Deals of the day-Mergers and acquisitions

Reuters
11/11
Deals of the day-Mergers and acquisitions

Nov 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1054 GMT on Tuesday:

** Davies has acquired Canada's largest claims processing and risk solutions provider SCM Insurance Services in a deal which will push its annual revenues to around $1.4 billion, supporting the company’s bid to hit $3.5 billion-plus by 2030.

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** Japan's JX Advanced Metals 5016.T, its partners and Mitsubishi Materials 5711.T said that they plan to integrate Mitsubishi Material's copper concentrates procurement and copper product sales into Pan Pacific Copper.

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** Enterprise artificial intelligence software provider C3 AI AI.N is exploring a potential sale, among other options, after founder Thomas Siebel recently stepped down as CEO over health concerns, according to three people familiar with the matter.

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(Compiled by Rajarshi Roy and Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com))

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