Deals of the day-Mergers and acquisitions
31/03/2025 14:44
Adds: Vanke, Rocket Companies, DHL, LPL Financial Holdings, HomeStreet, Renault Group March 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Chinese property developer Vanke's 000002.SZ residential property management unit Onewo 2602.HK said it will take full ownership of real estate development firm Shanghai Xiangda for 870.3 million yuan ($119.99 million). nL3N3QE0SW ** Fintech firm Rocket Companies RKT.N said it would buy home loan services provider Mr Cooper Group COOP.O for $9.4 billion, its second big deal this m onth a s it looks to broaden its mortgage-related offerings on its online platform. nL3N3QE0N2 ** DHL DHLn.DE said it will acquire U.S. pharmaceutical logistics firm Cryopdp as part of the German company's efforts to grow its operations in the pharma sector, confirming an earlier report by Reuters. nL5N3QE0PH ** Wealth management firm LPL Financial Holdings LPLA.O said it would acquire the privately held investment adviser Commonwealth Financial Network for about $2.7 billion in an all-cash transaction. nL3N3QE0LI ** HomeStreet HMST.O was valued at $300 million in a buyout proposal by Mechanics Bank, as the Seattle-based lender looks to clinch a merger after regulators blocked its previous attempt last year. nL3N3QE0LB ** Renault Group RENA.PA said it would acquire the remaining 51% shareholding in Renault Nissan Automotive India Private Ltd, currently held by Nissan Motor Corp 7201.T , taking complete ownership of the manufacturing plant. nL3N3QE0IW ** Varo Energy, backed by private equity giant Carlyle Group CG.O and the world's biggest trading house Vitol, said it had agreed to buy Swedish refiner Preem, betting on growing demand for biofuels. nL5N3QE0AJ ** Sweden's Fortnox FNOX.ST said that its largest owner First Kraft and private equity group EQT EQTAB.ST had made a joint cash offer for the accounting software firm, pushing its share price up 36% at opening. nL5N3QE036 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru) ((Rajarshi.Roy@thomsonreuters.com))