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Deals of the day-Mergers and acquisitions

ReutersOct 8, 2025 7:47 PM

- The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday :

** TopBuild Corp said it has acquired Specialty Products and Insulation (SPI) for $1 billion in cash, about a year after the two building materials makers terminated an initial agreement over antitrust concerns. nL3N3VP0LE

** PIB Group has expanded its presence in the Channel Islands with the acquisition of Guernsey-based general insurance specialist Ross Gower Group. nL6N3VP0JG

** Cenovus Energy sweetened its offer to acquire MEG Energy , raising the value of its proposed deal to C$8.6 billion ($6.16 billion), including debt, in an attempt to match a rival bid from Strathcona Resources . nL3N3VP0JP

** SoftBank Group <9984.T> has agreed to buy the robotics business of Swiss engineering group ABB in a $5.4 billion deal, as the Japanese investor forges ahead with a strategy to fuse robotics and artificial intelligence.

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** Germany's Helsing will acquire Australian underwater drone maker Blue Ocean, the defence startup said, as it looks to expand its AI-powered autonomous systems in the marine sector.

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** Belgian metal recycling group Umicore plans to sell its permanent gold inventories for about 410 million euros ($476 million) in a bid to capitalize on the metal's record prices, it said. nL5N3VP06J

** Singapore's Keppel REIT announced that it plans to acquire a 75% stake in Sydney's Top Ryde City Shopping Centre for a gross purchase price of A$393.8 million ($259 million), marking a major push into non-discretionary retail. nL3N3VP00N

** British philanthropist Lynn Forester de Rothschild is looking to offload her family's entire stake in global media and information company The Economist, Axios reported on Tuesday, citing a source familiar with the transaction. nL3N3VO18C

** Atlanta-based third-party administration (TPA) Engle Martin & Associates has acquired specialty international loss adjusting firm Integra Technical Services Group. nL6N3VO0LH

** Singapore's Temasek-backed Sembcorp Industries SCIL.SI said on Wednesday its subsidiary has signed a share purchase agreement to acquire ReNew Pvt Ltd's solar energy unit for about S$246 million ($190.02 million) to bolster its renewable energy portfolio in India. nL3N3VP0RE

** U.S.-based Critical Metals CRML.O has signed a letter of intent to supply magnet company REalloys with rare earths from its Tanbreez project in Greenland, the latest such deal as the government focuses on industries crucial to national security. nL3N3VP0S7

** Solstice Advanced Materials will continue to look for merger and acquisition opportunities as a standalone company, its CEO David Sewell said on Wednesday, seeking to emulate parent Honeywell's HON.O deal-making strategy. nL3N3VP12Q

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