Deals of the day-Mergers and acquisitions

Reuters01-01
Deals of the day-Mergers and acquisitions

Adds Inszone Insurance

Dec 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Wednesday:

** TransDigm TDG.N said it would buy Stellant Systems, a portfolio company of Arlington Capital Partners, for about $960 million in cash, including tax benefits. nL4N3Y10JA

** Private equity-backed Inszone Insurance Services has expanded its commercial, personal and benefits insurance broking offerings in Texas through the acquisition of Meyer & Rees, which does business as Bierschwale-Rees Insurance, an independent insurance agency in Fredericksburg. nL6N3Y00JQ

** European private equity firm IK Partners has acquired a majority stake in Ascora Group through one of its funds as part of a management buyout designed to support the succession of the founders of the French insurance broker. nL6N3Y108A

** Australia's Predictive Discovery PDI.AX said shareholders of Canada's Robex Resources RBX.V approved a A$2.17 billion ($1.45 billion) merger, paving the way to create a mid-tier gold producer in West Africa. nL4N3Y105P

(Reporting by Parth Chandna, Rajarshi Roy and Prakhar Srivastava in Bengaluru)

((Parth.Chandna@thomsonreuters.com;))

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