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Deals of the day-Mergers and acquisitions
Jan 31, 2025 3:03 AM

Jan 31 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Friday:

** Nippon Steel ( NISTF ) will launch a $456 million tender

offer to make Sanyo Special Steel ( SYPLF ) a wholly owned unit,

Japan's biggest steelmaker said.

** Allstate has agreed to a deal to sell its group health

business to Nationwide for $1.25 billion in cash adjusted for

the closing balance sheet.

** California-based Inszone Insurance Services has acquired

Texas Classic Insurance Agency, which serves clients across the

Dallas and Fort Worth area from its locations in Granbury and

Liberty Hill.

** World Insurance Associates has announced that it acquired

Scottsdale, Arizona-based Stern Insurance Group (SIG) on Dec. 1,

2024.

(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)

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