Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions June 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:
** 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)