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Deals of the day-Mergers and acquisitions
May 28, 2025 1:28 PM

(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)

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