Deals of the day-Mergers and acquisitions

HKBN

09/04/2025 20:56

Adds U.S. Steel and Egypt

April 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Wednesday:

** Investment firm Ancora Holdings on Wednesday walked away from a bitter board room fight with U.S. Steel X.N, days after President Donald Trump signalled the iconic American company might be taken over by a Japanese rival after all. nL3N3QM1TI

** Egypt will offer stakes in military-owned companies through its sovereign wealth fund, the cabinet said, seeking to meet the requirements of the International Monetary Fund to expand the private sector's role in the economy. nL2N3QN0C2

** China Mobile 600941.SS said it will buy a 15.5% stake in Hong Kong-based broadband service provider HKBN 1310.HK for HK$1.20 billion ($154.64 million) through its regional unit. nL3N3QN14Q

** British medical property owner REIT Assura  has agreed to a 1.61 billion pound ($2.06 billion) takeover bid from KKR  and Stonepeak Partners, after rejecting a lower cash-and-stock proposal from peer Primary Health Properties . nL3N3QN0M7

 (Compiled by Rajarshi Roy and Siddhi Mahatole in Bengaluru)

 ((siddhi.mahatole@thomsonreuters.com))