Deals of the day-Mergers and acquisitions

Varonis Systems

16/10/2026 15:15

Adds AkzoNobel and Panzani
Oct 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:
 
** Dulux paint maker AkzoNobel AKZO.AS and US peer Axalta Coating Systems AXTA.N have offered remedies in an effort to secure EU antitrust approval for their $25 billion merger, a European Commission filing showed.
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** French pasta maker Panzani and Portugal's Cerealis are in exclusive talks to combine their operations in a deal valuing the merged business at about €1.8 billion ($2.03 billion), they said.
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** UniCredit CRDI.MI, Italy's second-largest bank, said that the European Central Bank had authorised it to take control of Commerzbank CBKG.DE, after a hostile takeover offer completed in July lifted its stake in the German rival to 48%.
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** CCC Intelligent Solutions CCC.O said it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal.
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** Britain's culture minister Lisa Nandy said she would not refer Axel Springer's planned purchase of the Telegraph Media Group to a more detailed competition investigation, clearing the way for the deal to proceed.
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** Thoma Bravo-owned cybersecurity company Proofpoint will buy data security firm Varonis Systems VRNS.O in an all-cash deal valued at about $6.3 billion, the companies said.
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 (Compiled by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))