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Deals of the day-Mergers and acquisitions

ReutersDec 3, 2025 3:01 PM

- The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday:

UK-based hybrid fronting carrier Bridgehaven Europe Holdings has completed its acquisition of Dublin-based SureStone Insurance DAC after receiving all regulatory approvals, the company said on Tuesday.nL6N3X90L6

Britain's Smiths Group said it had agreed to sell its Smiths Detection unit, known for its baggage-screening kit in airports and explosive detectors, for 2 billion pounds ($2.65 billion), including debt, to private equity firm CVC Capital. nL6N3X90FZ

Australian minerals explorer Predictive Discovery PDI.AX said it has received a superior A$2.1 billion ($1.38 billion) takeover proposal from Perseus Mining PRU.AX, driving its shares to their highest level in more than 13 years. nL4N3X81NL

India's JSW Steel JSTL.NS said it will sell its Bhushan Power and Steel's steel business to form a new 50:50 joint venture with Japan's JFE Steel for an equity value of 315 billion rupees ($3.5 billion). nL4N3X90NU

Energy firms Uniper UN0k.DE and Sefe, which were bailed out by Berlin during Europe's energy crisis, are seen as attractive assets by potential investors, Germany's economy minister said. nL8N3X90J9

British money manager Schroders SDR.L is exploring options, including a potential sale, for its financial planning unit Benchmark Capital, two people familiar with the matter told Reuters. nL6N3X90L7

Chipmaker Marvell Technology MRVL.O said on Tuesday it will buy semiconductor startup Celestial AI in a deal worth $3.25 billion and gave a bullish forecast for its next fiscal year. nL4N3X81HV

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