Deals of the day-Mergers and acquisitions

Royal Bank of Canada

11/08/2026 14:58

 (Adds: Xylem, Joby Aviation Updates:)
    August 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:
     
** Joby Aviation  JOBY.N  said it would buy defense technology
company Resonant Sciences for about $500 million, as it looks to
scale its business in a growing defense market.
 urn:newsml:reuters.com:*:nL4N4480WG
     
** Xylem  XYL.N  said it would buy valve- and pump-maker
Indicor's Cornell Pump and Roper Pump businesses for $1.46
billion, expanding its industrial and municipal pumping
operations.
 urn:newsml:reuters.com:*:nL4N4480WT
     
** Two affiliates of South Korean conglomerate Lotte Group
signed a deal to sell Lotte Rental  089860.KS , South Korea's
largest car-rental firm, to U.S. private equity firm TPG, Lotte
said .
     urn:newsml:reuters.com:*:nFWN4471X2
     
    ** Commercial property insurer FM has acquired FortressFire,
a provider of wildfire intelligence that combines machine
learning and physics-based modeling, it announced on Monday.
     urn:newsml:reuters.com:*:nL6N44808T
     
** South Korean battery maker Samsung SDI  006400.KS  said it
will end its joint venture agreement with General Motors  GM.N 
in Indiana and acquire the U.S. firm's 49.99% stake, citing
weaker-than-expected electric vehicle demand.
     urn:newsml:reuters.com:*:nL6N44802V
     
** Australian shipbuilder Austal  ASB.AX  said that Hanwha Group
had offered to buy its U.S. operations for up to $1.20 billion
as the South Korean conglomerate seeks to expand in the American
defence market.
     urn:newsml:reuters.com:*:nL4N4471O4
     
** The Royal Bank of Canada  RY.TO  and BMO Financial Group on
Monday agreed to sell jointly owned Moneris Solutions to
technology investment firm Francisco Partners in a deal valued
at C$2 billion ($1.44 billion).
     urn:newsml:reuters.com:*:nL4N4471LB
     
** BP  BP.L  has agreed to sell a 20% stake in a block that
contains the Trinidad portion of the cross-border
Cocuina-Manakin natural gas field to the country's state-owned
National Gas Company, the company said on Monday in an emailed
statement.
     urn:newsml:reuters.com:*:nL1N447135
     

 (Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))