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Deals of the day-Mergers and acquisitions
May 26, 2025 2:34 AM

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

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Japanese drugmaker Shionogi ( SGIOF ) said that it will

acquire Torii Pharmaceutical ( TRXPF ), a subsidiary of Japan

Tobacco ( JAPAF ), for more than 150 billion yen ($1.05 billion).

** French group Veolia said it will buy the 30% of

shares in Water Technologies and Solutions (WT&S) that it does

not already own from Quebec Deposit and Investment Fund (CDPQ)

for $1.75 billion.

** Aster Chemicals and Energy will acquire Chevron Phillips

Singapore Chemicals through its affiliate Chandra Asri Capital,

the companies said.

** Infrastructure investment firm I Squared, midstream

company MPLX LP ( MPLX ), and pipeline operator Enbridge Inc ( ENB )

have entered an agreement to acquire up to 85% interest

in the Matterhorn Express gas pipeline, the companies said on

Tuesday.

** Samsung Electronics ( SSNLF ) said its unit Harman

International signed a deal to acquire U.S. firm Masimo's audio

business for $350 million.

** Global alternative asset manager TPG will partner

with Corpay ( CPAY ) to buy payments solutions provider

AvidXchange ( AVDX ) and take it private in an all-cash deal

worth $2.2 billion, the companies said on Tuesday.

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

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