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Other Developments
A curated list of other prominent stories from this day.
3:55 PMBloomberg Markets
CRH Near Biggest-Ever Deal for Arcosa, Financial Times Says
Summary
CRH is nearing an agreement to acquire Arcosa in what would be its largest deal to date. A transaction could be announced as soon as next week, according to people familiar with the talks.
Why it matters
A CRH-Arcosa deal would accelerate consolidation in construction materials and signal where the next wave of US infrastructure-driven M&A is headed.
A $2.8 Trillion Asset Management Star Is a Deal Away From Losing Its Crown
Summary
Amundi rose to become Europe’s largest asset manager largely through acquisitions. After several years without a major deal, competitors have narrowed the gap and could overtake it.
Why it matters
Leadership in asset management increasingly hinges on M&A-driven scale, and falling behind can quickly translate into weaker economics and less influence in a fee-compressed market.