391 stories from 27 sources
The month in Mergers and Acquisitions
Longest running story: 32 days
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Paramount-Warner moved from regulatory remedies and a cleared closing delay into consolidated antitrust litigation. A judge then blocked the acquisition, prompting Paramount to pause the deal and accept a possible closing date as late as June 2027.
EasyJet shifted from an agreement in principle with Castlelake to backing Apollo's higher £5.7 billion offer. The resulting bidding race then encountered possible EU ownership scrutiny, adding execution risk to the price contest.
Segro rejected repeated approaches while disputing Prologis's valuation assumptions. Prologis then raised its offer to about £14 billion and called it best and final, putting direct pressure on Segro's board and shareholders.
Private-market consolidation talks expanded from Ares discussions to buy Leonard Green into a broader private-credit bid for a legacy private equity firm. A completed combination could concentrate fundraising, sourcing, and financing power across the buyout industry.
Investor opposition challenged the KKR and Energy Capital Partners bid for DCC, including after the offer was sweetened. The board eventually endorsed the £5.75 billion proposal, but shareholders still face a vote that could demand better terms or prolong the process.
Banijay's combination with All3Media progressed from an $8 billion production-group expansion plan to completed integration. The enlarged company now has greater scale across formats and buyer relationships, despite an early revenue decline.
Vertex's $10 billion purchase of Crinetics illustrated the premium for late-stage biotech assets. More broadly, patent expirations pushed drugmakers toward assets and platforms that could replace blockbuster medicines, with additional acquisitions following in the sector.
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