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Deals of the day-Mergers and acquisitions
Jul 11, 2025 3:12 AM

July 11 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Australian building services provider Johns Lyng Group ( JLGRF )

said it agreed to be bought by investment firm Pacific

Equity Partners (PEP) for an equity value of A$1.1 billion ($725

million), sending its shares to a near five-month peak.

** Flutter Entertainment will buy Boyd Gaming's ( BYD )

5% stake in FanDuel in a deal worth about $1.76 billion,

giving it complete ownership of the online betting operator, the

companies said on Thursday.

** Italy's fourth-largest lender, BPER Banca, has

secured at least 35% of smaller rival Banca Popolare di Sondrio

(BPSO) under its buyout offer, a stake it considers

sufficient to secure control, the Italian bourse said on

Thursday.

** WK Kellogg on Thursday agreed to be bought by the

owner of Ferrero Rocher in a deal worth around $3.1 billion,

uniting two of the world's most recognizable consumer brands to

weather a tough spending backdrop marked by persistent

inflation.

** U.S. private equity firm Blackstone on Thursday raised

its offer for Warehouse REIT to about 489 million

pounds ($666 million), topping an agreed deal for the

London-listed company from industry peer Tritax Big Box REIT

.

** Italy's Leonardo made the lowest offer for Iveco

Group's defence unit, bidding about 1.6 billion euros ($1.87

billion) including debt, Bloomberg News reported on Thursday,

citing people familiar with the matter.

(Compiled by Rajarshi Roy and Katha Kalia in Bengaluru)

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