Deals of the day-Mergers and acquisitions

Brighthouse Financial

31/10/2025 13:35

Adds:  Ananym Capital

Oct 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

**  Ananym Capital has intensified its call for auto-parts supplier LKQ  to sell its European business, stressing that there are interested buyers and that the proceeds could be used to buy back shares, according to a letter to LKQ's board that was seen by Reuters.

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** Mexican precious metals miner Fresnillo  has agreed to buy Canada's Probe Gold  for C$780 million ($556 million) in cash, the companies said, marking the London-listed firm's expansion into North American markets.

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** Britain's TT Electronics  said it had rejected three unsolicited takeover proposals from private equity firm DBAY Advisors in the past three months, the last one worth 130 pence per share.

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** Aquarian Holdings is in advanced talks to take private U.S. life insurer Brighthouse Financial  in a $4 billion deal that could be announced as soon as this weekend, Financial Times reported on Thursday, citing sources familiar with the matter.

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** Intel  is in talks to acquire artificial intelligence processor maker SambaNova, which has been working with bankers to gauge interest from potential suitors, Bloomberg News reported on Thursday, citing people familiar with the matter.

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** Palomar Holdings has entered into a definitive agreement to acquire The Gray Casualty and Surety Company from Bernhard Capital Partners and The Gray Insurance Company for total consideration of $300 million in cash to build scale in the surety market.

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** Crypto miner Core Scientific  on Thursday ended a deal for its sale to CoreWeave CRWV.O after shareholders voted against the proposal, marking the culmination of months-long investor and proxy campaigns against the agreement.

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** Imerys  is in exclusive talks with a potential investor to sell a minority stake in its lithium mine project in central France, with the specialist minerals firm confident it can conclude a deal by the end of January, its finance chief said on Thursday.

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 (Compiled by Rajarshi Roy and Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))