Deals of the day-Mergers and acquisitions

Gildan Activewear

13/08/2025 10:45

August 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** Israeli software provider Sapiens International  said that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom.

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** China-headquartered medical device maker Kangji Medical <9997.HK> said on Tuesday it had received a go-private proposal from a consortium backed by investment firm TPG , valuing the firm at HK$11.17 billion ($1.42 billion).

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** Cenovus Energy  is in talks with Canadian Indigenous groups to jointly buy MEG Energy , Bloomberg News reported on Tuesday, citing people familiar with the discussions.

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** Canada's Gildan Activewear  is nearing a deal to buy Hanesbrands , potentially valuing the U.S. innerwear-maker at about $5 billion, including debt, according to a person familiar with the matter.

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** Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet's  Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser's billions of users pivotal to the AI search race.

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** Turkey's largest hospital operator Acibadem has agreed to buy an 80% stake in Bayindir Hospitals from Is Bankasi for $55 million, Acibadem's Chairman Mehmet Ali Aydinlar said on Tuesday.

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 (Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))