Deals of the day-Mergers and acquisitions

Volvo AB

23/02/2026 11:14

Feb 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Gilead Sciences GILD.O said on Monday it will buy cancer drug developer Arcellx ACLX.O for an implied equity value of $7.8 billion.

 nL4N3ZJ0KT

 ** Pinion Insurance has signed a purchase agreement to acquire an E&S licensed shell company as the newly launched fronting business targets securing authorization to begin underwriting business by the end of June.

nL6N3ZJ0CO

** Renault  will buy out truckmaker Volvo Group's  and shipping firm CMA CGM's stakes in their new-generation electric vans joint venture Flexis, the French carmaker said.

nL6N3ZJ09O

** UK chemicals company Johnson Matthey  agreed to sell its catalyst technologies business to Honeywell  for a reduced price of 1.33 billion pounds ($1.80 billion), down from the previously agreed value of 1.8 billion pound.

nL4N3ZJ0C4

** Dubai-based aircraft lessor DAE Capital is closing in on a deal to buy control of leasing platform Macquarie AirFinance, two industry sources said.

nL1N3ZI044

 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))