Deals of the day-Mergers and acquisitions

Energy Fuels

Tue 15:16

Adds:  Energy Fuels
June 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:
     
** Rare earths producer Energy Fuels <UUUU.A> will buy Germany's Vacuumschmelze in a $1.9 billion cash-and-stock deal to become one of the world's largest non-Chinese producers of magnets used in the aerospace, defence and renewable energy sectors.
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** Private equity firm IG4 is aiming to finalize a potential acquisition of Brazilian sugar and ethanol producer Raizen <RAIZ4.SA> by the end of March 2027, pending a successful pitch to creditors, its top executives told Reuters on Monday. nL1N42U0X7 
     
** Singapore Telecommunications <STEL.SI> said it had sold a 2.8% stake in Thailand-listed energy development firm Gulf Development <GULF.BK> for about S$1 billion ($773.16 million) in an effort to redeploy capital. nL4N42V0BP
     
** Qualcomm <QCOM.O> is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing people familiar with the matter. nL4N42U1OQ

 (Compiled by Rajarshi Roy and Kunal Das in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))