Oil Company has withdrawn the $18.7 billion offer it led to buy Australian gas producer Santos STO.AX after months of wrangling over valuation and terms. nL2N3V40D1

** French luxury group Kering PRTP.PA has named Francesca Bellettini as chief executive of Gucci, replacing Stefano Cantino after only nine months at the Italian fashion brand. nL6N3V40QC

** Shares of StubHub STUB.N rose about 8% in their New York Stock Exchange debut, valuing the ticket reseller marketplace at $9.32 billion, adding to a streak of positive day-one receptions for technology platforms. nL3N3V414B

** UniCredit CRDI.MI CEO Andrea Orcel named Poland, alongside Italy and Germany, as the countries where a merger or acquisition could most benefit the bank. nL5N3V40DC

** Global asset manager Rithm Capital RITM.N said it had agreed to acquire office portfolio owner Paramount Group PGRE.N for $1.6 billion in cash, betting on a rebound in office real estate. nL3N3V40SI

** Two investors are preparing a takeover bid for German sportswear maker Puma PUMG.DE, Manager Magazin reported, pushing its share price up more than 11%. nL2N3V40HV

** EU antitrust regulators have resumed their investigation into candy maker Mars' $36 billion bid for Pringles maker Kellanova K.N, setting a December 19 deadline for their decision, according to an update on the European Commission website. nL2N3V40JF

**  The banking arm of Sumitomo Mitsui Financial Group <8316.T> has agreed to buy an additional 4.2% stake in India's Yes Bank  from an affiliate of Carlyle Group  for 51 billion yen ($349 million), it said. nL2N3V40AF

** Global investment firm KKR has acquired Japan-based insurance distributor Hoken Minaoshi Hompo Group from investment fund Advantage Partners, the companies said on Tuesday. nL6N3V40BW

** Commodity trader and investment company ResInvest Group said it is in talks to buy Datteln 4, the 1-gigawatt coal-fired power plant Uniper  must sell as part of the German utility's government rescue in 2022. nL5N3V213D

** U.S. drugmaker Bristol Myers Squibb  said it has signed an agreement to sell its 60% ownership stake in a pharmaceutical joint venture in China. nL6N3V4032

** Activist investor Elliott Management said it has built a stake of more than $2 billion in human resources software provider Workday , while voicing support for the company's leadership. nL3N3V31EQ

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

 ((Anshi.Sancheti@thomsonreuters.com))