Deals of the day-Mergers and acquisitions

TPG

21/10/2025 14:36

Adds: Blackstone, Coinbase, CenterPoint Energy            Updates:  Coca-Cola HBC

Oct 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Blackstone  and TPG  have agreed to acquire medical diagnostics firm Hologic  in an up to $18.3 billion deal, it said, marking one of the largest healthcare take-private transactions this year.

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** Swiss-based bottler Coca-Cola HBC  said it has agreed to buy a 75% stake in its African counterpart for $2.6 billion, creating the world's second-largest Coca-Cola bottling partner by beverage volume.

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** Crypto heavyweight Coinbase  said it has bought investment platform Echo in a nearly $375 million cash-and-stock deal, aiming to bring fundraising tools to its platform.

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** CenterPoint Energy  will sell its natural gas distribution unit in Ohio to National Fuel Gas  for $2.62 billion, as the U.S. utility focuses on its core regulated electric and gas operations in other states.

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** KKR and Portuguese private equity firm Quadrantis Capital have agreed to acquire minority stakes in Hong Kong-based Peak Reinsurance, the companies said.

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** Activist investor Starboard Value has taken a nearly 5% stake in construction firm Fluor FLR.N and plans to push for ways to boost the company's shares, two sources familiar with the matter told Reuters on Monday.

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** Dye & Durham's  second-largest shareholder Plantro withdrew its proposal to acquire the Canadian legal software maker and may reduce or exit its holdings, citing deteriorating financial results and a lack of board engagement.

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 (Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))