Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions July 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
** U.S. logistics firm Prologis <PLD.N> offered to buy Segro <SGRO.L> for about £14 billion ($18.8 billion), or £10.32 per share in a last-minute approach ahead of a takeover deadline.
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** South African retailer Pepkor Holdings <PPHJ.J> said it will combine its fintech subsidiary Flash with payments platform Shop2Shop, creating a merchant commerce and financial technology company that it plans to list separately in future.
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** Norway's Vaar Energi said on Tuesday it will buy smaller Oslo-listed rival BlueNord to form Europe's largest independent oil and gas producer by output, in a deal indicated at around $1.33 billion.
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** Navacord has announced the acquisition of Steers Insurance Limited, marking the Canadian broker’s expansion into Newfoundland and Labrador.
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(Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)