Deals of the day-Mergers and acquisitions

Tokyo Gas

01/04/2025 14:38

Adds: Qualcomm, Zurich Insurance Group, Arm Holdings and Carrefour

April 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** U.S. chipmaker Qualcomm
QCOM.O
 said  it was considering making an offer to acquire UK-based Alphawave
AWE.L
, sending shares of the British company surging.

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** Zurich Insurance Group has acquired a “significant minority stake” in Icen Risk, an MGA focused on the M&A insurance market.

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** SoftBank-owned chip tech provider Arm Holdings
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 recently sought to acquire UK-based Alphawave
AWE.L
 to secure a crucial technology for building its own artificial-intelligence processors, according to three sources familiar with the matter.

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** French supermarket group Carrefour CARR.PA announced the acquisition of French convenience retailer Magne, which owns 101 stores in the south-east of France.

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** South Korea's LG Energy Solution 373220.KS said that its U.S. unit will acquire the assets held by its Michigan electric vehicle battery venture with General Motors GM.N for $2 billion.

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** Britain's Unilever ULVR.L said it had acquired personal care brand Wild for an undisclosed sum.

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** TG Natural Resources LLC (TGNR), co-owned by Tokyo Gas 9531.T and Castleton Commodities International, has bought a 70% stake in east Texas gas assets from Chevron for $525 million, the company said, as it expands its U.S. gas business.

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

 ((Rajarshi.Roy@thomsonreuters.com))