financetom
Business
financetom
/
Business
/
Deals of the day-Mergers and acquisitions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Deals of the day-Mergers and acquisitions
Jan 27, 2025 3:26 AM

Jan 27 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Monday:

** Swiss testing and inspection group SGS has ended

talks over a potential $30 billion merger with French rival

Bureau Veritas after the two sides failed to reach

agreement over the deal, it said.

** Singapore's DBS Group said it acquired an

additional stake in Shenzhen Rural Commercial Bank (SRCB) for

1.60 billion yuan ($220.4 million), bringing its total ownership

in the Chinese lender to 19.40%.

** UltraTech Cement, India's top cement producer

by capacity, is in advanced talks with German firm Heidelberg

to acquire its Indian unit, Moneycontrol reported,

citing sources familiar with the matter.

** U.S.-based Diversified Energy ( DEC ) said it will buy

private equity-owned Maverick Natural Resources for $1.28

billion, including debt, to expand into the oil and gas-rich

Permian Basin.

** Building products distributor QXO is preparing to

take its all-cash offer to acquire Beacon Roofing Supply ( BECN )

directly to shareholders after being rejected on

several occasions, the Wall Street Journal reported on Sunday.

(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer
Sector Update: Consumer
Aug 26, 2025
08:58 AM EDT, 08/26/2025 (MT Newswires) -- Consumer stocks were steady pre-bell Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) slightly increasing and the Consumer Discretionary Select Sector SPDR Fund (XLY) inactive. Atour Lifestyle Holdings ( ATAT ) shares were up more than 5% after the company posted higher Q2 adjusted earnings and revenue. ...
Lineage Cell Therapeutics Partners With William Demant Invest to Develop Hearing Loss Treatment
Lineage Cell Therapeutics Partners With William Demant Invest to Develop Hearing Loss Treatment
Aug 26, 2025
08:56 AM EDT, 08/26/2025 (MT Newswires) -- Lineage Cell Therapeutics ( LCTX ) said Tuesday that it has partnered with William Demant Invest to jointly develop the company's ReSonance auditory neuronal cell transplant for hearing loss treatment. William Demant Invest will invest up to $12 million in development costs, Lineage said. The company said that the multi-year research partnership will...
IperionX Receives Additional $12.5 Million Under Pentagon Contract
IperionX Receives Additional $12.5 Million Under Pentagon Contract
Aug 26, 2025
08:55 AM EDT, 08/26/2025 (MT Newswires) -- IperionX ( IPX ) said Tuesday the US Department of Defense has obligated $12.5 million under its previously announced $47.1 million award to accelerate the scale-up of a US mineral-to-metal titanium supply chain. The $12.5 million will be applied to purchase orders for major capital equipment required for capacity scale-up to over 1,000...
Wedbush Downgrades Verint Systems to Neutral From Outperform Following Thoma Bravo Takeover, Maintains $20.50 Price Target
Wedbush Downgrades Verint Systems to Neutral From Outperform Following Thoma Bravo Takeover, Maintains $20.50 Price Target
Aug 26, 2025
08:59 AM EDT, 08/26/2025 (MT Newswires) -- Verint Systems ( VRNT ) has an average rating of hold and mean price target of $20.50, according to analysts polled by FactSet. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved