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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:


** Norwegian telecom operator Telenor <TEL.OL> said it has agreed to acquire fibre operator Enivest for 2.5 billion Norwegian crowns ($263.55 million), expanding its broadband footprint in western Norway.

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** Gallagher has bought a majority stake in ACE Re Gallagher Arabia Reinsurance Brokers, adding to its presence in Saudi Arabia as the kingdom seeks to attract more international firms and diversify its economy.

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** Taiwan-listed BizLink Holding <3665.TW>, a cables and connectors maker, said it agreed to buy Singapore-based Interplex Datacom for an enterprise value of $850 million in cash, as it seeks to expand its data center connectivity and infrastructure business.

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** Australia's Sigma Healthcare <SIG.AX> said that it had engaged in preliminary discussions for a potential acquisition of the British pharmacy chain Boots.

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** Australia's Steadfast Group <SDF.AX> said Amwins Group and Dragoneer Investment Group have offered to buy the insurance broker in a A$7.7 billion ($5.41 billion) deal, including debt, helping its shares log their best day ever.

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** Norwegian defence and technology group Kongsberg <KOG.OL> said it had completed the acquisition of U.S.-based Zone 5 Technologies, a developer of low-cost, mass-producible missile systems linked to U.S. Air Force efforts to develop so-called affordable mass munitions.

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(Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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