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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

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

** Starbucks Corp SBUX.O is weighing the sale of a majority stake in its Japan business in a potential deal that could value the coffee chain's biggest overseas company-operated market at about $3 billion, two people with knowledge of the matter said.

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** Private equity firm Kelso & Co is exploring a sale of its majority stake in legacy reinsurance group Premia Holdings, sources told The Insurer.

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** Australia's Reliance Worldwide RWC.AX said it has agreed to a $2.9 billion buyout bid from global investment firm Brookfield BN.TO, but will continue to seek alternative proposals from other parties.

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** Aon company NFP has acquired multidisciplinary risk management firm Moores Insurance Management, based in Minneapolis, Minnesota, seeking to expand its capabilities in the Twin Cities.

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** Arthur J Gallagher has acquired Englewood, Colorado-based McMillan Insurance & Bonding, which does business as Innovise Business Consultants, the broker said on Tuesday.

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** Keystone has acquired Orange County, California-headquartered Infinity Assurance Group (IAG), the U.S. insurance broking platform announced on Tuesday.

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** Singapore's Grab GRAB.O said on Tuesday it would acquire buy now, pay later (BNPL) provider Atome Financial in a deal that could ultimately value the target at up to $4.5 billion, accelerating its expansion in Southeast Asian consumer lending.

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(Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

((Padmanabhan.Ananthan@thomsonreuters.com))

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