Deals of the day-Mergers and acquisitions

Beacon Roofing Supply

20/03/2025 09:43

March 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the northern German bank for years considered a listing on the stock exchange.

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** Targo Deutschland, the German subsidiary of France's Crédit Mutuel Alliance Fédérale, will buy the German lender Oldenburgische Landesbank (OLB), the two companies said on Thursday.

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** Japanese technology investor SoftBank Group 9984.T is accelerating its move into chip technology companies with the $6.5 billion purchase of Ampere Computing, a U.S. chip startup founded by the former president of Intel .

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** Building-products distributor QXO QXO.N signed a deal for Beacon Roofing Supply BECN.O, valuing Beacon at roughly $7.7 billion, or $11 billion including debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

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** Nvidia NVDA.O CEO Jensen Huang said on Wednesday that his company had not been approached about purchasing a stake in Intel INTC.O.

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** The Doctors Company said on Wednesday it had agreed to buy ProAssurance for $25 per share in cash, valuing the New York-listed medical liability insurer at $1.3 billion.

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 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com;))