Deals of the day-Mergers and acquisitions

Nippon Koshuha Steel Co

03/01/2025 14:42

(Adds: Nippon Steel)
       Jan 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Friday:
    
    ** U.S. President Joe Biden officially blocked Nippon
Steel's  5401.T  proposed $14.9 billion purchase of U.S. Steel
 X.N , dealing a probably fatal blow to the contentious merger
plan after a year of review.
     urn:newsml:reuters.com:*:nL1N3NZ037

    ** Norway's sovereign wealth fund said  it had acquired a
45% stake in a portfolio of logistics properties in the United
States from the Canada Pension Plan Investment Board in a new
joint venture with Goodman Group for $1.07 billion.
     urn:newsml:reuters.com:*:nL8N3NZ0CZ
    
    ** Skydance Media and Paramount Global  PARA.O  on Thursday
defended their planned $8.4 billion merger, urging the Federal
Communications Commission to dismiss opposition from critics,
calling them "unwarranted" and "meritless."
     urn:newsml:reuters.com:*:nL4N3NZ00C
    
    ** Cat specialist SageSure has closed the acquisition of
GeoVera Advantage Insurance Services, an earthquake risk
underwriter – the merged agency will now function as a newly
formed MGA.
     urn:newsml:reuters.com:*:nL6N3NY0CP

 (Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)
 ((Aamir.sohail@thomsonreuters.com))