Deals of the day-Mergers and acquisitions
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On Dec 31, several significant mergers and acquisitions were reported. TransDigm announced its acquisition of Stellant Systems for approximately $960 million. Inszone Insurance Services expanded its offerings in Texas by acquiring Meyer & Rees Insurance. IK Partners acquired a majority stake in Ascora Group as part of a management buyout. Additionally, shareholders of Robex Resources approved a merger with Predictive Discovery valued at A$2.17 billion, aimed at forming a mid-tier gold producer in West Africa.
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