Deals of the day-Mergers and acquisitions

Peak Rare Earths

15/05/2025 21:04

Adds Renaissance Partners, CVS Health, Thoma Bravo, Singapore Telecommunications

May 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

**  Private equity firms Renaissance Partners and TPG said they had signed a binding agreement to jointly control SICIT, an Italian company that uses residues from the leather industry to make biostimulants for agriculture. nL8N3RN23C

** Healthcare conglomerate CVS Health CVS.N has bid for a significant number of stores and patient data in the Pacific Northwest from bankrupt pharmacy chain operator Rite Aid, Bloomberg News reported. nL4N3RN1LB

** Private equity firm Thoma Bravo has sold its remaining stake in Nasdaq NDAQ.O for proceeds of about $3.4 billion, Bloomberg News reported. nL4N3RN1G1

** Singapore Telecommunications STEL.SI is expected to sell shares worth $1 billion in Indian telecom major Bharti Airtel BRTI.NS on Friday through block deals, the Business Standard newspaper reported, citing sources. nL4N3RN1BO

    ** Canada's Enbridge  said that Stonlasec8 Indigenous Alliance will buy a 12.5% stake in the pipeline operator's Westcoast system for C$715 million ($511.19 million), as Indigenous communities look to own stake in energy firms. nL4N3RN0ZJ

**  Dick's Sporting Goods  has agreed to buy smaller rival Foot Locker  for $2.4 billion, the second major footwear deal this month after the buyout of Skechers, as U.S. retailers look to navigate a tough demand landscape. nL4N3RN0TD

** Belgian bank KBC Groep  said it has reached a cash agreement to acquire 98.45% of 365.bank, in a deal valuing the Slovakia-based lender at 761 million euros ($852 million). nL1N3RN054

** Convenience food manufacturer Greencore  said it had agreed to the terms of a recommended acquisition of UK fresh food provider Bakkavor Group , in a deal valued at 1.2 billion pounds ($1.59 billion). nL4N3RN0FV

** Strathcona Resources  has sold all of its Montney assets for about C$2.84 billion and acquired Hardisty Rail Terminal as part of its "core area consolidation" strategy, the Canadian oil and gas producer said on Wednesday. nL4N3RN025

** Peak Rare Earths  said that Chinese rare earths producer Shenghe Resources <600392.SS> will acquire the Australian firm for A$150.5 million ($96.62 million), in addition to the full amount raised under Peak's proposed A$7.5 million entitlement offer. nL4N3RN00H

** Insurance Australia Group  said it will buy The Royal Automobile Club of Western Australia's insurance business and entered a licensing agreement for its home, motor and niche insurance products for a total of A$1.35 billion ($867.51 million). nL4N3RM23K

** Databricks said on Wednesday it would buy database startup Neon in its latest deal valued at about $1 billion, aiming to strengthen its analytics platform with technology that can help businesses develop and use artificial intelligence agents more easily. nL4N3RM0VA

** Dick's Sporting Goods  was nearing a deal to buy rival footwear retailer Foot Locker  for about $2.3 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. nL4N3RM20J

 (Compiled by Rajarshi Roy, Prakhar Srivastava and Pooja Menon in Bengaluru)

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