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Deals of the day-Mergers and acquisitions

ReutersJun 5, 2025 7:58 PM

- The following bids, mergers, acquisitions and disposals were reported by 20.00 GMT on Thursday:

Self-driving truck startup Plus Automation will go public in the United States through a $1.2 billion merger with special purpose acquisition company Churchill Capital Corp IX CCIX.O, the companies said on Thursday.

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British student accommodation developer Unite Group UTG.L has proposed to buy smaller rival Empiric Student Property ESP.L for about 719 million pounds ($976 million), the companies said on Thursday, the latest in a string of deal-making in the UK.

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Ryan Specialty has signed a definitive agreement to acquire the business of JM Wilson Corporation, a Michigan-based MGA and surplus lines broker.

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Chemical maker LyondellBasell LYB.N said on Thursday it is in exclusive talks with Munich-based investment firm AEQUITA for the sale of certain olefin and polyolefin assets in Europe.

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Australian MGA ATC Insurance Solutions has agreed to acquire fellow BP Marsh investee company Sterling Insurance, in a deal that increases the specialist UK insurance investor's stake in ATC to 27%.

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Plus Automation will go public in the U.S. through a merger with a blank-check firm in a deal that values the self-driving truck startup at $1.2 billion, the companies said.

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Vermilion Energy VET.TO will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said, using the proceeds to repay debt and completing its exit from the U.S. market.

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Monarch E&S Insurance Services has acquired MGA and wholesale broker Market Finders, with the addition of the Albuquerque, New Mexico-based firm expanding its reach across the Southwest.

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The founding firms of India's Bajaj Finserv will sell at least a 1.58% stake they own in the financial services company in a deal worth 47.5 billion rupees ($554 million), news channel ET NOW reported, citing sources.

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Empiric Student Property said it has received a buyout proposal worth 710.6 million pounds ($964.8 million) from Unite Group , sending shares of the British real estate investment trust up more than 6%.

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Kimberly-Clark struck a deal with Brazilian pulp maker Suzano to sell a majority stake in its international tissue business, valuing the business at about $3.4 billion, the Kleenex tissue maker said.

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South Korea's Hanwha Systems <272210.KS> said it was selling its entire 5.4% stake in Eutelsat for about 78 million euros ($85 million), as the Franco-British satellite operator seeks new investors. nL5N3S808P

Chemical maker LyondellBasell LYB.N said it is in exclusive talks with Munich-based investment firm AEQUITA for the sale of certain olefin and polyolefin assets in Europe. nL3N3S80MW

British outsourcer Mitie Group will acquire smaller peer Marlowe for about 366 million pounds ($496 million) in a cash-and-stock deal, the companies said, sending the latter's shares up nearly 8%. nL3N3S80FM

Prada <1913.F> said it acquired a 10% stake in Italian leather group Rino Mastrotto, as the luxury group aims to tighten its grip over the production process.nL5N3S807Y

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