Deals of the day-Mergers and acquisitions

Medtronic

11/03/2026 13:36

Adds: Ara Partners, Cintas Updates:

March 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Private markets firm Ara Partners said its energy unit will buy Gate City Power and Gate City Renewable Fuels portfolios from HF Capital while also picking up an interest in the JET retail network for a total of about $875 million.

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** Cintas  said it had agreed to buy smaller rival UniFirst  in a cash-and-stock deal valued at $5.5 billion, combining two of North America's largest workwear and facility services providers.

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** 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))