Deals of the day-Mergers and acquisitions

Azure Minerals

19/12/2023 10:40

Dec 19 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT, on
Tuesday:

    ** Abu Dhabi satellite operator Yahsat  YAHSAT.AD  and
geographic data and analytics provider Bayanat  BAYANAT.AD  have
agreed an all-share merger to create the region's first
AI-powered space technology company, they said on Monday.
     urn:newsml:reuters.com:*:nL4N3DE1RD
    
    ** Cevian Capital has taken a 1.3% stake in UBS  UBSG.S ,
worth around 1.2 billion euros ($1.31 billion), the activist
investor group said.
     urn:newsml:reuters.com:*:nL8N3DE106
    
    ** Investors in Australian lithium producer Allkem  AKE.AX 
voted to accept a $10.6 billion merger offer from U.S. giant
Livent  LTHM.N  that would create one of the world's biggest
lithium companies.
     urn:newsml:reuters.com:*:nL1N3DE04C
    
    ** Sony Group Corp's  6758.T  Indian unit said that it has
not yet agreed to prolong a merger deadline with India's Zee
Entertainment Enterprises  ZEE.NS , days after the latter sought
an extension.
     urn:newsml:reuters.com:*:nL4N3DE0Z0
    
    ** Chile's SQM  SQMA.SN  has teamed up with Australia's
richest person, Gina Rinehart, to make a sweetened A$1.7 billion
($1.14 billion) bid for Australian lithium developer Azure
Minerals  AZS.AX , the three parties said.
     urn:newsml:reuters.com:*:nL4N3DD4DX
    
    ** Mexico's Grupo Carso reached an agreement to indirectly
purchase for $530 million a 50% stake in the offshore, shallow
water Ichalkil and Pokoch oil fields, according to a company
filing published on Monday.
     urn:newsml:reuters.com:*:nL1N3DE03F
    
    ** Nippon Steel  5401.T  shares sank more than 5% early 
after it clinched a deal to buy U.S. Steel  X.N  for $14.9
billion in cash.
     urn:newsml:reuters.com:*:nL1N3DE00I 

 (Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))