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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: American Family Mutual Insurance, Hartford, SRI Global Updates:

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:


** The Hartford has entered into a definitive agreement to buy Equitable's employee benefits business, the insurer announced on Tuesday.

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** SRI Global, an investment holding company controlled by Italian businessman Giulio Gallazzi, said on Tuesday it had submitted a non-binding expression of interest to acquire the business of luxury yacht maker The Italian Sea Group <TISG.MI>, joining the race for the troubled company.

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** Bending Spoons <BSP.O> has agreed to buy Airtable in an all-cash deal valuing the U.S. software firm at $1.285 billion, the companies said , marking the Italian technology company's first acquisition since its Nasdaq debut last month.

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** British warehouse landlord Segro <SGRO.L> has accepted a takeover bid by rival U.S. logistics firm Prologis <PLD.N> in a deal worth up to £14.3 billion ($19.19 billion), the companies said , following pressure from investors

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** Qantas Airways <QAN.AX> said Jetstar Japan would buy back its 33.32% stake in the budget carrier in an 8.2 billion yen ($52.11 million) deal, paving the way for it to come under Japanese ownership and rebrand under a new name.

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(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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