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Deals of the day-Mergers and acquisitions

ReutersJul 11, 2025 1:38 PM

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

Private equity-backed broker Alkeme Insurance has acquired California-based employee benefits and insurance provider Icon Benefits and Insurance Services.

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Australian building services provider Johns Lyng Group said it agreed to be bought by investment firm Pacific Equity Partners (PEP) for an equity value of A$1.1 billion ($725 million), sending its shares to a near five-month peak.

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Flutter Entertainment will buy Boyd Gaming's 5% stake in FanDuel in a deal worth about $1.76 billion, giving it complete ownership of the online betting operator, the companies said on Thursday.

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Italy's fourth-largest lender, BPER Banca , has secured at least 35% of smaller rival Banca Popolare di Sondrio (BPSO) under its buyout offer, a stake it considers sufficient to secure control, the Italian bourse said on Thursday.

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WK Kellogg on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, uniting two of the world's most recognizable consumer brands to weather a tough spending backdrop marked by persistent inflation.

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U.S. private equity firm Blackstone on Thursday raised its offer for Warehouse REIT to about 489 million pounds ($666 million), topping an agreed deal for the London-listed company from industry peer Tritax Big Box REIT .

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Italy's Leonardo made the lowest offer for Iveco Group's defence unit, bidding about 1.6 billion euros ($1.87 billion) including debt, Bloomberg News reported on Thursday, citing people familiar with the matter.

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