Deals of the day -Mergers and acquisitions
19/08/2025 16:01
Adds: CSX Updates: Black Hills Aug 19 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1925 GMT on Tuesday: ** Hedge fund Toms Capital Investment Management has requested to meet with the board at U.S. railroad operator CSX CSX.O after recently buying a stake, people familiar with the matter said, raising speculation the firm may push for a possible merger. nL6N3UB0OM ** Peabody Energywithdrew its $3.78 billion bid for Anglo American's Australian coking coal assets after failing to cut the price following a mine fire, with the dispute now set for arbitration. nL4N3UB0PN ** Black Hills BKH.N and NorthWestern Energy NWE.O said they would merge, creating a $15.4 billion regulated electric and natural gas utility better equipped to invest in grid infrastructure and meet rising U.S. power demand. nL4N3UB0OI ** Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with Big Tech and national media for advertising dollars. nL4N3UB0OA ** Japanese investment firm SoftBank Group <9984.T> has held talks with Intel on buying the American semiconductor firm's struggling contract chipmaking business, the Financial Times reported. nL4N3UB0IR ** U.S. television station owner Sinclair has made an offer to merge its broadcast TV business with smaller rival Tegna , which is in advanced talks on a potential sale to Nexstar Media Group , a person familiar with the talks told Reuters on Monday. nL4N3UA1A0 (Compiled by Rajarshi Roy, Anshi Sancheti and Arasu Kannagi Basil in Bengaluru) ((Anshi.Sancheti@thomsonreuters.com))