Deals of the day-Mergers and acquisitions

Sanyo Special Steel Co

31/01/2025 14:34

(Adds: Cyfrowy Polsat, Give Back Beauty Updates:)
       Jan 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Friday:

        ** Polish media group Cyfrowy Polsat  CPS.WA  has sold
its 9.99% stake in software firm Asseco Poland  ACPP.WA  to
Yukon Niebieski Kapital for more than 705 million zlotys ($173
million), Polsat said.
  
         urn:newsml:reuters.com:*:nL5N3OR12J
  
        
  
        ** Italy's Give Back Beauty, which makes perfumes for
luxury brands such as Chopard and ZEGNA, said it had agreed to
buy domestic rival AB Parfums to grow its distribution
operations and add licensing deals.
  
         urn:newsml:reuters.com:*:nL5N3OQ22R
  
    
    ** 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.
     urn:newsml:reuters.com:*:nL3N3OR0FR
    
    ** 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.
     urn:newsml:reuters.com:*:nL6N3OQ0PT

    ** 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.
     urn:newsml:reuters.com:*:nL6N3OQ0KY
    
    ** World Insurance Associates has announced that it acquired
Scottsdale, Arizona-based Stern Insurance Group (SIG) on Dec. 1,
2024.
     urn:newsml:reuters.com:*:nL6N3OQ0L6

 (Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))