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Deals of the day-Mergers and acquisitions
Mar 20, 2025 3:00 AM

March 20 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** French banking group Credit Mutuel Alliance Federale is

buying German lender Oldenburgische Landesbank (OLB), a surprise

move after the northern German bank for years considered a

listing on the stock exchange.

** Targo Deutschland, the German subsidiary of France's Crédit

Mutuel Alliance Fédérale, will buy the German lender

Oldenburgische Landesbank (OLB), the two companies said on

Thursday.

** Japanese technology investor SoftBank Group is

accelerating its move into chip technology companies with the

$6.5 billion purchase of Ampere Computing, a U.S. chip startup

founded by the former president of Intel ( INTC ).

** Building-products distributor QXO signed a deal for

Beacon Roofing Supply ( BECN ), valuing Beacon at roughly $7.7

billion, or $11 billion including debt, the Wall Street Journal

reported on Wednesday, citing people familiar with the matter.

** Nvidia ( NVDA ) CEO Jensen Huang said on Wednesday that his

company had not been approached about purchasing a stake in

Intel ( INTC ).

** The Doctors Company said on Wednesday it had agreed to buy

ProAssurance for $25 per share in cash, valuing the New

York-listed medical liability insurer at $1.3 billion.

(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

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