The Daily Buyout

Friday, November 6, 2026

The Daily Buyout

38 deals · $10B announced

Defense tech is writing the biggest check this morning, with Shield paying up to $5.3 billion for radar maker Echodyne as counter-drone demand surges. Wendy's slammed the door on Nelson Peltz with a poison pill, and AI infrastructure kept the software deal machine humming from Dropbox to Five9.

Top deal of the day

Shield to buy radar maker Echodyne for $5.3B, raises $2.5B to fund it

$5.3BStrategic acquisitionAerospace & Defense

Shield, the autonomous drone maker, agreed to acquire Bill Gates-backed radar company Echodyne in a deal valued at $5.3 billion, with $4.8 billion paid at closing and up to $500 million contingent on performance targets. To fund it, Shield is raising $2.5 billion, including $1 billion in Series H at a $28.8 billion valuation, $1 billion in structured equity from Blackstone funds and $500 million in JPMorgan-led debt.

Why it matters: The deal pushes Shield into the fast-growing counter-drone market, adding Echodyne's metamaterials radar, already used in systems across more than 40 countries and backed by a recent $250 million Pentagon contract.

Read at PR NewswireFree
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2
$1.4BTake-privateConsumer & Retail

Wendy's rejects Trian's $1.4B take-private bid, adopts poison pill

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.

Read at CNBCFree
3
$700MStrategic acquisitionTechnology

Alfa Laval to buy maritime software firm NAVTOR for $700M

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.

Read at PR NewswireFree
5
$350MStrategic acquisitionTechnology

Dropbox makes its biggest buy ever: Tigris Data for $350M

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.

Read at TechCrunchFree
7
UndisclosedDivestiture / carve-outMaterials & Chemicals

Midas Atlantic and Najafi sign put option to buy Sylvamo's European business

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.

Read at Business WireFree

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