Week of Oct 27, 2026

CD&R and McKesson agreed to acquire Option Care Health for $32.05 per share, representing $5.8 billion enterprise value, with CD&R holding majority interest and McKesson investing $1.4 billion as minority owner.

STERIS agreed to acquire Xodus Medical for $2.1 billion in cash plus up to $150 million in earnout consideration, consolidating specialty surgical products capabilities.

AstraZeneca opened an 18-storey, 570,000-square-foot R&D facility in Cambridge, Massachusetts, investing over $1 billion to expand drug discovery capabilities and accommodate approximately 2,000 researchers across two sites.

Labcorp will acquire select assets of BioReference Health from OPKO Health for $722 million, including 80+ patient service centers and the proprietary 4Kscore Test for prostate cancer assessment.

Aon announced a planned all-cash $17 billion acquisition of USI Insurance Services from KKR and other shareholders to expand presence with midsized corporate clients. Aon raised $13.5 billion in bonds to finance the deal.

Fairfax announced plans to acquire a 60.7% stake in IDBI Bank for approximately $6 billion, subject to regulatory approvals, as part of a broader combination with Digit Insurance and IIFL Capital Services.

Shinhan Financial Group's board approved acquisition of JKL Partners' 77.04% stake in Lotte Non-Life Insurance, valuing the insurer at approximately $754.6 million.

Porch Group and Porch Insurance Reciprocal Exchange agreed to acquire Allied Trust's insurance carrier and managing general agency for approximately $220 million total consideration, adding $200 million in written premium.

CCC Intelligent Solutions agreed to an all-cash acquisition by GTCR and Elliott Investment Management at approximately $6.1 billion enterprise value.

BT Group acquired TalkTalk Telecommunications and PlatformX Communications out of administration for £400 million, acquiring a major UK comms provider with £1.2 billion in annual revenues.

PCB Technologies to acquire Silicon Valley-based Gorilla Circuits for $120 million enterprise value.

AIOS Tech agreed to acquire SmartCore Holdings in an all-stock transaction valued at approximately US$100 million, adding cross-border IDC connectivity and data center capabilities across Hong Kong, Macao, Singapore and Thailand.

Silgan and American Industrial Partners acquired Trivium Packaging, a consumer-goods metal packaging manufacturer, for $3.4 billion, with AIP taking a 40% stake.

GSK announced a $2.5 billion global restructuring including layoffs of more than 1,200 employees in Belgium and closure of a German manufacturing facility with approximately 650 job cuts.

Atlantic Ridge Capital agreed to acquire Paragon Films, a US stretch film manufacturer, for approximately $900 million in an all-cash deal expected to close in Q4 2026.

OMRON Corporation agreed to acquire OnLogic, a Vermont-based industrial computer manufacturer, for $675 million in an all-cash transaction via reverse triangular merger, with expected closing in January 2027.

OMRON agreed to acquire OnLogic, a global industrial edge computing company, for approximately $630.5 million. The acquisition is expected to close in January 2027 and will strengthen OMRON's industrial automation and AI capabilities.

Lawson Products, a subsidiary of Distribution Solutions Group, agrees to acquire GradeEight Holdings for approximately $145 million through a merger structure, funded via existing credit facility.

American Water Works proposed all-stock merger with Essential Utilities to create a combined utility with approximately $40 billion market capitalization, expected to close in Q1 2027.

Constellation Energy announced a strategic partnership with Google to add 890 MW of nuclear capacity by 2028, backed by a 20-year power purchase agreement worth over $4.3 billion covering upgrades at 11 nuclear facilities.

Royal BAM Group agreed to acquire Dutch underground infrastructure specialist A.Hak for €504 million ($565.9 million), with close expected Q1 2027. A.Hak operates in electricity, water, gas and heat network infrastructure across Netherlands, UK, and Belgium.

TKO Hotels submitted a formal written offer to acquire Service Properties Trust's entire hospitality portfolio of 745 properties for $2.0 billion in all-cash transaction, subject to definitive documentation and customary closing conditions.

Lufthansa secures €1.2 billion (US$1.3 billion) to acquire up to 49.9% stake in TAP Air Portugal, beating Air France-KLM and becoming strategic partner to the Portuguese carrier.

Lufthansa Group agreed to acquire a 44.9% stake in TAP Portugal for up to €1.2 billion, expected to close in H1 2028. The deal includes employee share options and would raise Lufthansa's Europe-Latin America market share.

Aegis Logistics agreed to acquire 89.8% stake in Tristar Holdings for $809 million, marking its transformation into a global energy logistics platform.

Fairfax and Wittington Investments agreed to jointly acquire The Boots Group, a leading UK and Ireland pharmacy and health and beauty retailer, for approximately US$8.9 billion (inclusive of assumed debt). Expected close in Q1 2027 with Fairfax owning 50% equity.

Fairfax Financial Holdings and Wittington Investments announced a joint acquisition of The Boots Group for approximately US$8.9 billion, with Fairfax investing up to US$2.3 billion for 50% equity and Wittington gaining operational control.

Wittington Investments, the Weston family's holding company, is acquiring U.K. pharmacy retailer Boots for $8.9 billion, including Boots' retail operations, optical division, and No7 Beauty Company, with Fairfax backing.

Ingredion proposes cash acquisition of Tate & Lyle for approximately $3.6 billion, with completion expected in the second half of 2027, subject to regulatory approvals.

Lawson Products, a DSG subsidiary, entered into a definitive agreement to acquire GradeEight Holdings for approximately $145 million. GradeEight generates ~$110 million in annual sales and includes Winzer's 270+ franchisees and FastServ Supply's eight retail locations.