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Deals of the day-Mergers and acquisitions
May 26, 2025 8:23 AM

May 15 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Belgian bank KBC Groep said it has reached a

cash agreement to acquire 98.45% of 365.bank, in a deal valuing

the Slovakia-based lender at 761 million euros ($852 million).

** Convenience food manufacturer Greencore ( GNCGF ) said it

had agreed to the terms of a recommended acquisition of UK fresh

food provider Bakkavor Group ( BKKVF ), in a deal valued at 1.2

billion pounds ($1.59 billion).

** Strathcona Resources ( STHRF ) has sold all of its Montney

assets for about $2.84 billion and acquired Hardisty Rail

Terminal as part of its "core area consolidation" strategy, the

Canadian oil and gas producer said on Wednesday.

** Peak Rare Earths ( PKREF ) said that Chinese rare earths

producer Shenghe Resources will acquire the

Australian firm for A$150.5 million ($96.62 million), in

addition to the full amount raised under Peak's proposed A$7.5

million entitlement offer.

** Insurance Australia Group ( IAUGF ) said it will buy The

Royal Automobile Club of Western Australia's insurance business

and entered a licensing agreement for its home, motor and niche

insurance products for a total of A$1.35 billion ($867.51

million).

** Databricks said on Wednesday it would buy database

startup Neon in its latest deal valued at about $1 billion,

aiming to strengthen its analytics platform with technology that

can help businesses develop and use artificial intelligence

agents more easily.

** Dick's Sporting Goods was nearing a deal to buy

rival footwear retailer Foot Locker ( FL ) for about $2.3

billion, the Wall Street Journal reported on Wednesday, citing

people familiar with the matter.

(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

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