Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds: Guidewire, BCE, Ares Capital Updates: East Timor
Oct 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
** P&C insurance software provider Guidewire announced that it has entered into a definitive agreement to acquire London-based insurtech Hyperexponential for a base purchase price of $1.7 billion in cash and a conditional $400 million if a specified recurring revenue target is achieved.
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** Canadian telecom firm BCE BCE.TO said its subsidiary, Bell Canada, had agreed to sell a minority stake in the newly formed wireless tower infrastructure company to global investment group La Caisse for C$2.45 billion ($1.75 billion).
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** Ares Capital ARCC.O said it will buy Apollo's MidCap Financial Investment MFIC.O in a stock-and-cash deal with an enterprise value of about $2.6 billion, strengthening its foothold in direct lending to mid-sized businesses.
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** East Timor has agreed to buy Woodside Energy's WDS.AX stake in the Greater Sunrise gas project for up to $200 million, paving the way to speed up development of the fields that could prove essential to Asia's smallest economy.
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** DoorDash DASH.O is in advanced talks to acquire Instacart CART.O in a deal that could value the grocery-delivery platform at about $17 billion, a source familiar with the matter told Reuters on Monday.
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(Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)