Deals of the day-Mergers and acquisitions

Space Exploration Technologies

Yesterday 21:00

Adds: Thyssenkrupp and Databricks
June 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Thyssenkrupp > plans to spin off its materials trading division, whose sales account for nearly a third of the group's total, the German conglomerate said on Tuesday. 
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** Databricks said on Tuesday it had agreed to buy startup Panther Labs, as the U.S. data analytics provider pushes deeper into the cybersecurity business.
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    ** Yum Brands <YUM.N> said it would sell its Pizza Hut chain for $2.7 billion, as the unit struggles with stiff competition in the fast-food market amid cautious consumer spending.
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** Elon Musk's SpaceX <SPCX.O> said it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor, for $60 billion, in a bid to ramp up its presence in the enterprise AI market.
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** Olin <OLN.N> said it will acquire Huntsman <HUN.N> in an all-stock deal valued at about $2.43 billion, combining two U.S. chemical producers as the industry seeks scale and cost savings amid a challenging environment.
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** Budget airline Norwegian Air <NAS.OL> said it has agreed to buy package holiday company Nordic Leisure Travel Group for around 7.94 billion Swedish crowns ($842.90 million) in cash and stock.
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** Germany has officially rejected UniCredit's <CRDI.MI> offer to buy Commerzbank <CBKG.DE>, the country's finance agency said, citing a low price and concerns about what it called the Italian bank's aggressive approach.
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** Qualcomm <QCOM.O> is in talks to acquire AI chip startup Tenstorrent for $8 billion to $10 billion, the Information reported on Monday, citing a person with direct knowledge of the deal.
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** Brazilian asset manager IG4 has made a non-binding offer for more than half of the debt held by the creditors of sugar and ethanol firm Raizen <RAIZ4.SA>, local newspaper Valor Economico reported on Monday, citing sources.
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 (Compiled by Rajarshi Roy, Sanskriti Shekhar and Apratim Sarkar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))