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Deals of the day-Mergers and acquisitions

ReutersMay 6, 2025 1:39 PM

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

Industrial tools maker AMETEK < AME.N > will acquire FARO Technologies < FARO.O > at an enterprise value of about $920 million, the two companies said, sending the target firm's shares soaring 36% b efore the bell .

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Uber < UBER.N > said it would buy a majority 85% stake in Turkish food and grocery delivery platform Trendyol Go for $700 million, as the ride-hailing giant looks to tap new growth markets amid signs of saturation in its mainstay North American business.

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U.S. meal delivery firm DoorDash < DASH.O > will buy Deliveroo < ROO.L > in a deal valuing the British rival at about 2.9 billion pounds ($3.85 billion), the companies said, banking on a bigger reach and local expertise to take on competition.

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Arthur J Gallagher announced that it has acquired Türkiye-based boutique insurance and reinsurance broker Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera).

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Vietnamese budget airline Vietjet said it had bought a strategic stake in Kazakhstan's Qazaq Air to form a joint venture that will operate a fleet of at least 20 Boeing 737 aircraft.

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OpenAI has agreed to buy artificial intelligence-assisted coding tool Windsurf for about $3 billion, Bloomberg News reported on Monday, citing people familiar with the matter.

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British financial services provider Alpha Group International ALPH.L said it had rejected an all-cash proposal from U.S.-based business payments firm Corpay CPAY.N.

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U.S. fuel supplier Sunoco SUN.N has struck a $9.1-billion deal to buy Canada-based Parkland PKI.TO, a move that would create the Americas' largest independent fuel distributor but which Parkland's largest shareholder immediately criticized.

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