Deals of the day-Mergers and acquisitions

FedEx

22/05/2026 14:41

Adds: Bodycote, Inszone Insurance Services Updates: InPost, CVC Capital Partners

May 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Britain's Bodycote  said it received a conditional proposal from Apollo  for a possible all-cash offer, valuing the thermal processing services provider at about £1.52 billion ($2.04 billion).

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** Inszone Insurance Services has acquired Legacy Partners Insurance Services, the broker said on Thursday.

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** Polish parcel locker company InPost  said the €7.8 billion ($9 billion) buyout offer from a consortium made up of FedEx , Advent International and other InPost investors would run from May 26 to July 27.

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** Private equity firm CVC Capital Partners  and Belgian investment group Groupe Bruxelles Lambert  launched a €10.7 billion ($12.4 billion) cash bid for Recordati  , aiming to take the Italian drugmaker private.

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** Canadian pension ​fund OMERS has agreed to sell its 25% stake in Spanish energy logistics company Exolum to European real assets investment firm Stoneshield Capital and another investor.

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** Australia's Tuas  said it has ended a deal worth S$1.43 billion ($1.12 billion) to buy Keppel's  stake in mobile operator M1 via its unit Simba Telecom, days after the Singaporean regulator halted its review of the transaction.

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** Singapore Telecommunications  said on Thursday it was looking to sell a minority stake in its Australian unit Optus, and shared capital spending plans of S$3 billion ($2.35 billion) in 2027.

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** U.S. investment firm KKR  said on Thursday it would sell aerospace division of Circor to motion control products maker Parker-Hannifin  for $2.55 billion.

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** Equity Residential  and AvalonBay Communities  have agreed to an all-stock merger to form a housing rental company with an enterprise value of $69 billion, the firms said on Thursday, strengthening their presence in key U.S. markets.

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 (Compiled by Rajarshi Roy and Anhata Rooprai in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))