Deals of the day-Mergers and acquisitions

USA Rare Earth

23/07/2026 14:52

Adds: Horace Mann Educators, USA Rare Earth, Matador Resources
July 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
     
** Horace Mann Educators has agreed to acquire Medical Mutual of Ohio's employee assistance provider and individual supplemental platform, as well as reinsure its group life and disability business, in three transactions with a total net purchase price of $240 million.
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** USA Rare Earth <USAR.O> finalised a deal to buy a minority stake in France's Carester that will provide funds for expansion of a processing plant due to open later this year.
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** Matador Resources <MTDR.N> said it would buy privately held Paloma Permian from EnCap Investments for about $1.28 billion, adding high-quality drilling assets in the oil-rich Delaware Basin.
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** Ford Motor <F.N> and China's Geely have struck a landmark deal under which the U.S. automaker will sell part of its Almussafes plant near Valencia, paving the way for Geely to manufacture electric vehicles in Spain, ABC newspaper reported on Wednesday.
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** Brookfield Asset Management <BAM.N> will acquire battery storage firm Aypa Power from funds managed by Blackstone <BX.N> at an equity value of $3 billion, it said on Wednesday, as it looks to expand its renewables portfolio in North America.
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 (Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))