Mergers & Acquisitions 10 February 2026 - 7 May 2026

Commerzbank-UniCredit Takeover Fight Moves to Brussels as German Resistance Draws ECB Fire
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Commerzbank-UniCredit Takeover Fight Moves to Brussels as German Resistance Draws ECB Fire

UniCredit CEO Andrea Orcel will meet EU officials in Brussels as the bank pursues a takeover of Commerzbank. Commerzbank has raised its 2026 profit target to at least €3.4 billion, announced €600 million in planned AI investment, and plans about 3,000 more job cuts by 2030. ECB Vice-President Luis de Guindos warned that national resistance to cross-border deals threatens EU financial integration.
May 11, 2026
Kontron Stock Slides As Foxconn-Backed Ennoconn Edges Toward €1.5 Billion Takeover Move
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Kontron Stock Slides As Foxconn-Backed Ennoconn Edges Toward €1.5 Billion Takeover Move

Kontron shares fell Thursday after Ennoconn, its largest shareholder, signaled a possible mandatory takeover bid at €23.50 per share, just under 2% above Wednesday’s close. First-quarter revenue dropped 5.6% to €363.7 million, and net profit fell to €14 million. Kontron plans to cut 500 jobs in its Greentec division by August, targeting over €30 million in annual savings.
May 7, 2026
UniCredit’s Commerzbank Takeover Just Cleared a Big Hurdle. Germany Is Digging In
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UniCredit’s Commerzbank Takeover Just Cleared a Big Hurdle. Germany Is Digging In

UniCredit shareholders approved a capital increase of up to 6.7 billion euros to fund an all-share offer for Commerzbank. The formal exchange offer is set to begin May 5 and run for four weeks. Commerzbank criticized the bid, saying it offers no real premium and threatens its German corporate-banking model. UniCredit’s stake in Commerzbank recently exceeded 30% when including derivatives.
May 4, 2026
Beazley Plc Deal Watch: SocGen Position Nears 10% as Zurich Takeover Clock Ticks
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Beazley Plc Deal Watch: SocGen Position Nears 10% as Zurich Takeover Clock Ticks

Societe Generale raised its stake in Beazley Plc to 9.43%, crossing the threshold on April 30, according to a regulatory filing. Zurich Insurance also increased its holding to 3.11% after buying 605,476 shares. Beazley shareholders overwhelmingly backed Zurich’s takeover, but the deal still requires court and regulatory approvals. Beazley reported 601.5 million shares in issue.
May 1, 2026
Anglo American’s Teck Merger Enters Crucial China Stretch After AGM Sweep
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Anglo American’s Teck Merger Enters Crucial China Stretch After AGM Sweep

Anglo American shareholders approved all 21 AGM resolutions this week, including the final dividend and board re-elections, as the company advances its planned merger with Teck Resources. China’s antitrust approval remains the last major regulatory hurdle for the deal, expected to close between September 2026 and March 2027. Anglo’s shares closed at 3,590 pence in London on Friday, up 0.10%.
May 1, 2026
JTC Takeover Watch: Fresh Filings Show Traders Circling Permira’s 1,340p Cash Deal
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JTC Takeover Watch: Fresh Filings Show Traders Circling Permira’s 1,340p Cash Deal

Jefferies disclosed new positions in JTC Plc as Permira’s £2.3 billion takeover nears completion, with shares trading at 1,311p–1,312p, below the 1,340p offer. The deal awaits final court approval and is expected to close in the third quarter. Other firms, including Barclays and Tudor, also reported significant positions. JTC shareholders overwhelmingly backed the bid in February.
April 30, 2026
Anglo American Stock Price Falls 3% as Teck Merger Update Fails to Steady Shares
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Anglo American Stock Price Falls 3% as Teck Merger Update Fails to Steady Shares

Anglo American shares fell 3.04% to 2,867 pence Friday, underperforming the FTSE 100 as metals markets slid and investors trimmed exposure to miners. The company is seeking final regulatory approval for its merger with Teck Resources, which would shift its portfolio heavily toward copper. Anglo also priced $2.3 billion in new bonds and cut 2026 copper output guidance. Diamond production dropped 12% last year.
March 20, 2026
Ondas to buy defense prime Mistral in $175 million stock deal, eyes bigger U.S. contracts
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Ondas to buy defense prime Mistral in $175 million stock deal, eyes bigger U.S. contracts

Ondas Inc. agreed to acquire defense contractor Mistral in an all-stock deal valued at $175 million, with closing targeted for the second quarter. The agreement includes escrowed shares and staged releases over three years. Ondas reported preliminary 2025 revenue above prior guidance but expects a net loss of about $53 million. Ondas shares fell about 4% in late-morning trading.
March 9, 2026
Select Medical (SEM) take-private deal: $16.50 cash offer, $3.9B value, and the financing behind it
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Select Medical (SEM) take-private deal: $16.50 cash offer, $3.9B value, and the financing behind it

Select Medical agreed to be taken private for $16.50 per share in cash, valuing the company at $3.9 billion. The buyer group secured $880 million in equity and up to $1 billion in debt financing, SEC filings showed. The deal requires approval from non-insider shareholders and U.S. regulators, with a Dec. 1, 2026 outside date. Select operates hospitals and clinics in dozens of states.
March 4, 2026
AES Corporation buyout: BlackRock’s GIP and EQT seal $33.4 billion take-private deal
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AES Corporation buyout: BlackRock’s GIP and EQT seal $33.4 billion take-private deal

AES will be acquired for $15 per share in cash by a consortium led by BlackRock’s Global Infrastructure Partners and EQT, valuing the deal at about $33.4 billion including debt. The transaction would take AES off the NYSE and is expected to close in late 2026 or early 2027, pending shareholder and regulatory approvals. AES shares fell after the offer came in below the prior closing price.
March 4, 2026
New Zealand puts Kimberly-Clark’s Kenvue takeover under review — the March 17 deadline to watch
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New Zealand puts Kimberly-Clark’s Kenvue takeover under review — the March 17 deadline to watch

New Zealand’s Commerce Commission has launched a competition review of Kimberly-Clark’s planned acquisition of Kenvue, with a decision expected by April 28. Kimberly-Clark has offered to divest Kenvue’s feminine hygiene business in New Zealand and Australia. The Commission set a March 17 deadline for public submissions. Kimberly-Clark shares fell 4.7% in U.S. premarket trading.
March 4, 2026
Avadel (AVDL) stock: new SEC filing as shares stay suspended after $21 Alkermes buyout
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Avadel (AVDL) stock: new SEC filing as shares stay suspended after $21 Alkermes buyout

Avadel shares were halted and suspended from Nasdaq after closing at $21.64 on Feb. 11 ahead of its merger with Alkermes. Holders as of late Feb. 11 are entitled to $21 cash and a non-transferable CVR per share, with the CVR paying up to $1.50 more if FDA approval for LUMRYZ in idiopathic hypersomnia is secured by end-2028. Two Seas Capital reported no stake as of Dec. 31.
February 18, 2026
Masimo stock jumps 34% as Danaher seals $9.9 billion buyout at $180 a share
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Masimo stock jumps 34% as Danaher seals $9.9 billion buyout at $180 a share

Masimo shares jumped 34.3% to $174.79 after Danaher agreed to acquire the patient-monitoring firm for $180 per share in cash. Danaher stock fell 2.8% as investors reacted to the company’s move into medtech. The deal, valued at a 38.3% premium to Masimo’s prior close, is expected to complete in the second half of 2026 pending approvals. Masimo’s stock closed below the offer price, reflecting deal risk and timing.
February 17, 2026
Beazley share price edges lower as Zurich gets more time on £8bn takeover clock
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Beazley share price edges lower as Zurich gets more time on £8bn takeover clock

Beazley shares slipped 0.1% to 1,229 pence in early London trading after Zurich Insurance’s deadline for a possible takeover was extended to March 4. Beazley said due diligence is ongoing and a firm offer is not guaranteed. Zurich’s latest proposal values Beazley at up to 1,335 pence per share including dividends. Investors await both Zurich’s decision and Beazley’s results on March 4.
February 16, 2026
Kenvue stock price today: KVUE nudges up after CFO exit filing as merger math resurfaces
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Kenvue stock price today: KVUE nudges up after CFO exit filing as merger math resurfaces

Kenvue shares rose 0.2% to $18.55 premarket after CFO Amit Banati announced he will step down in May to become CEO of Fortune Brands Innovations. The move comes as Kenvue pursues a merger with Kimberly-Clark, with shareholders set to receive stock and cash valued at about $19.33 per share. The deal awaits regulatory approval and is expected to close in the second half of 2026.
February 13, 2026
Transocean stock (RIG) steady premarket after $184 million Norway rig backlog as Valaris merger looms
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Transocean stock (RIG) steady premarket after $184 million Norway rig backlog as Valaris merger looms

Transocean shares held at $5.44 in premarket trading after announcing $184 million in new Norway contract backlog. The update comes days after Transocean and Valaris agreed to merge in a $5.8 billion all-stock deal, forming a 73-rig fleet. The company detailed new contracts for the Transocean Encourage and Enabler rigs. Transocean reports Q4 results on Feb. 19.
February 11, 2026
Churchill Capital Corp X (CCCX) stock jumps on Infleqtion’s NASA quantum sensor news as merger vote looms
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Churchill Capital Corp X (CCCX) stock jumps on Infleqtion’s NASA quantum sensor news as merger vote looms

Churchill Capital Corp X shares rose 15% Tuesday to $12.67 after Infleqtion announced new NASA and ARPA-E contracts. Shareholders vote Feb. 12 on the proposed Infleqtion merger, with a ticker switch to INFQ and NYSE listing expected if approved. Trading volume hit 7.16 million shares. The NASA mission is funded for over $20 million and expected to launch in 2030.
February 11, 2026
CyberArk stock set for a Feb. 10 trading halt as Palo Alto takeover nears close
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CyberArk stock set for a Feb. 10 trading halt as Palo Alto takeover nears close

Nasdaq said CyberArk shares will be halted at 7:50 p.m. ET Tuesday ahead of the planned close of Palo Alto Networks’ $25 billion takeover. CyberArk is set to be suspended from trading Feb. 12, with holders to receive $45 in cash and 2.2005 Palo Alto shares per CyberArk share. CyberArk closed at $408.85 after hours, just below the deal value. The merger close remains tentatively scheduled, Nasdaq said.
February 10, 2026