James Hardie – Azek
James Hardie Industries has proposed an $8.75 billion acquisition of Azek, a U.S.-based outdoor building products company. Azek’s board recommends shareholders approve the deal, under which they would receive cash and shares of James Hardie. Upon completion, James Hardie will control 74% of the combined entity, while Azek shareholders will retain 26%.
 
Salesforce is acquiring Informatica in an $8.1 billion deal, aiming to enhance its data services portfolio. Shareholders of Informatica will receive $25 per share in cash, and the transaction will be financed with cash reserves and new debt. The merger is expected to drive long-term synergy, with integration into Salesforce’s platforms anticipated to strengthen data management offerings.
 
Nippon Steel is proceeding with a $14.9 billion acquisition of US Steel, despite political scrutiny and national security concerns. The deal, strongly backed by President Trump, includes a $14 billion investment pledge and is projected to create 70,000 jobs. If completed, it would make Nippon Steel the world’s third-largest steelmaker and reinforce its expansion into the U.S. market.
 
UniCredit confirmed its commitment to Commerzbank, where it holds a 28% stake, while showing readiness to drop its bid for Banco BPM. CEO Andrea Orcel emphasized patience with Commerzbank, indicating a full merger remains a future option if supported by stakeholders. The German government’s stance and Commerzbank's potential alternative suitors remain critical to the deal’s trajectory.
 
Fuji Electric – Takayanagi Fuji
Fuji Electric announced a simplified merger to absorb its subsidiary, Takayanagi Fuji, by October 1. The move is part of a strategic rationalization effort focused on standardizing and automating wire coiling for industrial motors. The merger is not expected to impact Fuji Electric’s consolidated financials significantly.
 
Brazilian companies Marfrig and BRF are advancing a merger that now hinges on approval from the national antitrust regulator, CADE. All other conditions remain unchanged, and the companies await a decision to finalize their integration. The deal would consolidate their positions in Brazil’s competitive meat processing industry.
 
Hygon Information Technology plans to merge with Dawning Information Industry via a share swap, prompting a trading halt from May 26. The deal represents a strategic consolidation in China’s technology sector. Further details regarding valuation and timing are pending regulatory and shareholder disclosures.
 
Swiss insurers Helvetia and Baloise received shareholder approval to merge and form Helvetia Baloise Holding. The new entity will be based in Basel and become the second-largest insurer in Switzerland, entering the top 10 in Europe. The deal is expected to close in Q4 2025, pending regulatory and antitrust approvals.
 
Aramark – Entier
The UK's competition authority is reviewing Aramark’s acquisition of Entier, inviting public comments through June 9. The investigation will determine whether the completed deal impacts market competition. A decision is expected by July 22, and the outcome could influence Aramark’s UK operations strategy.
 
Legal & General – Internal Investment Units
Legal & General will merge its index funds and ETFs divisions to streamline operations and cut costs. The restructuring, expected to eliminate around 80 jobs, aims to enhance global coordination and profitability. The combined unit will be led by David Barron as part of CEO Antonio Simoes’ broader transformation plan.