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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Safran, SLC Agricola, EDF Power Solutions and Haleon

- The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Friday:


** Consumer health company Haleon HLN.L bid for U.S. supplements firm Thorne, sources said on Friday, at a time when Haleon has been hoping to expand in the roughly $70 billion U.S. supplements market.

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** Brazilian agricultural firms SLC Agricola SLCE3.SA and Bom Futuro Agricola separately said on Friday that they approved exercising rights to acquire all rural properties in the portfolio known as "Bloco Mato Grosso" that currently belongs to conglomerate Cosan's CSAN3.SA Radar unit.

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** EDF signed an agreement to sell EDF Power Solutions in the United States and Canada to private equity firm KKR, the company said on Friday.

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** French defence group Safran SAF.PA entered into exclusive negotiations with Exail Technologies EXA.PA over a possible acquisition of the sea drone maker at €128.5 ($146.71) per share, the companies said on Friday.

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** French sea drone maker Exail Technologies entered into negotiations on a possible sale of its business to French jet engine maker Safran at €128.5 per share, the companies said.

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** Byju's global lenders are in talks to take a roughly 30% stake in one of its partly-owned education firms in return for dropping all legal action against the Indian company's founder Byju Raveendran, two sources with direct knowledge said.

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** Unilever ULVR.L is exploring a bid for Thorne, a U.S. supplements maker valued at up to $4 billion, the Financial Times reported, as the consumer goods group accelerates its pivot towards beauty and wellbeing brands.

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** ON Semiconductor Corp <ON.O> said on Thursday it had agreed to acquire Synaptics <SYNA.O> in an all-stock deal valued at about $7 billion, its largest acquisition to date, as the chipmaker seeks to expand its presence in AI-enabled devices and so-called physical AI. nL4N42X204

** King Risk Partners has acquired North Andover, Massachusetts-based Perry Insurance Agency, the U.S. brokerage said on Thursday. nL6N42X0TI

** Texas-based Higginbotham has acquired Turbeville Insurance Agency, a Columbia, South Carolina-based independent brokerage with four offices across the state, while it has also expanded in South Georgia with a deal for Blanton & Griffin. nL6N42X18D


(Compiled by Rajarshi Roy, Kunal Das and Pragyan Kalita in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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