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Deals of the day-Mergers and acquisitions
Oct 31, 2025 2:57 AM

Oct 31 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Mexican precious metals miner Fresnillo has agreed

to buy Canada's Probe Gold ( PROBF ) for C$780 million ($556

million) in cash, the companies said, marking the London-listed

firm's expansion into North American markets.

** Britain's TT Electronics ( TTGPF ) said it had rejected three

unsolicited takeover proposals from private equity firm DBAY

Advisors in the past three months, the last one worth 130 pence

per share.

** Aquarian Holdings is in advanced talks to take private U.S.

life insurer Brighthouse Financial ( BHF ) in a $4 billion deal

that could be announced as soon as this weekend, Financial Times

reported on Thursday, citing sources familiar with the matter.

** Intel ( INTC ) is in talks to acquire artificial intelligence

processor maker SambaNova, which has been working with bankers

to gauge interest from potential suitors, Bloomberg News

reported on Thursday, citing people familiar with the matter.

** Palomar Holdings has entered into a definitive agreement

to acquire The Gray Casualty and Surety Company from Bernhard

Capital Partners and The Gray Insurance Company for total

consideration of $300 million in cash to build scale in the

surety market.

** Crypto miner Core Scientific ( CORZ ) on Thursday ended a

deal for its sale to CoreWeave CRWV.O after shareholders voted

against the proposal, marking the culmination of months-long

investor and proxy campaigns against the agreement.

** Imerys is in exclusive talks with a potential

investor to sell a minority stake in its lithium mine project in

central France, with the specialist minerals firm confident it

can conclude a deal by the end of January, its finance chief

said on Thursday.

(Compiled by Rajarshi Roy and Anhata Rooprai in Bengaluru)

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