Deals of the day-Mergers and acquisitions

Published: 2025-03-28 06:10:44 ET KKR

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 in a tender offer buyout worth 348 billion yen ($2.31 billion), KKR said.

** British retailer WH Smith 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 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)