Every deal we've covered

Wendy's board rejected a $7.35-per-share, $1.4 billion cash proposal from an investor group led by Nelson Peltz's Trian, alongside BlueFive Capital, Sixth Street and franchisee Flynn Group. An independent committee said the offer substantially undervalues the chain, and Wendy's adopted a one-year shareholder rights plan after Trian's group refused a standstill.

Sweden's Alfa Laval agreed to acquire Norway-based NAVTOR, an e-navigation and vessel-performance software platform, for $700 million (6.85 billion kronor) in cash. NAVTOR, with 400 employees across 13 offices, will join Alfa Laval's Ocean Division alongside StormGeo and PortChain, with closing expected in the first quarter of 2027.

The New York Times Company has entered exclusive negotiations to acquire film-logging platform Letterboxd for $330 million, according to a report in the Times itself. Letterboxd has grown from 3 million users in 2021 to 28 million, more than half under 35; A24 and Sony were reportedly also interested.

Dropbox agreed to acquire Sunnyvale-based Tigris Data, a distributed object-storage platform built for AI workloads, for $350 million, its largest acquisition since its 2007 founding. The deal, expected to close in the fourth quarter, accompanies the launch of DBX Agent Cloud, an S3-compatible storage service for AI agents.

Cloud contact center company Five9 agreed to buy Level AI, an AI-native platform that guides and scores customer service agents and automates simpler inquiries, for $325 million in cash. Announced alongside third-quarter results, the deal is expected to close in the fourth quarter.

Midas Atlantic Partners, in partnership with The Najafi Companies, signed a put option agreement for the potential acquisition of Sylvamo's European operations, including its Saillat and Nymölla uncoated freesheet paper mills plus forestry and support operations. Closing is expected in the first quarter of 2027; terms were not disclosed.

Helen of Troy's board unanimously rejected Empower Brands' unsolicited $37-per-share proposal, which implies an enterprise value of about $1.6 billion. The Hydro Flask and OXO owner said the bid was timed to exploit a tariff-hit stock price and that Empower refused a nondisclosure agreement.

Enhanced Group agreed to acquire an approximately 77% controlling interest in Berlin-based live entertainment and ticketing company DEAG, alongside a concurrent $15 million PIPE.

Prime Finance acquired eight performing commercial real estate loans with about $760 million in unpaid principal from Blackstone Real Estate Debt Strategies.

Sunrise Realty Trust completed its merger with fellow Tannenbaum Capital Group lender Southern Realty Trust, creating a combined lender with about $534 million in total assets.

Integrated Home Care Services and CareCentrix agreed to combine into a nationwide in-home benefit management platform, subject to regulatory approval; terms were not disclosed.

First Capital will acquire First Bancorp, parent of First Federal, for about $33.2 million in stock, paying 0.3075 First Capital shares per First Bancorp share.

Boise Cascade plans to acquire two building materials distribution facilities in Rocklin and Sanger, California, from Taiga Building Products.

Humanoid robot maker Agility Robotics debuted on the Nasdaq after merging with Churchill Capital Corp XI, a deal that with related financings raised $465 million.

Snowhawk Partners agreed to make a strategic investment in technology services distributor Telarus, alongside continued investment from Columbia Capital; terms were not disclosed.

Automated Logic, part of Carrier Global, signed a definitive agreement to acquire Logical Solutions Inc., an Automated Logic dealer based in Richardson, Texas.

Assurant acquired Protection Point Service Plans, a British Columbia-based provider and administrator of commercial equipment protection programs.

GES, a Truelink Capital portfolio company, acquired marketing and creative agency CSG Creative from National Trade Productions; terms were not disclosed.

EnterpriseDB acquired Altinity, a provider of enterprise software, managed services and support for the ClickHouse open source database.

Intermatic, backed by MPE Partners, acquired Raynham, Massachusetts-based Sunrise Technologies, a maker of outdoor lighting-control and power-connectivity products.