Deals of the day-Mergers and acquisitions

June 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Baker Hughes <BKR.O> said it will sell its precision sensors and instrumentation (PSI) product line to aerospace and defense parts manufacturer Crane <CR.N> for $1.15 billion, as the oilfield services provider looks to optimize its portfolio.

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** Spectris <SXS.L> would accept a 3.73 billion pound ($5.06 billion) bid from Advent if the U.S. private equity firm tables a formal offer, it said , sending shares in the British scientific instruments maker soaring by 70%.

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** Argentex <AGFX.L> said it had rejected an equity investment proposal from the Netherlands-based Lavide Holding NV <LVIDE.AS> to obtain a 50% stake in the British currency risk manager for 2.5 million pounds ($3.39 million) and a potential provision of a 15 million pound credit line.

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** Howden has strengthened its position in the Peruvian market through the acquisition of reinsurance broker Innova Re, the company announced.

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** IonQ <IONQ.N> will acquire its British peer Oxford Ionics for $1.08 billion, the companies said , helping the U.S.-based quantum computing firm deepen its research expertise in the complex technology that is seeing booming investor interest.

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** U.S. chipmaker Qualcomm <QCOM.O> agreed to acquire Alphawave <AWE.L> for about $2.4 billion , as it expands into the booming AI data center market, sending shares of the British semiconductor company up by almost a quarter.

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** L'Oreal has agreed to acquire a majority stake in British skincare brand Medik8, boosting the French cosmetics giant's position in the fast-growing dermatological skincare market.

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** Brown & Brown BRO.N is closing in on a deal to buy Risk Strategies parent Accession Risk Management, in what would be the biggest acquisition in the U.S. intermediary’s history, a source familiar with the matter told The Insurer.

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** Global investment firm KKR said that British Columbia Investment Management Corp (BCI) will acquire a minority stake in Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, from KKR.

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