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Deals of the day-Mergers and acquisitions
Jun 9, 2025 7:03 AM

(Adds Baker Hughes, Spectris, Argentex, Howden; Updates IonQ,

Qualcomm)

June 9 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1330 GMT on Monday:

** Baker Hughes said it will sell its precision sensors and

instrumentation (PSI) product line to aerospace and defense

parts manufacturer Crane for $1.15 billion, as the oilfield services provider looks

to optimize its portfolio.

** Spectris would accept a 3.73 billion pound ($5.06 billion) bid from

Advent if the U.S. private equity firm tables a formal offer, it

said , sending shares in the British scientific instruments

maker soaring by 70%.

** Argentex said it had rejected an equity investment proposal from

the Netherlands-based Lavide Holding NV to obtain a 50% stake in the British currency risk manager

for 2.5 million pounds ($3.39 million) and a potential provision

of a 15 million pound credit line.

** Howden has strengthened its position in the Peruvian

market through the acquisition of reinsurance broker Innova Re,

the company announced.

** IonQ will acquire its British peer Oxford Ionics for $1.08

billion, the companies said , helping the U.S.-based quantum

computing firm deepen its research expertise in the complex

technology that is seeing booming investor interest.

** U.S. chipmaker Qualcomm agreed to acquire Alphawave for about $2.4 billion , as it expands into the booming AI

data center market, sending shares of the British semiconductor

company up by almost a quarter.

** L'Oreal has agreed to acquire a majority stake in

British skincare brand Medik8, boosting the French cosmetics

giant's position in the fast-growing dermatological skincare

market.

** Brown & Brown ( BRO ) is closing in on a deal to buy Risk

Strategies parent Accession Risk Management, in what would be

the biggest acquisition in the U.S. intermediary's history, a

source familiar with the matter told The Insurer.

** Global investment firm KKR said that British Columbia

Investment Management Corp (BCI) will acquire a minority stake

in Pinnacle Towers, an Asia-based digital infrastructure

platform with a focus on the Philippines, from KKR.

(Compiled by Rajarshi Roy and Padmanabhan Ananthan in

Bengaluru)

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