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Deals of the day-Mergers and acquisitions
Mar 7, 2025 2:56 AM

March 7 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Friday:

** German e-retailer Zalando said that it has secured

the purchase of more than 90% of ABOUTYOU's share

capital in its public takeover offer, taking plans to buy the

smaller rival a step further.

** Norwegian oil company DNO has agreed to buy rival

Sval Energi from private equity group HitecVision in a deal

valued at $1.6 billion, it said, marking the latest case of

consolidation among North Sea oil and gas producers.

** Walgreens Boots Alliance ( WBA ) will be taken private by

Sycamore Partners for $10 billion, the firms said on Thursday,

closing out nearly a century of trading on public markets for

the U.S. pharmacy giant.

** Star Entertainment said it has not yet reached an

agreement over selling 50% stake in its Brisbane joint venture

to its Hong Kong-based shareholders.

** Australia's Insignia Financial ( IOOFF ) said it had received

higher takeover offers from Bain Capital and CC Capital

Partners, with both the private equity firms sweetening their

bids to A$3.34 billion ($2.11 billion).

(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

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