Deals of the day-Mergers and acquisitions

LAir Liquide Societe Anonyme Pour letude Et lexploitation Des Procedes George

22/08/2025 14:53

Adds: Dongfeng, Intel Updates: Cenovus

August 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1910 GMT on Friday:

** Chinese state-owned automaker Dongfeng Motor Corp said it would take its Hong Kong-listed unit, Dongfeng Motor Group 0489.HK, private in a deal valued at HK$55.13 billion ($7.06 billion), while separately listing its electric vehicle arm.

nL4N3UE12L

** President Donald Trump said the U.S. would take a 10% stake in Intel INTC.O under a deal with the struggling chipmaker and is planning more such moves, the latest extraordinary intervention by the White House in corporate America.

nL4N3UE17K

** Canada's Cenovus Energy CVE.TO announced it will acquire MEG Energy MEG.TO in a C$7.9 billion ($5.68 billion) cash-and-stock deal, ending weeks of speculation that it would emerge as a white knight for MEG, which is facing a hostile takeover attempt.

nL4N3UE0NR

** Air Liquide  has signed a binding deal to buy South Korea’s DIG Airgas from Macquarie Asia-Pacific Infrastructure Fund 2, valuing it at 2.85 billion euros ($3.3 billion), the French industrial gases group said.

nL8N3UE04C

** Activist investor Cevian Capital has taken a 3.02% stake in Dulux paints maker AkzoNobel , a filing by Dutch market regulator AFM showed , signalling confidence in the Dutch group's long-term strategy.

nL8N3UE05X

** India's Apollo Hospitals'  managing director and large shareholder Suneeta Reddy has offloaded a 1.3% stake through a block deal, the company said.

nL4N3UE08R

** Taiwan's Yageo <2327.TW> on Thursday raised its tender offer price for Japan's Shibaura Electronics <6957.T> by 7% to 6,635 yen a share to outbid a rival offer as it awaits national security clearance from the Japanese government.

nL1N3UD067

** New Zealand's Fonterra Co-operative Group  said it will sell its global consumer and associated businesses to French dairy major Lactalis for NZ$3.845 billion ($2.24 billion), which sent its shares surging to a more than 7-year high.

nL4N3UD1C1

** Private equity firm Thoma Bravo has agreed to buy human resources software provider Dayforce  for $12.3 billion, including debt, in a take-private deal that executives hope will help expand on the company's AI capabilities.

nL4N3UD0NN

 (Compiled by Rajarshi Roy, Anshi Sancheti, and Arasu Kannagi Basil in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))