M&A

 Mergers & Acquisitions News (M&A)

• Spices and seasonings giant McCormick offered to acquire Unilever's food business for $33B, excluding debt MSN

• Poste Italiane is launching a $12.5B take-private offer for Telecom Italia GlobalMarket

• Saudi gaming and sports investor Savvy Games agreed to buy the Moonton studio from China's ByteDance for $6B Bloomberg

• Water treatment giant Ecolab agreed to buy data center cooling company CoolIT Systems from KKR in a $4.75B all-cash deal Bloomberg

• Swiss pharma giant Novartis agreed to buy an experimental breast cancer drug from Synnovation Therapeutics for up to $3B Reuters

• Brazilian telecom Claro Telecom agreed to buy a majority stake in peer Desktop at a $750M valuation Bloomberg

• Qatar SWF QIA is preparing to acquire 10% of Italian sneaker maker Golden Goose for $290M, joining HSG, Temasek, and Permira as investors Bloomberg

• NBA is in early talks with banks to sell two new franchises in Seattle and Las Vegas for potentially billions of dollars Bloomberg

• German industrial engineering conglomerate Thyssenkrupp's talks to sell its steel division to Jindal Steel stalled Bloomberg