Acquisitions

CRH plc has agreed to buy Arcosa Inc in an all-cash transaction valued at $8.3 billion to $8.5 billion. The deal offers Arcosa shareholders $150 per share, a 25 percent premium to the prior closing price.

16 Mwezi wa sita, 2026 Imeripotiwa na AI

Salesforce has signed an agreement to acquire AI customer service firm Fin, formerly known as Intercom, in a deal valued at approximately $3.6 billion. The purchase aims to bolster the company's Agentforce platform with advanced AI agents for customer support.

Marquee Brands has entered a definitive agreement to acquire a majority interest in the Italian luxury fashion house Roberto Cavalli. The New York-based company announced the deal on Wednesday without disclosing financial terms. This marks Marquee's first foray into luxury acquisitions.

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WHP Global has closed its purchase of LVMH's majority stake in Marc Jacobs, bringing in G-III Apparel Group as co-owner. Marc Jacobs will remain creative director as the brand shifts focus to licensing under WHP and retail/wholesale operations under G-III.

Catalyst Partners Middle East (CPME), Egypt’s first special purpose acquisition company, announced in-principle board approval to pursue a controlling stake, potentially up to 100%, in EIH Consulting and its subsidiaries. The transaction supports expansion into non-banking financial services, focusing on precious metals. It remains subject to due diligence and regulatory approvals.

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Italian bank Unicredit has slightly increased its stake in Commerzbank and boosted its derivatives holdings. CEO Andrea Orcel is preparing a share exchange offer to start after a general meeting on May 4. The bank has also raised its stake in insurer Generali.