Somnigroup International closed its combination with diversified manufacturer Leggett & Platt, raising its run-rate synergy target to $75 million and reducing net leverage to about 2.8x EBITDA.
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Fairfax Financial is partnering with Wittington Investments, the Weston family's holding company, to acquire Boots' UK and Ireland retail operations, Boots Opticians, the No7 Beauty Company, and Boots' Thailand and franchised businesses. The total purchase price is about $8.9 billion, including assumed debt.
China's ANTA Sports completed its purchase of a 29.06% stake in Puma from Artémis, the Pinault family's investment company, for €1.5055 billion (about $1.7 billion) in cash. ANTA will seek supervisory board representation and says it has no plans to make a takeover offer.
Copart has again extended the expiration of its all-cash tender offer to buy all shares of ACV Auctions at $10.50 per share.
B&G Foods and Quebec-based Nortera Foods ended their agreement on October 6 for Nortera to buy B&G's Green Giant and Le Sieur businesses in Canada after the Competition Bureau moved to block it. B&G said it will keep exploring other options for its Canadian Green Giant vegetable business.