M&A Deals: Week of Mar 23, 2026

We covered 21 deal stories that week, naming 2 listed companies. The largest value named was $110 billion, in “Warner Bros to Hold Shareholder Vote on $110 Billion Paramount Deal April 23”.

1. Sat, Mar 28
   Court Temporarily Halts Nexstar-Tegna Merger Amid Ongoing Legal Issues
2. Fri, Mar 27$3 billion
   Novartis Acquires Excellergy for Up to $2 Billion Amid Patent Expirations
3. Fri, Mar 27
   Pernod Ricard Pursues Merger Talks with Brown-Forman for Jack Daniel's
4. Thu, Mar 26
   Brown-Forman and Pernod Ricard Initiate Merger Negotiations
5. Thu, Mar 26
   Brown-Forman Shares Surge on Reports of Potential Perdod Ricard Acquisition
6. Thu, Mar 26$1.4 billion
   Henkel to Acquire Olaplex for $1.4 Billion at $2.06 Per Share
7. Thu, Mar 26$8.875 billion
   Thermo Fisher Completes $8.875 Billion Acquisition of Clario Holdings
   TMO
8. Thu, Mar 26
   Craig-Hallum Maintains Rating for LSI Industries After Acquisition Announcement
9. Thu, Mar 26$5 billion
   CVC Capital Partners Proposes Full Acquisition of Recordati for $5 Billion
10. Thu, Mar 26$110 billion
    Warner Bros to Hold Shareholder Vote on $110 Billion Paramount Deal April 23
11. Thu, Mar 26$1.4 billion
    Henkel Acquires Olaplex for $1.4 Billion in Market Consolidation Move
12. Wed, Mar 25$2 billion
    KKR to Acquire Nothing Bundt Cakes for Over $2 Billion
13. Wed, Mar 25$6.7 billion
    Merck Announces $6.7 Billion Acquisition of Terns Pharmaceuticals
    MRK
14. Wed, Mar 25$6 billion
    Merck Pursues $6 Billion Acquisition of Terns Pharma, Reports FT
    MRK
15. Tue, Mar 24
    Sumitomo Mitsui Considers Takeover Bid for Jefferies Investment Bank
16. Tue, Mar 24
    Estée Lauder Negotiates Acquisition of Puig, Expanding Global Beauty Market Reach
17. Tue, Mar 24
    Yimutian to Acquire Xunxi Technology for RMB 50 Million
18. Mon, Mar 23
    Estee Lauder Considers Merger with Puig Brands amid Stock Performance Concerns
19. Mon, Mar 23$40 billion
    Estée Lauder and Puig Discuss Potential $40 Billion Merger
20. Mon, Mar 23
    Estee Lauder Stock Declines Amid Reported Merger Talks with Puig
21. Mon, Mar 23$5.9 billion
    Danone Acquires Huel for Reported €1 Billion to Expand Nutrition Product Range