Deals of the day-Mergers and acquisitions

Perpetual

16/03/2026 13:42

Adds: Public Storage, Sunway Updates: Amplifon

March 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Italian hearing aid company Amplifon  has agreed to buy the hearing business of Denmark's GN Store Nord  for 2.3 billion euros ($2.6 billion), in a deal that will create a group spanning both manufacturing and retail distribution, the two companies said on Monday.

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** Public Storage  said on Monday it had agreed to acquire smaller rival National Storage Affiliates  in an all-stock deal valuing the company at about $10.5 billion including debt, as it expands in high-growth regions in the United States.

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** Malaysia's largest asset manager, Permodalan Nasional Bhd (PNB), will not accept Sunway's  voluntary takeover offer for its 13.5% stake in construction firm IJM Corp , state news agency Bernama reported Monday, citing PNB.

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** Financial services firm StoneX Group   proposed an all‑cash acquisition of CAB Payments , valuing the cross‑border payments provider at 241.4 million pounds ($319.7 million).

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** Australia's Perpetual Limited  said it agreed to sell its wealth management business to private equity firm Bain Capital for an upfront cash payment of A$500 million ($350 million).

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** Indian edtech startup upGrad has signed a term sheet to acquire rival Unacademy in an all-stock deal, the companies said on Sunday.

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 (Compiled by Rajarshi Roy and Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))