First Pass

5 stories from 2 sources

Power demand and strategic buyers drive M&A activity

Day’s Recap

Supporting Articles

12:02 PMBloomberg Markets

KKR Agrees to Buy EDF Power Assets as AI Boom Fuels Demand

Summary

EDF agreed to sell its renewable power businesses in the US and Canada to KKR. The deal adds to a wave of transactions aimed at securing electricity supply as AI-driven data center demand accelerates.

Why it matters

Who owns and finances power generation is changing fast, and the AI load buildout is pushing deal prices and strategy across energy and infrastructure.

3:57 PMBloomberg Markets

Magnolia Oil & Gas Is in Lead to Acquire WildFire for Over $4 Billion

Summary

Magnolia Oil & Gas is the leading candidate to buy private WildFire Energy for more than $4 billion. If completed, it would be Magnolia's largest acquisition to date.

Why it matters

A $4 billion shale takeout would signal a renewed consolidation cycle and could reprice remaining private inventory across US oil and gas.

7:34 AMFinancial Times

Unilever explores bid for $4bn supplement maker Thorne

Summary

Unilever is exploring a potential roughly $4 billion bid for Thorne, a supplements company, as it pushes deeper into health and wellness. The interest follows Unilever’s portfolio shift after separating its food business.

Why it matters

Buying into supplements would reweight Unilever’s growth engine toward consumer health and impose new operational and regulatory demands across its supply chain.

Other Developments

A curated list of other prominent stories from this day.

6:07 PMBloomberg Markets

Biolife Is Said to Have Drawn Takeover Interest From Repligen

Summary

Biolife Solutions has attracted takeover interest, including from Repligen, according to people familiar with the matter. No deal is confirmed and discussions may not result in a transaction.

Why it matters

A credible strategic suitor can reset valuation expectations and trigger a broader auction in a consolidating life sciences tools market.

11:57 AMBloomberg Markets

Canadian Testing Company CSA Taps Jefferies to Explore a Sale

Summary

CSA Group has hired Jefferies to explore a potential sale of the product testing and certification business. People familiar with the process say a deal could value CSA at about C$2 billion (about $1.4 billion).

Why it matters

A potential C$2 billion sale would signal renewed M&A appetite for compliance and certification platforms with durable, regulation-linked cash flows.

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