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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds iFood, Viatris, Alliant Insurance Services, Equal Parts, Arthur J Gallagher's Pen Underwriting, Credit Agricole

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

** Brazilian delivery app iFood, owned by Dutch investment group Prosus PRX.AS, is in advanced talks to buy employee benefits provider Caju, Valor Economico reported on Thursday, citing unidentified sources.

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** Drugmaker Viatris VTRS.O will buy Pacira BioSciences PCRX.O for $1.65 billion in an all-cash deal, adding two non-opioid pain treatments to its portfolio, the companies said on Thursday.

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** Alliant Insurance Services has acquired Laconia, New Hampshire-based Melcher & Prescott, expanding its presence in the Northeast US, the broker said on Thursday.

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** AI-focused broker consolidator Equal Parts said on Wednesday it acquired El Valle Insurance, Archer Insurance Solutions and Loma Portal Insurance in the third quarter.

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** Arthur J Gallagher's Pen Underwriting has acquired Wexford, Ireland-based Ornella Underwriting Limited, the broker said on Wednesday.

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** Credit Agricole CAGR.PA Chief Executive Olivier Gavalda said on Thursday the French bank will not tender its 29.3% stake in Banco BPM BAMI.MI into Monte dei Paschi di Siena's BMPS.MI takeover offer.

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** BAM Groep BAMN.AS has agreed to buy A.Hak in a deal valuing the privately owned underground infrastructure specialist at an enterprise value of €504 million ($565 million), the Dutch builder said.

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** Anglo American's AAL.L proposed $54 billion merger with Canada's Teck Resources TECKb.TO and the sale of its Brazilian nickel business have become test cases for navigating geopolitical complexities as they await antitrust approval, CEO Duncan Wanblad said on Wednesday.

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** Britain's BBC and Channel 4 have held preliminary talks with the government about a broader tie-up of some operations, two people with direct knowledge of the discussions said, in a potential shake-up of the country's public broadcasters.

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** The holding company of Italian entrepreneur Francesco Gaetano Caltagirone said on Thursday it would vote against Monte dei Paschi di Siena's (MPS) BPMS.MI proposals to acquire Banco BPM BAMI.MI and Banca Generali BGN.MI.

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(Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

((Padmanabhan.Ananthan@thomsonreuters.com))

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