Deals of the day-Mergers and acquisitions

Novartis AG

20/03/2026 11:21

March 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:

** Unilever  is in talks to sell its foods business to smaller rival McCormick & Company , a potential deal that would unite the British company's Hellmann's and Knorr brands with the U.S. spice maker's Cholula hot sauce.

nL6N4080CJ

** Talks to sell Thyssenkrupp's  steel division to India's Jindal Steel International are not making progress and the long-awaited deal must not be stalled for months, the German company's deputy supervisory board chairman said.

nL8N4080BW

** British cross-border payments processor CAB Payments  said that it has rejected the recent all-cash offer from financial services firm StoneX , saying the proposal undervalues the company and its future prospects.

nL6N4080D7

** Buyout firm Bridgepoint  is drawing up proposals for a formal offer worth more than 1 billion pounds ($1.34 billion) for British private hospital operator, Spire Healthcare , Sky News reported on Thursday.

nL4N4072HX

** Swiss drugmaker Novartis NOVN.S agreed to buy a breast cancer drug candidate for up to $3 billion from U.S. biotech firm Synnovation Therapeutics, adding a targeted therapy to its pipeline of cancer drugs.

nL1N40807H

 (Compiled by Rajarshi Roy and Dharna Bafna in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))