Deals of the day-Mergers and acquisitions

Kellanova

05/03/2025 21:02

Adds: King Risk Partners, Riskified, Mars, Saudi Aramco

March 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Private equity-backed broker King Risk Partners has acquired The Insurance Center, an independent agency based in Warwick, Rhode Island, that serves individuals and businesses across the state. nL6N3PO0O2

** Riskified RSKD.N, a provider of software that helps prevent e-commerce fraud, is exploring options including a potential sale after receiving takeover interest, according to people familiar with the matter. nL2N3PO0XJ

** Family-owned candy giant Mars is set to price a $26 billion eight-part investment-grade bond offering to help finance its takeover of Pringles maker Kellanova K.N, said people familiar with the matter, in what is expected to be one of the largest acquisition financing deals this year. nL2N3PO10H

** Saudi Aramco 2222.SE is in the early stages of considering a potential bid for BP's BP.L lubricant business Castrol, according to a person with knowledge of the matter. nL3N3PO100

** Jazz Pharmaceuticals  will acquire biotech firm Chimerix  for about $935 million in cash to gain access to its lead drug candidate to treat a rare brain tumor, the companies said. nL3N3PO139

** Australian lender Commonwealth Bank of Australia  said it has sold its remaining 4.4% stake in Vietnam International Commercial Joint Stock Bank , marking its full exit from the Vietnamese lender. nL3N3PO0UN

** Swedish grocery retailer ICA Gruppen said it would sell its Baltic subsidiary to Denmark's biggest supermarket operator Salling Group in a deal worth 1.3 billion euros ($1.38 billion), excluding debt. nL3N3PO0T6

** Nvidia-backed  CoreWeave said on Tuesday it is acquiring AI developer platform Weights & Biases, as the company seeks to extend its cloud platform ahead of its IPO. nL3N3PO0QZ

** Japan's Trial Holdings 141A.T said it would spend 382.6 billion yen ($2.55 billion) to acquire the Seiyu supermarket chain controlled by U.S. private equity fund KKR . nL2N3PO08Z

** Arthur J. Gallagher  said on Tuesday it would acquire rival Woodruff Sawyer in a $1.2 billion deal, marking the insurance broker's latest move to expand its business. nL3N3PN28I

 (Compiled by Rajarshi Roy, Aamir Sohail and Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))