Deals of the day-Mergers and acquisitions
31/01/2025 10:45
Jan 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Friday:
** Nippon Steel 5401.T will launch a $456 million tender
offer to make Sanyo Special Steel 5481.T a wholly owned unit,
Japan's biggest steelmaker said.
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** Allstate has agreed to a deal to sell its group health
business to Nationwide for $1.25 billion in cash adjusted for
the closing balance sheet.
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** California-based Inszone Insurance Services has acquired
Texas Classic Insurance Agency, which serves clients across the
Dallas and Fort Worth area from its locations in Granbury and
Liberty Hill.
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** World Insurance Associates has announced that it acquired
Scottsdale, Arizona-based Stern Insurance Group (SIG) on Dec. 1,
2024.
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(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))