Deals of the day-Mergers and acquisitions

PolyPeptide AG

31/08/2026 14:36

Adds Decathlon, Tribhovandas Bhimji Zaveri, Eli Lilly and SLB; Updates  Aon
Aug 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
     
** Decathlon has signed a letter of intent to buy 50% of Sport 2000 France, owned by sports retail group Céraclès Coopérative, in a deal that would expand its presence in French ski resorts, the two companies said on Tuesday. nL6N44S0L8
     
** India's Tribhovandas Bhimji Zaveri TBZL.NS said that GRT Jewellers India will acquire a 74.12% stake in the company for up to 10.34 billion rupees ($108.66 million), taking control of the jewellery retailer. nL6N44S0OT
     
** Aon AON.N said it will buy rival USI Insurance Services in a $17 billion deal from private equity firm KKR KKR.N, in one of the biggest insurance acquisitions in recent years. nL4N44S0RX
     
** Eli Lilly LLY.N said it would acquire privately held Merida Biosciences for up to $2.88 billion in cash, as it seeks to expand its pipeline of potential treatments for immunity-related and allergic diseases. nL4N44S0TI
     
** SLB SLB.N  said it will acquire cooling equipment maker Kelvion from Apollo Global APO.N and funds managed by Triton for $3.4 billion in cash, expanding its data center business as rapid AI adoption drives demand for power and cooling infrastructure. nL4N44S0TP
     
** Samsung Biologics 207940.KS will launch its takeover offer for Swiss contract drugmaker PolyPeptide Group PPGN.S in September, the South Korean company said in an offer prospectus . nL6N44S0B3
     
** ONEOK OKE.N said on Sunday it has agreed to buy Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for around $4.43 billion, more than doubling the U.S. pipeline operator's processing capacity in the region. nL6N44R087

(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com))