Deals of the day -Mergers and acquisitions
12/05/2026 10:41
May 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** Lufthansa Groupwill exercise an option to lift its stake in Italy's ITA Airways to 90%, tightening its grip on the Rome-based carrier as industry consolidation accelerates in Europe. nL6N41P0N0 ** Swedish private equity group EQT AB made a sweetened and final 9.4 billion pound ($12.7 billion) takeover proposal for Intertek on Tuesday, after three of its earlier bids were rejected by the British product testing company. nL4N41P0IR ** Britain's Picton Property Income said on Tuesday it has agreed to a 403-million-pound ($546.4 million) all‑share takeover offer from a consortium comprising LondonMetric Property and Schroder REIT . nL4N41P0IL ** Dubai Holding, owned by Dubai's ruler, has become Emaar Properties' EMAR.DU top shareholder after completing the purchase of a 22.27% stake from the emirate's main sovereign wealth fund, the companies announced late on Monday. (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru) ((Rajarshi.Roy@thomsonreuters.com))