Deals of the day-Mergers and acquisitions

Weyerhaeuser

23/05/2025 14:39

Adds: Generali and Helvetia

May 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Shareholders of Swiss insurer Helvetia HELN.S approved a plan for the business to merge with its rival Baloise BALN.S, the company said. nL8N3RV075

** Generali announced that it has completed the sale of 100% of its stake in Generali Life Assurance Philippines to Insular Life Assurance Company. nL6N3RV0DJ

** RedBird Capital Partners, the U.S. fund that bought Britain's Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing a deal that values the enterprise at 500 million pounds ($673 million). nL8N3RV092

** The U.S. Federal Trade Commission dropped a case that sought to block Microsoft's  $69 billion purchase of "Call of Duty" maker Activision Blizzard, saying on Thursday that pursuing the case against the long-closed deal was not in the public interest. nL1N3RU15B

** Lumber company Weyerhaeuser  said on Thursday it will acquire nearly 117,000 acres of timberlands in North Carolina and Virginia from a unit of Roseburg Forest Products for $375 million. nL4N3RU1NB

** OnlyFans owner Fenix International Ltd is in talks to sell the porn-driven company to an investor group at a valuation of around $8 billion, three sources familiar with the matter told Reuters. nL6N3RU022

 (Compiled by Rajarshi Roy in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))