Deals of the day-Mergers and acquisitions

Picton Property Income

12/05/2026 14:46

Adds: FGI Worldwide, eBay, Siemens; Updates: Intertek

May 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Swedish private equity group EQT AB  proposed a final 9.4 billion pound ($12.7 billion) takeover bid for Britain's Intertek , after the product testing firm rejected three previous approaches citing undervaluation.

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** FGI Worldwide, a provider of working capital financing and trade credit insurance solutions, said it had been acquired by the private equity business within Goldman Sachs Alternatives.

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** EBay  rejected an ambitious $56 billion takeover bid from the much smaller GameStop  on doubts over the financing of the deal, while underscoring its turnaround efforts that have boosted growth.

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** Siemens  has agreed to buy Italian rail technology Company Mer Mec in a deal worth around 1 billion euros ($1.17 billion), a person familiar with the matter told Reuters.

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** Lufthansa Group  will 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.

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** Britain's Picton Property Income  said it has agreed to a 403-million-pound ($546.4 million) all‑share takeover offer from a consortium comprising LondonMetric Property  and Schroder REIT .

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** 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.

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 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))