Deals of the day-Mergers and acquisitions

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Deals of the day-Mergers and acquisitions

, Reuters - 5:43 AM ET 3/20/2025 mergers-and-acquisitions

March 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the northern German bank for years considered a listing on the stock exchange.

** Targo Deutschland, the German subsidiary of France's Crédit Mutuel Alliance Fédérale, will buy the German lender Oldenburgische Landesbank (OLB), the two companies said on Thursday.

** Japanese technology investor SoftBank Group is accelerating its move into chip technology companies with the $6.5 billion purchase of Ampere Computing, a U.S. chip startup founded by the former president of Intel ( INTC ).

** Building-products distributor QXO signed a deal for Beacon Roofing Supply ( BECN ), valuing Beacon at roughly $7.7 billion, or $11 billion including debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

** Nvidia ( NVDA ) CEO Jensen Huang said on Wednesday that his company had not been approached about purchasing a stake in Intel ( INTC ).

** The Doctors Company said on Wednesday it had agreed to buy ProAssurance for $25 per share in cash, valuing the New York-listed medical liability insurer at $1.3 billion.

(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

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