Deals of the day-Mergers and acquisitions

Schindler Holding AG

24/03/2026 19:58

Adds Schindler, Ucore Rare Metals, Capricorn Energy and Blackstone

March 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** A consortium comprising Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone BX.N said it would acquire Indian Premier League franchise Royal Challengers Bengaluru for $1.78 billion, ending a weeks-long bidding war.

nL6N40C12B

** Oil producer Capricorn Energy  confirmed that it had received multiple proposals from Dragon Oil for the potential acquisition of its Western Desert assets.

nL4N40C1L4

** Ucore Rare Metals UCU.V signed a memorandum of understanding with Vulcan Elements earlier this month to develop a domestic rare earth magnet supply chain for defense and commercial applications, the company said.

nL4N40C1H7

** Schindler SCHP.S will challenge any merger deal between rivals Kone  and TK Elevator before antitrust authorities, the head of the Swiss lift maker told Reuters.

nL1N40C0QA

** Janus Henderson  said that Trian and General Catalyst have raised their bid to buy the $493-billion asset manager to $52 per share, as it fends off a persistent takeover pursuit by Victory Capital .

nL4N40C10B

** U.S. ride-hailing company Uber  plans to acquire German premium chauffeur services start-up Blacklane, Manager Magazin reported, citing sources.

nL8N40C1A4

** State-backed Poste Italiane  has made a 10.8 billion euro ($12.5 billion) cash‑and‑share offer to bring Telecom Italia (TIM)  back into state hands, about three decades after an ill-fated privatisation.

nL6N40B0FE

** The Toyota group's tender offer to take supplier Toyota Industries <6201.T> private at a price of 20,600 yen ($129.89) per share has been successful, the forklift maker said in a filing.

nL1N40C07K

** Japan's Sumitomo Mitsui Financial Group <8316.T> is working on plans for a possible takeover of Jefferies , the Financial Times reported.

nL4N40C0HH

** Gilead Sciences  said on Monday it would buy privately held biotech firm Ouro Medicines in a deal worth up to $2.18 billion.

nL4N40B1YV

** State-run miner Coal India  said on Monday it will sell up to 25% each in its units South Eastern Coalfields (SECL) and Mahanadi Coalfields (MCL) through initial public offerings or other routes.

nL6N40B191

** Inclusive Capital Partners is looking to sell a stake in German agriculture and health firm Bayer AG , Bloomberg News reported on Monday.

nL6N40B19G

** Starr has completed its acquisition of Lloyd's insurer IQUW Group, the company said on Monday, finalizing a deal announced last year and creating a broader global specialty (re)insurance platform.

nL6N40B18U

** The Wawanesa Mutual Insurance Company has agreed to acquire Everest Insurance Company of Canada, a transaction that will add approximately C$305 million ($222 million) of premium to its portfolio and enables Everest Group to shed its largest remaining retail insurance operation.

nL6N40B0UB

** Berkshire Hathaway , the conglomerate built by Warren Buffett, is buying a 2.49% stake in Japanese insurer Tokio Marine Holdings <8766.T> for about $1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.

nL4N40B0IE

** Southeast Asia's biggest ride-hailing and delivery firm, Grab , said on Monday it would pay $600 million in cash for Delivery Hero's  Foodpanda delivery business in Taiwan, in its first expansion outside the region.

nL8N40B0AF

** Danone  has agreed to acquire Huel for close to 1 billion euros ($1.15 billion), two sources close to the matter said on Monday, as the French food group expands further into health-focused nutrition.

nL8N40B0F7

** U.S. drug distributor Cencora  said on Monday it would buy the retina-care business of EyeSouth Partners for $1.1 billion, bolstering its specialty medical services business.

nL4N40B0WL

 (Compiled by Sahil Pandey, Dharna Bafna and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))