Deals of the day-Mergers and acquisitions

Azure Minerals

15/08/2023 11:03

Aug 15 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** Australia's Azure Minerals  AZS.AX  said it rejected a
buyout bid from Sociedad Química y Minera de Chile (SQM)
 SQMA.SN  valuing the lithium developer at A$901.4 million
($584.74 million), sending its shares more than 12% higher
 urn:newsml:reuters.com:*:nL4N39V4NV
    
    ** Private equity firm Kimmeridge Energy Management agreed
to take an undisclosed but minority stake in Commonwealth LNG,
which is proposing to build a gas export plant in Louisiana
 urn:newsml:reuters.com:*:nL1N39V1U4
    
    ** Esmark, a privately held company, said it had made an
offer to buy U.S. Steel Corp  X.N  for $35 per share, or an
equity value of $7.8 billion  urn:newsml:reuters.com:*:nL4N39V3WL
    
    ** Adani Enterprises  ADEL.NS , Indian billionaire Gautam
Adani's flagship firm, said it would buy the remaining 51% stake
in Quintillion Business Media, which operates business and
financial news digital media platform BQ Prime  urn:newsml:reuters.com:*:nL4N39V3P8
    
    ** India's market regulator barred Punit Goenka from the
boards of four Zee Group companies, including Zee Entertainment
Ltd, and questioned his proposed role in the planned merger
between ZEEL and the Indian unit of Japan's Sony Group
 urn:newsml:reuters.com:*:nL1N39V1FH
    
    ** Exor NV  EXOR.AS , the investment arm of Italy's Agnelli
family, has become the top investor in Philips  PHG.AS  by
buying 15% of the healthcare technology group for about 2.6
billion euros ($2.8 billion), the companies said  urn:newsml:reuters.com:*:nL1N39V08J
    
    ** The United Steelworkers (USW) international president
said on Monday that the union supports North American steel
producer Cleveland-Cliffs' bid to acquire rival, United States
Steel Corp  X.N , adding that the company is the best strategic
buyer  urn:newsml:reuters.com:*:nL1N39V1E2
    
    ** South Africa's MTN  MTNJ.J  has agreed to sell a minority
stake in its mobile money arm to payments giant Mastercard MA.N,
it said, in a bid to expand its African fintech business
 urn:newsml:reuters.com:*:nL8N39V1IE
    
    ** Abu Dhabi National Oil Co (ADNOC) has verbally signalled
to Covestro  1COV.DE  that it could raise its informal offer to
60 euros per share if the German plastics and chemicals maker
agrees to enter formal talks, two people familiar with the
matter told Reuters  urn:newsml:reuters.com:*:nL1N39V127

 (Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;
Aishwarya.jain@thomsonreuters.com))