Deals of the day-Mergers and acquisitions

Warehouse Reit

11/07/2025 10:40

July 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** Australian building services provider Johns Lyng Group  said it agreed to be bought by investment firm Pacific Equity Partners (PEP) for an equity value of A$1.1 billion ($725 million), sending its shares to a near five-month peak.

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** Flutter Entertainment  will buy Boyd Gaming's  5% stake in FanDuel in a deal worth about $1.76 billion, giving it complete ownership of the online betting operator, the companies said on Thursday.

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** Italy's fourth-largest lender, BPER Banca , has secured at least 35% of smaller rival Banca Popolare di Sondrio (BPSO)  under its buyout offer, a stake it considers sufficient to secure control, the Italian bourse said on Thursday.

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** WK Kellogg  on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, uniting two of the world's most recognizable consumer brands to weather a tough spending backdrop marked by persistent inflation.

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** U.S. private equity firm Blackstone  on Thursday raised its offer for Warehouse REIT  to about 489 million pounds ($666 million), topping an agreed deal for the London-listed company from industry peer Tritax Big Box REIT .

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** Italy's Leonardo  made the lowest offer for Iveco Group's defence unit, bidding about 1.6 billion euros ($1.87 billion) including debt, Bloomberg News reported on Thursday, citing people familiar with the matter.

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 (Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))