Deals of the day-Mergers and acquisitions

Austal

18/03/2025 09:48

March 18 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 0930 GMT on Tuesday:

** Google-parent Alphabet GOOGL.O is in advanced negotiations to buy Israeli cybersecurity company Wiz with an offer of more than $30 billion, according to a source familiar with the matter, marking its largest potential acquisition to date. nL4N3Q01G2

** London-listed Glencore GLEN.L has made an offer to acquire Canadian lithium battery recycling company Li-Cycle LICYN.MX as part of a proposal to offset operational and financial issues. nL4N3Q01LV

** South Korean conglomerate Hanwha 000880.KS now owns a 9.9% stake in Australian shipbuilder Austal ASB.AX, an exchange filing showed.nL4N3Q01KR

** Cleary Gottlieb Steen & Hamilton has acquired a legal technology company, a rare move as large law firms race to invest in generative artificial intelligence. nL1N3Q00IS

** The German insurer Allianz ALVG.DE said on Monday that it was selling its 26% stake in two joint ventures with India's Bajaj Finserv BJFS.NS to the Bajaj Group for around 2.6 billion euros ($2.84 billion). nL1N3Q00P5

 (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com;))