Deals of the day-Mergers and acquisitions

Medtronic

11/03/2026 09:40

March 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** Anduril Industries said it has signed a definitive agreement to acquire ExoAnalytic Solutions, a national security company specializing in space sensing and awareness and missile defense.

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** Bankrupt U.S. auto parts maker First Brands said Tuesday that it had agreed to sell its Walbro business line to Canada-headquartered Active Dynamics Group for $50 million. The company is selling business units to fund its bankruptcy restructuring and address fraud claims.

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** Aga Khan Fund for Economic Development (AKFED) said on Tuesday it is selling its entire stake in East Africa-focused Nation Media Group  to Taarifa Ltd.

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** Risk Theory has made its first MGA acquisition after it completed a deal for New York City-focused commercial habitational property specialist Roundhill Express.

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** Austria's Raiffeisen Bank  is closing in on a deal to buy the Romanian business of BBVA's  Garanti unit, two people with knowledge of the situation told Reuters on Tuesday.

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** Arthur J Gallagher's U.S. wholesale brokerage, binding authority and programs division Risk Placement Services has acquired S Philips Surety & Insurance Services, which provides surety bonds to agents and brokers on the west coast of the U.S.

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** Facebook parent Meta Platforms  said on Tuesday it had acquired Moltbook, a social networking platform built for artificial intelligence agents, bringing the company's founders into its AI research division.

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** French global media group Canal+  said on Tuesday it had acquired a majority stake in Lucky Red, one of Italy's leading independent film distribution and production company, giving the group its first operational foothold in the country.

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** Medical device maker Medtronic  said on Tuesday it would buy U.S.-based Scientia Vascular in a deal valued at $550 million, expanding its line-up of products used in stroke care.

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** Frontera Energy accepted a $525 million offer from Canada's Parex Resources for its Colombian exploration and production assets on Tuesday, topping a rival bid from GeoPark.

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 (Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))