Deals of the day-Mergers and acquisitions

TPG

21/10/2025 21:17

Adds Tripadvisor, MEG Energy, Warner Bros Discovery

Oct 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** The Warner Bros Discovery WBD.O board on Tuesday morning rejected a Paramount Skydance PSKY.O offer of nearly $24 per share to buy the company, a source familiar with the matter said. nL6N3W20ZH

** A months-long fight for control of Canada's last pure-play oil sands company took a fresh twist on Tuesday, as MEG Energy Corp  MEG.TO postponed a scheduled meeting at which shareholders were set to vote on its proposed takeover by Cenovus Energy  CVE.TO. nL4N3W20IU

** Starboard Value CEO Jeff Smith said Tuesday Tripadvisor TRIP.O should consider selling its restaurant booking platform TheFork and possibly the entire company. nL1N3W20HZ

** Blackstone  and TPG  have agreed to acquire medical diagnostics firm Hologic  in an up to $18.3 billion deal, it said, marking one of the largest healthcare take-private transactions this year. nL4N3W20WZ

** Swiss-based bottler Coca-Cola HBC  said it has agreed to buy a 75% stake in its African counterpart for $2.6 billion, creating the world's second-largest Coca-Cola bottling partner by beverage volume. nL6N3W20C3

** Crypto heavyweight Coinbase  said it has bought investment platform Echo in a nearly $375 million cash-and-stock deal, aiming to bring fundraising tools to its platform. nL6N3W20JK

** CenterPoint Energy  will sell its natural gas distribution unit in Ohio to National Fuel Gas  for $2.62 billion, as the U.S. utility focuses on its core regulated electric and gas operations in other states.

nL4N3W20LR

** KKR and Portuguese private equity firm Quadrantis Capital have agreed to acquire minority stakes in Hong Kong-based Peak Reinsurance, the companies said. nL6N3W20BD

** Activist investor Starboard Value has taken a nearly 5% stake in construction firm Fluor FLR.N and plans to push for ways to boost the company's shares, two sources familiar with the matter told Reuters on Monday. nL4N3W10YV

** Dye & Durham's  second-largest shareholder Plantro withdrew its proposal to acquire the Canadian legal software maker and may reduce or exit its holdings, citing deteriorating financial results and a lack of board engagement. nL4N3W10WI

 (Compiled by Sahil Pandey, Anshi Sancheti and Rajarshi Roy in Bengaluru)

 ((Anshi.Sancheti@thomsonreuters.com))