Deals of the day-Mergers and acquisitions

Xerox Holdings

28/03/2025 20:02

Adds Boeing, Banco BPM, CK Hutchison, Poste Italiane and BRB

March 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Brazilian bank BRB BSLI3.SA has agreed to buy fellow lender Banco Master, newspaper O Globo reported on Friday, adding that the deal had been approved by BRB's board of directors and is set to be inked in the coming days. nL2N3QB0ZJ

** Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing's BA.N Jeppesen navigation unit for more than $8 billion, according to people familiar with the matter. nL2N3QA0VD

** Banco BPM BAMI.MI CEO Giuseppe Castagna on Friday rebuffed concerns raised by suitor UniCredit CRDI.MI about the impact on BPM's ability to lend of a regulatory setback it suffered in its bid for fund manager Anima Holding ANIM.MI. nL2N3QB0OV

** Hong Kong's CK Hutchison 0001.HK will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, two people with direct knowledge of the matter said, amid growing pressure from Beijing. nL3N3QB0T0

** Poste Italiane PST.MI is in talks with Vivendi VIV.PA to buy part of its stake in Telecom Italia (TIM) TLIT.MI, in a move which would make the state-backed conglomerate the leading investor in the former phone monopoly, three sources close to the matter said. nL5N3Q71M8

** U.S.-based private equity firm KKR KKR.N and Japanese state-backed fund Japan Investment Corp (JIC) will acquire medical gear maker Topcon 7732.T in a tender offer buyout worth 348 billion yen ($2.3 billion), KKR said. nL2N3QB09F

** WH Smith SMWH.L is to sell its more than 230-year-old British high street business to Hobbycraft-owner Modella Capital for 76 million pounds ($98 million) to focus on global travel retail. nL3N3QB0IH

** Mitsui Sumitomo Insurance, a subsidiary of MS&AD, has entered into an agreement to purchase 15% of the outstanding common stock of WR Berkley. nL6N3QB0H8

** Nippon Steel 5401.T and U.S. Steel X.N are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday. nL3N3QA1V9

** China-based Ninestar Corp 002180.SZ plans to sell printer and printing software maker Lexmark International II to Xerox XRX.O in a deal with an equity value of up to $150 million. nL2N3QB02F

 (Compiled by Rajarshi Roy, Padmanabhan Ananthan and Neil J Kanatt in Bengaluru)

 ((Padmanabhan.Ananthan@thomsonreuters.com))