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Deals of the day-Mergers and acquisitions

ReutersJan 31, 2025 10:45 AM

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

Nippon Steel 5401.T will launch a $456 million tender offer to make Sanyo Special Steel 5481.T a wholly owned unit, Japan's biggest steelmaker said.

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Allstate has agreed to a deal to sell its group health business to Nationwide for $1.25 billion in cash adjusted for the closing balance sheet.

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California-based Inszone Insurance Services has acquired Texas Classic Insurance Agency, which serves clients across the Dallas and Fort Worth area from its locations in Granbury and Liberty Hill.

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World Insurance Associates has announced that it acquired Scottsdale, Arizona-based Stern Insurance Group (SIG) on Dec. 1, 2024.

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