Deals of the day-Mergers and acquisitions

LVMH Moet Hennessy Louis Vuitton SE

15/05/2026 14:38

May 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Bill Ackman's hedge fund Pershing Square will disclose a new position in Microsoft later on Friday, the billionaire investor said, arguing that the tech giant sits at a "highly compelling valuation" after a recent decline in its stock.

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** French luxury group LVMH  has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group , which are raising up to $850 million to fund the deal, the companies said on Thursday.

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** South Korea's Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country's largest cryptocurrency exchange, the bank's holding company said in a regulatory filing.

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 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)