Deals of the day-Mergers and acquisitions

Payoneer Global

09/06/2026 21:29

Adds Ashland, Nuvei
June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
     
** Activist Ancora Alternatives has built a significant stake in Ashland Inc ASH.N and wants the U.S. specialty chemicals company to sell itself, arguing that a transaction could boost its share price by at least 30%, Reuters reported on Tuesday, citing a presentation. nL1N42H0S6
     
** Canadian payments firm Nuvei is in advanced talks to acquire cross-border payments company Payoneer Global PAYO.O for about $2.7 billion, Reuters reported on Tuesday, citing two people familiar with the matter. nL6N42H0XP
     
** GSK GSK.L has agreed to buy U.S.-listed cancer drug developer Nuvalent NUVL.O for $10.6 billion in its largest deal in more than a decade, marking a strategic shift under new CEO Luke Miels as the British company steps up its focus on oncology. nL6N42H0CS
     
** Britain's competition regulator said on Tuesday it has formally started its review of Paramount Skydance's PSKY.O planned $110 billion acquisition of Warner Bros Discovery WBD.O, after ending the first part of its information gathering process. nL4N42H0YI
     
** Australian advertising firm oOh!media OML.AX said it had received indicative takeover offers from Bain Capital and other financial sponsors, triggering a three-way bidding war with I Squared Capital and Pacific Equity Partners. nL4N42H075
     
** Consumer giant Nestle SA's NESN.S long-time private equity partner PAI Partners has dropped out of bidding for its water business, which includes brands such as Perrier, Bloomberg News reported on Monday. nL4N42G1M0
     
** Italy's top banking group Intesa Sanpaolo ISP.MI made a €30.6 billion ($35 billion) unsolicited cash-and-share bid on Monday to buy smaller rival Monte dei Paschi di Siena (MPS) BMPS.MI to create the euro zone's second-largest lender by market value. nL4N42G0DE

(Compiled by Rajarshi Roy, Megavarshini G. Somasundaram and Kunal Das in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com))