Deals of the day-Mergers and acquisitions

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Deals of the day-Mergers and acquisitions

, Reuters - 6:10 AM ET 3/28/2025 Company News

March 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** U.S.-based private equity firm KKR and Japanese state-backed fund Japan Investment Corp (JIC) will acquire medical gear maker Topcon ( TOPCF ) in a tender offer buyout worth 348 billion yen ($2.31 billion), KKR said.

** British retailer WH Smith ( WHTPF ) agreed to sell its UK high street business to Modella Capital for 76 million pounds ($98 million) to streamline its operations and create a pure-play global travel retailer.

** Nippon Steel ( NISTF ) and U.S. Steel are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday.

** China-based Ninestar Corp plans to sell printer and printing software maker Lexmark International II to Xerox in a deal with an equity value of up to $150 million.

(Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

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