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Deals of the day-Mergers and acquisitions

ReutersDec 27, 2024 9:03 PM

Adds Orano Mining Group, Brava Energia, Murray Gardner Insurance Agency

- The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:

** Mongolia said on Friday it had reached a preliminary agreement with France's Orano Mining Group to develop a long-expected uranium mining project worth $1.6 billion. nL1N3NS071

** Shares of Brazilian energy company Brava Energia BRAV3.SA soared more than 10% on Friday after it said it was in talks with banks in preparation for potential asset sales and said the country's oil regulator had authorized it to resume production at a key oilfield. nL1N3NS0DA

** Arthur J Gallagher has continued its agency roll-up strategy with a deal to acquire Murray Gardner Insurance Agency Inc, trading as BMR Insurance. nL6N3NS0CW

** UnitedHealth UNH.N and Amedisys AMED.O have agreed to extend the deadline to close their $3.3 billion merger agreement to next year, a regulatory filing showed on Friday. nL4N3NS0JO

** Indian billionaire Sajjan Jindal-led JSW Energy JSWE.NS said on Friday its unit, JSW Neo Energy, will acquire renewable energy platform O2 Power's subsidiaries in a deal worth $1.47 billion. nL4N3NS0MR

** Japanese manufacturing giant Nidec 6594.T said on Friday it has planned to launch a 257 billion yen ($1.6 billion) bid for Makino Milling Machine 6135.T, a surprise unsolicited takeover offer in a country better known for agreed deals. nL1N3NR0ID

** HomeStreet Bank HMST.O is selling nearly $990 million of its multifamily commercial real estate loans to Bank of America BAC.N, in a deal that the Seattle-based lender said would help it return to profitability and reduce costly funding sources. nL4N3NS0MO

** UltraTech Cement ULTC.NS, India's top cement maker, will buy an 8.69% stake in Star Cement STAT.NS, it said on Friday, in a deal worth up to 8.51 billion rupees ($100 million) for a company that rival Adani Group was reportedly interested in acquiring. nL4N3NS0A9

** Turkish drone maker Baykar has bought Italian aircraft producer Piaggio Aerospace, Italy's industry ministry said on Friday, without disclosing financial details. nL8N3NS08Y

(Compiled by Jaiveer Shekhawat and Pooja Menon in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com))

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