Deals of the day-Mergers and acquisitions

Metro Bank Holdings

26/02/2025 21:04

Adds: Infinera, Seven & i Holdings, Stroeer, UniCredit, CBS, Bain Capital, Exor

Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Private equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the U.S. automation software provider at as much as $10 billion, including debt, people familiar with the matter said.

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** Exor EXOR.AS, the holding company of Italy's Agnelli family, said it had kicked off the sale of a stake worth approximately 4% in Ferrari RACE.MI from which it expects to raise around 3 billion euros ($3.15 billion).

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** U.S. President Donald Trump on Wednesday said his team was discussing a settlement regarding his lawsuit against CBS relating to an interview with former Vice President Kamala Harris days before the 2024 election. nL2N3PH10N

** The European Central Bank is poised to give Italy's UniCredit CRDI.IM the green light to build up its stake in German rival Commerzbank CBKG.DE, a person familiar with the matter told Reuters, a move that could pave the way for Europe's biggest cross-border banking deal since the global financial crisis.

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** German group Stroeer's sale of its multi-billion-euro outdoor advertising business has suffered a setback as two bidders balked at the asking price, amid worries over the country's economy, three people familiar with the talks told Reuters.

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** Japan's Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer's founding family, two sources with knowledge of the matter said, while Canada's Alimentation Couche-Tard reaffirmed its commitment to a takeover. nL2N3PH0B1

** The EU Commission said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera INFN.O by Nokia NOKIA.HE. nL5N3PH20T

** State-owned China International Capital Corp (CICC) <3908.HK> is set to merge with its peer China Galaxy Securities <6881.H>, said five sources, in a deal that would create the country's third-largest brokerage with $193 billion in assets. nL2N3PH0J3

** Nutrition supplement maker Glanbia GL9.I announced plans to sell its underperforming U.S. weight management brand SlimFast on Wednesday, as its shares slid by 16% after prolonged higher raw material costs prompted it to issue a profit warning. nL2N3PH0AM

** NormanMax Insurance Holdings has confirmed it has agreed to acquire parametric MGA FloodFlash, as first reported by The Insurer on Monday. nL6N3PH0GK

** Switzerland-based pesticides maker Syngenta said that it has acquired a repository of natural compounds and genetic strains from drugmaker Novartis NOVN.S to further boost the development of biologic crop protection. nL5N3PH0W6

** Italian lender UniCredit  has reported its planned acquisition of a 29.99% minority stake in Germany's Commerzbank  to the German Cartel Office for assessment, a spokesperson for the regulator said. nL5N3PH0NL

** Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said. nL2N3PH0B2

** British lender Metro Bank  said it has signed an agreement to sell a portfolio of about 584 million pounds ($738.88 million) of unsecured personal loans. nL3N3PH0HZ

** Japan Post Holdings 9070.T said that a subsidiary offered to acquire Japanese logistics company Tonami Holdings 9070.T for about 92.6 billion yen ($619 million). nL2N3PH09I

** Private equity firm Roark Capital has signed a deal to acquire Dave's Hot Chicken for roughly $1 billion, according to sources familiar with the matter, in a deal that will reinforce its foothold in the restaurant industry. nL3N3PG27U

** UAE telecoms group e& EAND.AD said that it had agreed to sell its 40% stake in Khazna Data Center Holdings for $2.2 billion, as part of a deal struck with artificial intelligence company G42. nL2N3PG0NU

** Contract drug manufacturer Thermo Fisher Scientific TMO.N said on Tuesday it will buy Solventum's  purification and filtration business for about $4.1 billion, sending the latter's shares up around 9%. nL3N3PG18I

 (Compiled by Rajarshi Roy, Kamal Choudhury and Anuja Bharat Mistry in Bengaluru)

 ((AnujaBharat.Mistry@thomsonreuters.com))