Deals of the day-Mergers and acquisitions

Trilogy Metals

07/10/2025 20:49

Adds: Trilogy, Boeing, Intercontinental Exchange

Oct 7 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Qualcomm  said it has acquired Arduino, an Italian not-for-profit firm that makes hardware and software for developing prototypes of robots and other electronic gadgets.

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** German family-owned construction materials maker Knauf Group said that attempts to sell its business in Russia, ongoing since April last year, have failed. nL5N3VO0K1

** IKEA has acquired U.S. logistics technology firm Locus, the two companies said, a deal the Swedish furniture retailer said would make its deliveries to shoppers smoother and faster as it invests to expand online sales. nL5N3VM06P

** RedBird Capital Partners-backed Bishop Street Underwriters has acquired London-based MGA Avid Insurance, the company said.

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** CapitaLand Ascendas REIT  said that it will acquire three industrial and logistics properties in Singapore for about S$565.8 million ($438 million) from Vita Partners, as part of a S$1.3 billion domestic investment drive for the year. nL2N3VO00G

** Shares of Trilogy Metals TMQ.NTMQ.TO more than tripled their gains in morning trading on Tuesday, hitting a record high, after the White House said it would acquire a 10% stake in the Vancouver-based miner. nL6N3VO0H2

** Boeing BA.N is set to gain EU antitrust approval for its $4.7 billion acquisition of Spirit Aero Systems SPR.N, with remedies to address EU concerns expected to include sales of some of the latter's businesses, people with direct knowledge of the matter said. nL2N3VO0J5

** Intercontinental Exchange ICE.N said on Tuesday it would invest up to $2 billion in Polymarket, marking the New York Stock Exchange owner's expansion into event-driven markets as the once-nascent asset class gains widespread popularity. nL3N3VO0IO

 (Compiled by Sahil Pandey, Siddhi Mahatole and Rajarshi Roy in Bengaluru)

 ((Sahil.Pandey@thomsonreuters.com))