Deals of the day-Mergers and acquisitions

Reuters
08/18
Deals of the day-Mergers and acquisitions

Adds: Amphenolm AssuredPartners, Soho House, MediaForEurope Updates:

August 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Amphenol <APH.N> will buy cable assembly firm Trexon for about $1 billion in cash, the electronic equipment maker said, as it aims to tap into rising defense spending and expand its military-focused product portfolio.

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** Arthur J Gallagher has completed its $13.5 billion acquisition of rival broker AssuredPartners, the company said .

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** Soho House <SHCO.N> is going private in a $2.7 billion deal led by New York-based MCR Hotels, capping a turbulent market run and financial struggles that erased nearly half of the high-end members club operator's value since its 2021 debut.

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** MediaForEurope (MFE) said it has secured 43.6% of shares in ProSiebenSat.1 <PSMGn.DE> through a tender offer that was challenged by a rival bidder who secured an 18.4% stake.

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** Swedish bearings maker SKF <SKFb.ST> said it had agreed to sell its non-core aerospace operation in Elgin in the U.S. to Carco PRP Group for a total estimated enterprise value of $70 million.

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** Private equity group Advent International said on Sunday it has agreed to take over Switzerland's U-Blox Holding <UBXN.S> in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion).

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(Compiled by Rajarshi Roy and Anshi Sancheti in Bengaluru)

((Anshi.Sancheti@thomsonreuters.com))

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