Deals of the day-Mergers and acquisitions

Reuters01-05

Adds: Minto Apartment Real Estate Investment Trust , CRC Group, L3Harris Technologies, Howden, Admiral Group, Jacobs Solutions Updates: Oakley Capital, BlueScope Steel

Jan 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

** Canada's Minto Apartment Real Estate Investment Trust <MI_u.TO> said it had agreed to be acquired by an affiliate of Crestpoint Real Estate Investments and an affiliate of the Minto Group, in an all-cash deal valuing the REIT at about $2.3 billion, including debt.

nL4N3Y60YS

** CRC Group has struck a deal to acquire Euclid Transactional, one of the world’s largest underwriting platforms for M&A-related insurance, in a move that significantly expands the wholesaler’s footprint in the fast-growing transactional risk market.

nL6N3Y60P8

** L3Harris Technologies <LHX.N> said it will sell about a 60% stake in its space propulsion and power systems business to private equity firm AE Industrial Partners for $845 million, including debt.

nL4N3Y60LL

** Howden has further expanded its U.S. retail footprint with the acquisition of New York-based specialist transaction liability broker Atlantic Group, the group announced on January 5.

nL6N3Y60LN

** Admiral Group said on January 5 it had completed the sale of its U.S. motor insurance unit, Elephant Insurance Company and Elephant Insurance Services, to private equity firm JC Flowers, effective December 31, 2025.

nL6N3Y60LG

** Engineering services provider Jacobs Solutions <J.N> said it will acquire the remaining stake it does not already own in UK-based firm PA Consulting for 1.216 billion pounds ($1.64 billion).

nL4N3Y60OJ

** Private equity firm Oakley Capital <OCIO.L> will acquire a majority stake in debt administration services provider Global Loan Agency Services, alongside a minority investment from Canadian pension fund La Caisse, it said .

nL6N3Y509N

** Australia's BlueScope Steel <BSL.AX> said it received an A$13.15 billion ($8.78 billion) takeover proposal from an investor group comprising billionaire Kerry Stokes-owned SGH <SGH.AX> and U.S.-based Steel Dynamics <STLD.O>.

nL4N3Y60KM

** Independent insurance broker The Baldwin Group had completed the merger transaction with CAC Group, it announced on Friday.

nL6N3Y60A1

(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Sahil.Pandey@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Deals of the day-Mergers and acquisitions

Comments