Deals of the day-Mergers and acquisitions

Mfe-mediaforeurope NV

29/09/2025 21:24

Adds: Once Upon a Farm, BBVA, CSX, Beta Technologies, Intesa Sanpaolo, ADNOC, Workiva; updates: Electronic Arts, CSX CEO appointment

Sept 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Once Upon a Farm, the organic baby food company co-founded by actor Jennifer Garner, revealed higher six-month revenue in a U.S. IPO filing, becoming the latest company to seek a listing amid strong investor demand. nL3N3VG192

** Spain's BBVA BBVA.MC said that its shareholders and those of Sabadell SABE.MC who tender their shares in its hostile takeover bid will receive a record interim dividend against 2025 results. nL5N3VG1MR

** Activist investor Ancora Holdings welcomed news that railroad operator CSX CSX.O has replaced its CEO and said it expected his successor would find a merger partner. nL2N3VG0KX

** Electric aircraft maker Beta Technologies filed for an initial public offering in the United States, the latest company to join the rush to tap a record-breaking bull run in the equity market. nL3N3VG0ST

** Videogame developer Electronic Arts EA.O has agreed to sell itself to a group of private investors in a deal that values the maker of "Battlefield" and "Madden NFL" at $55 billion, which if completed would be the largest leveraged buyout in history. nL3N3VG0PO

** CSX Corp CSX.O has named veteran executive Steve Angel its CEO, replacing Joe Hinrichs, as the U.S. railroad operator fends off pressure from an activist investor against the backdrop of rapid consolidation in the industry. [nL3N3VG0Q9]

** Intesa Sanpaolo's asset management business has reached a reasonable size, the head of the Italian bank's wealth management division said, when asked about potential interest in a tie-up with rival Generali Investments Holding. nL5N3VG0L8

** A top manager with Abu Dhabi's ADNOC expressed optimism on Monday about the European Union's ongoing review of its takeover of German plastics maker Covestro 1COV.DE but said there needed to be a balance between legitimate requirements and excessive demands. nS8N3UY0CM

** Irenic Capital Management built a sizable stake in Workiva WK.N, arguing the financial reporting software maker needs to improve its operating efficiency, refresh its board and consider a potential sale. nL2N3VB0X4

** QatarEnergy has signed a long-term agreement with German industrial gases company Messer to supply high-purity helium, which is used in a wide variety of technologies ranging from MRI scanners to quantum computing. nL3N3VG0M1

** GSK's GSK.L CEO Emma Walmsley will step down at the end of the year and be replaced by insider Luke Miels, the drugmaker said, a surprise switch as the British firm looks to rev up its pipeline and navigate U.S. trade tariff uncertainty. nL3N3VG09F

** Ares Management  said on Monday its infrastructure funds have bought Meade Pipeline for about $1.1 billion, adding a key natural gas asset to its U.S. energy business as demand for power and gas surges. nL3N3VG0JY

** Denmark's Genmab GMAB.CO has agreed to acquire Merus NV 2GH.F, MRUS.O, a Nasdaq-listed Dutch biotech firm developing a head-and-neck cancer drug, for $8 billion in cash, the two companies reported. nL2N3VG03Q

** TotalEnergies TTEF.PA will sell 50% of its solar portfolio in North America in a $950 million deal, it said, adding that it also plans to invest in gas producing assets in the United States, shoring up future supplies for its core business. nL5N3VG060

** Synlait Milk SML.NZ reported a much narrower annual net loss and announced the sale of its North Island assets for NZ$307 million ($177.2 million) to U.S.-based Abbott Laboratories ABT.N, sending its shares surging. nL2N3VF05M

** Hobbycraft-owner Modella Capital will buy most of U.S.-based Claire's UK and Irish operations, administrators of the struggling jewellery chain reported. nL3N3VG0H9

** Occidental Petroleum OXY.N is negotiating the sale of its OxyChem division, a transaction that could value the unit at a minimum of $10 billion, the Financial Times reported on Sunday. nL2N3VF03R

** MFE-MediaForEurope MFEB.MI, the TV group controlled by Italy's Berlusconi family, is in exclusive talks on the purchase of a relevant stake in the Portuguese media group Impresa IMPA.LS, Impresa said on Saturday. nL2N3VE059

 (Compiled by Dharna Bafna and Anuja Bharat Mistry in Bengaluru)

 ((Dharna.Bafna@thomsonreuters.com))