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Deals of the day-Mergers and acquisitions
May 26, 2025 1:47 AM

May 6 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Arthur J Gallagher announced that it has acquired

Türkiye-based boutique insurance and reinsurance broker Aspera

Sigorta ve Reasürans Brokerliği A.Ş. (Aspera).

** U.S. meal delivery firm DoorDash ( DASH ) will buy

Deliveroo ( DROOF ) in a deal valuing the British rival at about

2.9 billion pounds ($3.85 billion), the companies said, banking

on a bigger reach and local expertise to take on competition.

** Vietnamese budget airline Vietjet said it had bought a

strategic stake in Kazakhstan's Qazaq Air to form a joint

venture that will operate a fleet of at least 20 Boeing 737

aircraft.

** OpenAI has agreed to buy artificial intelligence-assisted

coding tool Windsurf for about $3 billion, Bloomberg News

reported on Monday, citing people familiar with the matter.

** British financial services provider Alpha Group

International said it had rejected an all-cash proposal

from U.S.-based business payments firm Corpay ( CPAY ).

** U.S. fuel supplier Sunoco ( SUN ) has struck a

$9.1-billion deal to buy Canada-based Parkland, a move

that would create the Americas' largest independent fuel

distributor but which Parkland's largest shareholder immediately

criticized.

(Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru)

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