Deals of the day-Mergers and acquisitions

Theravance Biopharma

29/06/2026 14:53

Adds: Clevertech Updates: Rocket Lab, Martin Marietta Materials,  Zymeworks, Matador Resources
June 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Rocket Lab <RKLB.O> struck an $8 billion deal to acquire satellite communications provider Iridium Communications <IRDM.O>, betting that owning everything from rockets to satellite networks will define the next generation of space companies. nL6N4310O4
    
** Matador Resources <MTDR.N> said its midstream joint venture San Mateo Midstream will acquire the operating units of Cardinal Midstream Partners for $752 million in cash, expanding its natural gas gathering and processing footprint in the Delaware Basin. nL4N4310RJ
    
** Private equity group CVC Capital Partners <CVC.AS> has agreed to acquire Italian industrial automation company Clevertech from the Reggiani family, it said. nL6N4310PK

** CVC also entered into an agreement to acquire Italian dessert ingredients maker Irca from Advent International. nL6N4310JA

** Martin Marietta Materials <MLM.N> said it would merge with limestone supplier Lhoist North America in a cash-and-stock deal worth $13.5 billion, as the building material firm looks to tap growing demand for lime products. nL4N4310UP
    
** Zymeworks <ZYME.O> said it will acquire Theravance Biopharma <TBPH.O> for $929 million in cash, marking the oncology-focused drugmaker's entry into the highly competitive respiratory disease segment. nL4N4310R7
    
** Turkish construction firm Libco Insaat has signed a deal to buy a 32% stake in Turkish conglomerate Tekfen Holding TKFEN.IS, less than a month after Turkey's military pension fund Oyak began talks to buy a separate stake. nL6N4310J0 

** British private equity group Bridgepoint BPTB.L has agreed to buy U.S.-based Kayne Anderson's real estate business in a deal valued at about $1.4 billion, it said, driving its shares up more than 10%. nL4N4310E7

** Ipsen IPN.PA will buy U.S.-based Kartos Therapeutics for $450 million to expand its oncology pipeline with a late-stage blood cancer treatment, the French biotech company said. nL6N4310GH

** Swedish care provider Ambea AMBEA.ST said it had made a recommended public offer for peer Humana HUMAN.ST, valuing the company at about 2.96 billion Swedish crowns ($304.13 million). nL8N431050

** U.S. pipeline operator Williams WMB.N is in advanced talks to acquire rival natural gas pipeline operator Momentum Midstream for about $5.5 billion, Bloomberg News reported on Sunday, citing people familiar with the matter. nL6N4300AA

** Finnish energy company Fortum FORTUM.HE has agreed terms for a recommended, conditional voluntary cash tender offer to buy all shares in Norway's Elmera Group ELMRA.OL, worth about NOK 5.1 billion ($513.55 million), topping a rival approach disclosed last week. nL6N4310I7

** Investment vehicles managed by Sixth Street have agreed to acquire a majority stake in Monument Re, a Bermuda-based reinsurer and consolidator of European life insurance portfolios. nL6N4310JN

** Turkish construction firm Libco Insaat has signed a deal to buy a 32% stake in Turkish conglomerate Tekfen Holding TKFEN.IS. nL6N4310J0

 (Compiled by Rajarshi Roy and Nandan Mandayam in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))