(Adds: Advanced Micro Devices ( AMD ), Acrisure; updates: Cantor
Fitzgerald)
May 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday :
** Chipmaker Advanced Micro Devices said it has
acquired Enosemi, a builder of photonic integrated circuits, to
expand its co-packaged optics offerings across AI systems.
** Acrisure has agreed a deal to acquire Global Payments' ( GPN )
payroll business, Heartland Payroll Solutions, for $1.1 billion,
which CEO Greg Williams said will enhance its position as a
global fintech leader.
** Three companies based in the United Arab Emirates have
approached the Italian Treasury with a proposal to buy the
Russian operations of UniCredit at a steep discount, a
document seen by Reuters showed.
** Global Payments ( GPN ) said it would sell its payroll
division, Heartland Payroll Solutions, to financial technology
firm Acrisure for $1.1 billion, marking the payments company's
latest attempt at simplifying its business model.
** U.S. brokerage firm Cantor Fitzgerald has agreed to buy
UBS' hedge fund unit, it was announced, expanding
Cantor's offering in alternative assets at a time of heightened
investor interest in such products.
** Japan's leading dispensing pharmacy operator Ain Holdings ( AINPF )
has decided to acquire competitor Kraft in a deal
exceeding 100 billion yen ($693.3 million), the Nikkei business
daily reported.
** British pest control company Rentokil Initial ( RTO )
said it would sell its workwear, flat linen and clean room
business in France to H.I.G. Capital in a deal that values the
business at about 410 million euros ($463.8 million).
** British American Tobacco ( BTI ) has sold a $1.5 billion
stake in Indian consumer goods company ITC at 413
Indian rupees per share, according to a term sheet seen by
Reuters.
** Singapore's CapitaLand Ascendas REIT said it
will acquire a data centre and a premium business park property
in the city-state for a combined S$700.2 million ($543.63
million).
** Motorola Solutions ( MSI ) said on Tuesday it would
acquire wireless-radio maker Silvus Technologies for $4.4
billion as the safety equipment maker looks to bolster its
position in the market and take advantage of rising demand.
** Definity Financial Corporation has agreed a definitive
C$3.3 billion ($2.4 billion) cash deal to acquire all but the
surety unit of Travelers Canada in a deal that would establish
the Waterloo, Ontario-based insurer as the country's fourth
largest P&C carrier.
(Compiled by Rajarshi Roy, Prakhar Srivastava and Neil J Kanatt
in Bengaluru)