Deals of the day-Mergers and acquisitions
20/02/2026 20:59
Adds ConocoPhillips Feb 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: ** ConocoPhillips COP.N is exploring a sale of some of its Permian Basin assets as part of a broader streamlining of its portfolio, Bloomberg News reported, citing people familiar with the matter. nL4N3ZG19X ** Axel Springer will back a consortium led by Dovid Efune in a 500 million pound ($673.95 million) bid for the Telegraph Media Group, a company spokesperson told Reuters. nL4N3ZG0PJ ** Pleasant Lake Partners disclosed a roughly 10% stake in toymaker Funko FNKO.O and said the company should consider strategic alternatives, including the possibility of a sale, according to a regulatory filing from Thursday. nL6N3ZG0O6 ** Swiss drugmaker Novartiswill sell its entire 70.68% stake in its listed Indian unit to a private equity-led consortium for about $159 million, as part of a broader global restructuring. nL4N3ZG07G ** Swiss Re Corporate Solutions has agreed to acquire QBE Insurance Group’s global trade credit and surety business, a portfolio expected to generate annual revenues of approximately $200 million. nL6N3ZG00M ** J&F, the holding company owned by Brazil's billionaire Batista family, is considering the acquisition of a controlling stake in CSN Cimentos, the cement unit of Brazilian steel and mining group CSN , local newspaper O Estado de S. Paulo reported. nL1N3ZF1EZ (Compiled by Rajarshi Roy, Pragyan Kalita and Angela Christy M in Bengaluru) ((Pragyan.Kalita@thomsonreuters.com))