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Deals of the day-Mergers and acquisitions

ReutersMay 19, 2025 1:40 PM

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

AMD AMD.O has agreed to sell the server-manufacturing business of recently acquired ZT Systems to Sanmina in a $3 billion deal, making the contract manufacturer its partner for building AI systems as the chipmaker works to onshore supply chains. nL4N3RR0TQ

Toyota Industries Corp <6201.T> plans to accept a tender offer by Toyota Motor Corp <7203.T>, the automaker's Chairman Akio Toyoda and others, and is making arrangements to announce its intention as early as May, Kyodo news agency reported.

nL1N3RR0AS

Drugmaker Regeneron Pharmaceuticals <REGN.O> will buy genetic testing firm 23andMe Holding for $256 million through a bankruptcy auction, the companies said. nL4N3RR0S4

Blackstone Infrastructure <BX.N> will acquire utility company TXNM Energy <TXNM.N> in an $11.5 billion deal, including debt, as the investment firm bets on rising U.S. electricity demand and a shift to cleaner energy sources. nL4N3RR0QF

IAG has agreed a A$1.35 billion ($870 million) deal to acquire the underwriting business of the Royal Automobile Club of Western Australia (RAC), as well as entering into a 20-year distribution agreement for RAC branded home, motor and niche insurance products. nL6N3RR0OB

British finance group Legal & General said it had agreed to acquire a 75% stake in real estate investor Proprium, as the company sharpens its focus on private markets under chief executive Antonio Simoes. nL8N3RR079

KKR said it believed its offer for British healthcare property investor Assura represented a "superior" proposal after rival suitor Primary Health Properties PHP.L outbid the U.S. private equity firm last week. nL4N3RR0E9

Diageo DGE.L still has no plans to sell its well-performing beer brand Guinness, CEO Debra Crew said, when the top spirits maker said it expected to make substantial changes to its portfolio. nL8N3RR0IF

European Union antitrust regulators will decide by June 25 whether to clear Mars' $36 billion takeover of Pringles maker Kellanova K.N, according to a European Commission filing. nL1N3RR09U

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