(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)