Deals of the day-Mergers and acquisitions

Ulta Beauty

10/07/2025 10:47

July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** Blackstone  said it had raised its offer to buy Warehouse REIT  to 115 pence per share, valuing the British firm at about 489 million pounds ($665.6 million).

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** U.S. cosmetics retailer Ulta Beauty  is on the verge of a deal to buy British high street chain Space NK, Sky News reported, citing a source.

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** Sunnova Energy  said on Wednesday that it has agreed to sell a portion of its residential solar installation business to Omnidian for $7 million in cash, along with the assumption of certain liabilities, as part of a stalking horse deal.

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** The Italian candy maker behind Ferrero Rocher and Nutella is nearing a deal to buy cereal maker WK Kellogg , a source told Reuters, an acquisition that would combine two of the world's best known consumer food makers.

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** Merck  said on Wednesday it will acquire UK-based Verona Pharma  for about $10 billion, gaining a promising respiratory treatment as it faces pressure to diversify beyond its blockbuster cancer drug Keytruda.

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** Ontario Teachers' Pension Plan (OTPP) said on Wednesday that it has agreed to sell its majority stake in India's Sahyadri Hospitals Group to Temasek-backed Manipal Hospitals.

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** Fast-growing U.S. retail broker King Risk Partners has entered the Louisiana market by acquiring Ruston-based independent insurance agency Louisiana Insurance Services.

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** Choice Financial Group has acquired Connecticut-based Corporate Risk Solutions, marking the Bob Hilb-led broker's 30th acquisition since launching in 2021.

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 (Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))