Deals of the day-Mergers and acquisitions

Cintas

07/01/2025 20:31

(Adds Sociedad Textil Lonia and Ping An Healthcare)
       Jan 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on Tuesday:
    
    ** Spain's Sociedad Textil Lonia (STL) is to buy French
fashion house Christian Lacroix for an undisclosed sum, the
company said. 
         urn:newsml:reuters.com:*:nL8N3O31L1
  
    
    ** China's Ping An Healthcare  1833.HK  said its parent Ping
An Insurance  2318.HK  has made an offer to buy the remaining
stake in the healthcare firm it does not already own, valuing it
at HK$13.23 billion ($1.70 billion). 
         urn:newsml:reuters.com:*:nL4N3O313S
  

    ** Uniform rental company Cintas  CTAS.O  said it has
submitted an offer to buy UniFirst  UNF.N , valuing the uniform
supplier at about $5.3 billion.
     urn:newsml:reuters.com:*:nL4N3O3115
    
    ** HR management firm Paychex  PAYX.O  said it has agreed to
acquire payroll processing firm Paycor  PYCR.O  for about $4.1
billion in cash.
     urn:newsml:reuters.com:*:nL4N3O313Y

    ** Ryan Specialty has agreed to acquire property cat-focused
MGA Velocity Risk Underwriters from private equity sponsor
Oaktree Capital Management in a $525mn cash deal, with property
mutual giant FM acquiring Velocity Specialty Insurance Company
(VSIC).
     urn:newsml:reuters.com:*:nL6N3O30H9

    ** GFL Environmental  GFL.TO  said it would sell its
environmental services division in a deal valued at C$8 billion
($5.59 billion), as the Canadian waste management company aims
to pare debt and buy back shares.
     urn:newsml:reuters.com:*:nL4N3O30T4

    ** Getty Images  GETY.N  said it would merge with rival
Shutterstock  SSTK.N  to create a $3.7 billion stock image
powerhouse geared for the artificial intelligence era, in a deal
that would likely draw antitrust scrutiny.
     urn:newsml:reuters.com:*:nL4N3O30U9
    
    ** Julius Baer  BAER.S  said it had agreed to sell its
Brazilian domestic wealth management business to Banco BTG
Pactual  BPAC3.SA , days before Stefan Bollinger takes over as
chief executive after a difficult year for the Swiss bank.
     urn:newsml:reuters.com:*:nL8N3O30B9
    
    ** Guy Carpenter has completed its acquisition of the
remaining 51.5 percent of shares in Athens-based reinsurance
broker Carpenter Turner.
     urn:newsml:reuters.com:*:nL6N3O30EQ

    ** Dutch computer chip maker NXP said it has agreed to buy
Austria's TTTech Auto for $625 million, to strengthen its
automotive operations.
     urn:newsml:reuters.com:*:nL1N3O308I

    ** U.S. oil refiner Phillips 66  PSX.N  said on Monday it
will acquire EPIC Y-Grade GP and EPIC Y-Grade in an all-cash
deal for $2.2 billion.
     urn:newsml:reuters.com:*:nL4N3O21JD
    
    ** Medical device maker Stryker  SYK.N  on Monday agreed to
acquire Inari Medical  NARI.O , which makes devices that treat
patients with venous diseases, in an all-cash deal worth $4.9
billion.
     urn:newsml:reuters.com:*:nL1N3O2103

 (Compiled by Rajarshi Roy, Ateev Bhandari and Vallari
Srivastava in Bengaluru)
 ((ateev.bhandari@thomsonreuters.com;))