Deals of the day-Mergers and acquisitions

Weyerhaeuser

23/05/2025 21:54

Adds: U.S. Steel, Braskem, CommScope

May 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:

** U.S. President Donald Trump appeared to give his approval to Nippon Steel's 5401.T $14.9 billion bid for U.S. Steel X.N on Friday, saying the "planned partnership" between the two would create jobs and help the American economy. nL1N3RV0V6

**  Brazilian businessman Nelson Tanure has made an offer to acquire a controlling stake of petrochemical company Braskem BRKM5.SA, two sources familiar with the matter said on Friday.nL1N3RV0P3

** CommScope Holding COMM.O is exploring the sale of its broadband connectivity and cable solutions (CCS) division, Bloomberg News reported on Friday. nL4N3RV17P

** Shareholders of Swiss insurer Helvetia HELN.S approved a plan for the business to merge with its rival Baloise BALN.S, the company said. nL8N3RV075

** Generali announced that it has completed the sale of 100% of its stake in Generali Life Assurance Philippines to Insular Life Assurance Company. nL6N3RV0DJ

** RedBird Capital Partners, the U.S. fund that bought Britain's Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing a deal that values the enterprise at 500 million pounds ($673 million). nL8N3RV092

** The U.S. Federal Trade Commission dropped a case that sought to block Microsoft's  $69 billion purchase of "Call of Duty" maker Activision Blizzard, saying on Thursday that pursuing the case against the long-closed deal was not in the public interest. nL1N3RU15B

** Lumber company Weyerhaeuser  said on Thursday it will acquire nearly 117,000 acres of timberlands in North Carolina and Virginia from a unit of Roseburg Forest Products for $375 million. nL4N3RU1NB

** OnlyFans owner Fenix International Ltd is in talks to sell the porn-driven company to an investor group at a valuation of around $8 billion, three sources familiar with the matter told Reuters. nL6N3RU022

 (Compiled by Rajarshi Roy and Jaiveer Shekhawat in Bengaluru)

 ((jaiveersingh.shekhawat@thomsonreuters.com))