Deals of the day-Mergers and acquisitions

Mfe-mediaforeurope NV

26/11/2025 22:05

Adds Mayne Pharma, Grindr, MFE–MediaForEurope, Orlen, E.W. Scripps, TenneT

Nov 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Wednesday:

** Foreign bidders for Australian companies could be liable for higher reverse break fees if regulatory approval is not received, in the wake of the failed $434 million takeover of Mayne Pharma MYX.AX, lawyers said.

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** Grindr's GRND.N two largest shareholders said that they had withdrawn their proposed $3.46 billion offer to take the dating app private, shortly after the company ended talks over financing concerns.

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** MFE–MediaForEurope MFEB.MI, the TV group controlled by Italy's Berlusconi family, said it had agreed to buy 32.9% of Portuguese media company Impresa IMPA.LS from the Balsemao family for 17.3 million euros ($20 million).

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** Polish state-controlled refiner Orlen PKN.WA said it plans to buy out the remaining shares in its utility unit Energa ENGP.WA to take full ownership, with a price tag of about 709 million zlotys ($189 million).

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** U.S. broadcaster E.W. Scripps SSP.O said it has adopted a shareholder rights plan to give its board time to evaluate a $538 million bid from larger rival Sinclair SBGI.O and other options.

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** The German government aims to sign an agreement by early next year to buy a 25.1% stake in the local division of Dutch power grid operator TenneT IPO-TTH.AS, according to a letter from the economy ministry.

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** Brazilian investment firm Patria  said it agreed to purchase a 51% stake in Solis, a local firm focused on credit rights investment funds.

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** Naver Financial, a unit of South Korea's internet giant Naver <035420.KS>, agreed to acquire Dunamu, an operator of the country's largest cryptocurrency exchange Upbit, in an all-stock deal valued at 15.13 trillion won ($10.27 billion).

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** Australia's National Storage REIT  said it has received a A$4.02 billion ($2.61 billion) takeover offer from a consortium of global asset manager Brookfield  and Singapore's sovereign wealth fund GIC Investments.

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** Robinhood Markets  and Susquehanna International Group struck a deal to take over a regulated exchange run by Miami International Holdings , giving the companies a major boost in their push to establish a stronghold in prediction markets.

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 (Compiled by Rajarshi Roy and Koyena Das and Parth Chandna in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))