Deals of the day-Mergers and acquisitions

Ain Holdings

28/05/2025 21:04

Adds: Advanced Micro Devices, Acrisure; updates: Cantor Fitzgerald

May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday :

** Chipmaker Advanced Micro Devices AMD.O said it has acquired Enosemi, a builder of photonic integrated circuits, to expand its co-packaged optics offerings across AI systems.

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** Acrisure has agreed a deal to acquire Global Payments' payroll business, Heartland Payroll Solutions, for $1.1 billion, which CEO Greg Williams said will enhance its position as a global fintech leader.

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** Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit  at a steep discount, a document seen by Reuters showed.

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** Global Payments  said it would sell its payroll division, Heartland Payroll Solutions, to financial technology firm Acrisure for $1.1 billion, marking the payments company's latest attempt at simplifying its business model.

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** U.S. brokerage firm Cantor Fitzgerald has agreed to buy UBS' UBSG.S hedge fund unit, it was announced, expanding Cantor's offering in alternative assets at a time of heightened investor interest in such products.

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** Japan's leading dispensing pharmacy operator Ain Holdings <9627.T> has decided to acquire competitor Kraft in a deal exceeding 100 billion yen ($693.3 million), the Nikkei business daily reported.

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** British pest control company Rentokil Initial  said it would sell its workwear, flat linen and clean room business in France to H.I.G. Capital in a deal that values the business at about 410 million euros ($463.8 million).

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** British American Tobacco  has sold a $1.5 billion stake in Indian consumer goods company ITC  at 413 Indian rupees per share, according to a term sheet seen by Reuters.

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** Singapore's CapitaLand Ascendas REIT  said it will acquire a data centre and a premium business park property in the city-state for a combined S$700.2 million ($543.63 million).

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** Motorola Solutions  said on Tuesday it would acquire wireless-radio maker Silvus Technologies for $4.4 billion as the safety equipment maker looks to bolster its position in the market and take advantage of rising demand.

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** Definity Financial Corporation has agreed a definitive C$3.3 billion ($2.4 billion) cash deal to acquire all but the surety unit of Travelers Canada in a deal that would establish the Waterloo, Ontario-based insurer as the country’s fourth largest P&C carrier.

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 (Compiled by Rajarshi Roy, Prakhar Srivastava and Neil J Kanatt in Bengaluru)

 ((Prakhar.Srivastava2@thomsonreuters.com))