Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** Australian building services provider Johns Lyng Group <JLG.AX> said it agreed to be bought by investment firm Pacific Equity Partners (PEP) for an equity value of A$1.1 billion ($725 million), sending its shares to a near five-month peak.

** Flutter Entertainment <FLTRF.L> will buy Boyd Gaming's <BYD.N> 5% stake in FanDuel in a deal worth about $1.76 billion, giving it complete ownership of the online betting operator, the companies said on Thursday.

** Italy's fourth-largest lender, BPER Banca <EMII.MI>, has secured at least 35% of smaller rival Banca Popolare di Sondrio (BPSO) <BPSI.MI> under its buyout offer, a stake it considers sufficient to secure control, the Italian bourse said on Thursday.

** WK Kellogg <KLG.N> on Thursday agreed to be bought by the owner of Ferrero Rocher in a deal worth around $3.1 billion, uniting two of the world's most recognizable consumer brands to weather a tough spending backdrop marked by persistent inflation.

** U.S.

** Italy's Leonardo <LDOF.MI> made the lowest offer for Iveco Group's defence unit, bidding about 1.6 billion euros ($1.87 billion) including debt, Bloomberg News reported on Thursday, citing people familiar with the matter.