Deals of the day-Mergers and acquisitions

Lumen Technologies

22/05/2025 10:46

May 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

**  UK chemicals company Johnson Matthey  has agreed to sell its catalyst technologies business to Honeywell International  for 1.8 billion pounds ($2.4 billion), including debt, it said, driving its shares up by a third.

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** Spanish telecom company Telefonica  said on Wednesday it agreed to sell its Uruguayan unit for $440 million to Luxembourg-based Millicom International  as part of its strategy to exit Spanish-speaking Latin America.

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** India's Bajaj Auto  plans to take control of KTM AG as part of an 800 million euro ($906.2 million) debt package aimed at reviving the troubled Austrian motorcycle maker, it said.

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** Sanofi  will acquire Vigil Neuroscience , a clinical-stage biotech company in a $470 million deal, the companies said, as the French drugmaker seeks to boost its neurological pipeline through an Alzheimer's drug.

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** AT&T  has clinched a deal to acquire Lumen Technologies'  consumer fiber operations for $5.75 billion in cash, the companies said on Wednesday, as the wireless provider adds further scale to its national fiber footprint.

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 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))