Deals of the day-Mergers and acquisitions

Union Pacific

28/05/2026 20:53

Adds Norfolk Southern, MPS, Permira; updates Caesars

    May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Thursday:

    
**  The U.S. Surface Transportation Board on Thursday said it has paused the review of railroad operators Union Pacific UNP.N and Norfolk Southern's NSC.N merger application, while it seeks more information from the companies. nL4N4251FL


    ** Italy's Monte dei Paschi di Siena (MPS) 
    BMPS.MI
     and smaller rival Banco BPM BAMI.MI discussed a possible merger shortly after Luigi Lovaglio was reappointed as MPS CEO in April, Italian news agency Adnkronos reported on Thursday, citing financial sources. nS8N3WB03A
  

        
  

    ** Private equity firms 
    Permira
     and Nuo are vying to acquire MC2 Saint Barth after advancing to the second phase of the sale process for the Italian beachwear brand, two sources close to the matter said. nL8N4241JV
  

** Home services company Apex Service Partners has agreed to sell a minority stake to Apollo Global Management <APO.N> in a deal that a source familiar with the matter said values the whole company at $10 billion, including debt. nL6N4250VC
     
** Hospitality billionaire Tilman Fertitta's firm will buy Caesars Entertainment CZR.O in a $17.6 billion deal, the companies said on Thursday, expanding his leisure empire.
nL4N425118
     
** World Insurance Associates has acquired Lakeland, Florida-based Lock Insurance, the brokerage announced on Wednesday.
nL6N4250GG
     
** Howden Ireland has acquired Dublin-based financial and investment planning firm Opes Private Clients, further expanding its wealth management and advisory footprint in the country, the broker said. nL6N4250V9
     
** British chemicals firm Johnson Matthey (JM) <JMAT.L> agreed to buy Cormetech for $360 million, in a bid to tap demand for emission control tied to mushrooming U.S. data centres, even as it forecast slower profit growth for fiscal 2027. nL6N4250GK
     
** French utility EDF has postponed a plan to sell a stake in its Italian subsidiary Edison <EDNn.MI> to next year as the disruption to liquefied natural gas supplies due to the Iran conflict drags on, two sources with direct knowledge of the matter said. nL6N4250LT

** CoStar Group <CSGP.O>, a commercial real estate data and listings company, is nearing a deal to acquire housing‑market data provider Zonda for nearly $800 million from private equity firm MidOcean Partners, according to two people familiar with the matter. nL6N423123

 (Compiled by Rajarshi Roy, Koyena Das and Katha Kalia in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))