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Deals of the day-Mergers and acquisitions
Mar 24, 2026 3:00 AM

March 24 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** State-backed Poste Italiane has made a 10.8 billion

euro ($12.5 billion) cash-and-share offer to bring Telecom

Italia (TIM) back into state hands, about three

decades after an ill-fated privatisation.

** The Toyota group's tender offer to take supplier Toyota

Industries ( TYIDF ) private at a price of 20,600 yen ($129.89)

per share has been successful, the forklift maker said in a

filing .

** Japan's Sumitomo Mitsui Financial Group ( SMFG ) is working

on plans for a possible takeover of Jefferies, the

Financial Times reported.

** Gilead Sciences ( GILD ) said on Monday it would buy

privately held biotech firm Ouro Medicines in a deal worth up to

$2.18 billion.

** State-run miner Coal India said on Monday it will

sell up to 25% each in its units South Eastern Coalfields (SECL)

and Mahanadi Coalfields (MCL) through initial public offerings

or other routes.

** Inclusive Capital Partners is looking to sell a stake in

German agriculture and health firm Bayer AG,

Bloomberg News reported on Monday.

** Starr has completed its acquisition of Lloyd's insurer IQUW

Group, the company said on Monday, finalizing a deal announced

last year and creating a broader global specialty (re)insurance

platform.

** The Wawanesa Mutual Insurance Company has agreed to acquire

Everest Insurance Company of Canada, a transaction that will add

approximately C$305 million ($222 million) of premium to its

portfolio and enables Everest Group to shed its largest

remaining retail insurance operation.

** Berkshire Hathaway ( BRK/A ), the conglomerate built by Warren

Buffett, is buying a 2.49% stake in Japanese insurer Tokio

Marine Holdings ( TKOMF ) for about $1.8 billion as part of a new

strategic partnership, deepening its financial commitment to

Japan.

** Southeast Asia's biggest ride-hailing and delivery firm, Grab

, said on Monday it would pay $600 million in cash for

Delivery Hero's Foodpanda delivery business in Taiwan,

in its first expansion outside the region.

** Danone has agreed to acquire Huel for close to 1

billion euros ($1.15 billion), two sources close to the matter

said on Monday, as the French food group expands further into

health-focused nutrition.

** U.S. drug distributor Cencora ( COR ) said on Monday it would

buy the retina-care business of EyeSouth Partners for $1.1

billion, bolstering its specialty medical services business.

(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

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