Deals of the day-Mergers and acquisitions

Pinnacle Financial Partners

25/07/2025 10:44

July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** British lender Close Brothers  said it has agreed to sell Winterflood Securities to financial services company Marex Group for approximately 103.9 million pounds ($140.20 million) in cash.

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** Pinnacle Financial Partners  and Synovus Financial  have agreed to merge in an $8.6 billion all-stock deal, forming one of the largest regional banks in the southeastern United States with over $115 billion in combined assets.

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** French-Italian chipmaker STMicroelectronics  said on Thursday it would acquire part of NXP Semiconductors'  sensor unit for up to $950 million in cash.

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** The $8.4 billion merger between Paramount Global PARA.O and Skydance Media won approval from U.S. regulators on Thursday, clearing the way for a sale that evolved into a clash over press freedom in the era of President Donald Trump.

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** Testing and inspection group SGS SGSN.S extended its string of acquisitions with three new companies on Friday, as its half-year revenue grew 5.3% organically and met market expectations.

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** CK Hutchison's 0001.HK plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.

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 (Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))