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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Visa, KKR, American Family Mutual Insurance Company, Miller, Curium Updates: Prysmian

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Visa <V.N> said it would buy fraud intelligence provider BioCatch for $2.4 billion in cash from investment firm Permira and other investors, marking the card giant's latest effort to beef up its cybersecurity offerings.

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** Private equity giant KKR <KKR.N> will take Integer Holdings <ITGR.N> private in an all-cash deal valued at about $5.7 billion, the medical-device manufacturer said.

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** American Family Mutual Insurance Company will acquire Bowhead Specialty Holdings in an all-cash deal valued at about $1.2 billion, the companies said, expanding the insurer's commercial insurance business.

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** Specialist (re)insurance broker Miller has completed its acquisition of Dubai-based Shields Reinsurance Brokers, the company said.

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** Curium has agreed to buy radiopharmaceutical company Lantheus Holdings <LNTH.O> in a deal worth up to $8 billion, the companies said.

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** Italy's Prysmian <PRY.MI>, the world's largest cablemaker, has agreed to acquire U.S. electrical products maker Atkore <ATKR.N> in a $3.8 billion deal as it bets on electrification and AI-driven infrastructure demand.

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** Belgian insurer Ageas said it would sell its 30.95% stake in Maybank Ageas Holdings Berhad to Malaysian lender Maybank for €1.1 billion ($1.27 billion), booking an estimated after-tax capital gain of about €450 million.

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** Japanese trading house Itochu <8001.T> will buy 50% of U.S. aircraft leasing business Aviation Capital Group (ACG) from Tokyo Century <8439.T> for $1.946 billion, it said, expanding its aviation operations on expectations of continued growth in the leasing market.

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** Malayan Banking (Maybank) <MBBM.KL> said it would buy the remaining 30.95% stake in Maybank Ageas Holdings from Belgian insurer Ageas <AGES.BR> for 4.8 billion ringgit ($1.18 billion), snaring full ownership of its Etiqa insurance business.

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** BP <BP.L> has completed the sale of its Gelsenkirchen refinery to investment firm Klesch Group, expecting about a $1 billion reduction in underlying operating expenditure as the oil major simplifies its operations.

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** AstraZeneca Plc <AZN.L> and Bristol Myers Squibb <BMY.N> held preliminary discussions about a possible combination that would create one of the world's biggest pharmaceutical companies with a combined value of nearly $400 billion, according to a person familiar with the situation.

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** Emirates NBD <ENBD.DU> said on Sunday that its fully-owned subsidiary in Egypt had entered into a definitive agreement to acquire the retail banking business of HSBC Egypt.

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** Swiss building materials supplier Holcim Group <HOLN.S> said on Sunday it plans to sell its Philippines business to China's Huaxin Building Materials <600801.SS> in a deal that could raise at least $807 million.

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(Compiled by Rajarshi Roy and Pragyan Kalita in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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