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Deals of the day-Mergers and acquisitions

ReutersFeb 26, 2025 9:04 PM

Adds: Infinera, Seven & i Holdings, Stroeer, UniCredit, CBS, Bain Capital, Exor

- The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

Private equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the U.S. automation software provider at as much as $10 billion, including debt, people familiar with the matter said.

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Exor EXOR.AS, the holding company of Italy's Agnelli family, said it had kicked off the sale of a stake worth approximately 4% in Ferrari RACE.MI from which it expects to raise around 3 billion euros ($3.15 billion).

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U.S. President Donald Trump on Wednesday said his team was discussing a settlement regarding his lawsuit against CBS relating to an interview with former Vice President Kamala Harris days before the 2024 election. nL2N3PH10N

The European Central Bank is poised to give Italy's UniCredit CRDI.IM the green light to build up its stake in German rival Commerzbank CBKG.DE, a person familiar with the matter told Reuters, a move that could pave the way for Europe's biggest cross-border banking deal since the global financial crisis.

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*German group Stroeer's sale of its multi-billion-euro outdoor advertising business has suffered a setback as two bidders balked at the asking price, amid worries over the country's economy, three people familiar with the talks told Reuters.

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*Japan's Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer's founding family, two sources with knowledge of the matter said, while Canada's Alimentation Couche-Tard reaffirmed its commitment to a takeover. nL2N3PH0B1

The EU Commission said it had unconditionally approved the $2.3 billion acquisition of U.S. optical semiconductors and networking equipment maker Infinera INFN.O by Nokia NOKIA.HE. nL5N3PH20T

State-owned China International Capital Corp (CICC) <3908.HK> is set to merge with its peer China Galaxy Securities <6881.H>, said five sources, in a deal that would create the country's third-largest brokerage with $193 billion in assets. nL2N3PH0J3

Nutrition supplement maker Glanbia GL9.I announced plans to sell its underperforming U.S. weight management brand SlimFast on Wednesday, as its shares slid by 16% after prolonged higher raw material costs prompted it to issue a profit warning. nL2N3PH0AM

NormanMax Insurance Holdings has confirmed it has agreed to acquire parametric MGA FloodFlash, as first reported by The Insurer on Monday. nL6N3PH0GK

Switzerland-based pesticides maker Syngenta said that it has acquired a repository of natural compounds and genetic strains from drugmaker Novartis NOVN.S to further boost the development of biologic crop protection. nL5N3PH0W6

Italian lender UniCredit has reported its planned acquisition of a 29.99% minority stake in Germany's Commerzbank to the German Cartel Office for assessment, a spokesperson for the regulator said. nL5N3PH0NL

Copenhagen Infrastructure Partners has agreed to buy an offshore wind project in Britain from COBRA Group and Flotation Energy, the fund manager said. nL2N3PH0B2

British lender Metro Bank said it has signed an agreement to sell a portfolio of about 584 million pounds ($738.88 million) of unsecured personal loans. nL3N3PH0HZ

Japan Post Holdings 9070.T said that a subsidiary offered to acquire Japanese logistics company Tonami Holdings 9070.T for about 92.6 billion yen ($619 million). nL2N3PH09I

Private equity firm Roark Capital has signed a deal to acquire Dave's Hot Chicken for roughly $1 billion, according to sources familiar with the matter, in a deal that will reinforce its foothold in the restaurant industry. nL3N3PG27U

UAE telecoms group e& EAND.AD said that it had agreed to sell its 40% stake in Khazna Data Center Holdings for $2.2 billion, as part of a deal struck with artificial intelligence company G42. nL2N3PG0NU

Contract drug manufacturer Thermo Fisher Scientific TMO.N said on Tuesday it will buy Solventum's purification and filtration business for about $4.1 billion, sending the latter's shares up around 9%. nL3N3PG18I

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