Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Nippon Steel, OneSpan; Updates Microsoft) March 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:


** Nippon Steel Corp could buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, as it sees a risk of commodity prices staying high, an executive at the world's No.4 steelmaker said.
** OneSpan Inc , a U.S. cybersecurity tools vendor that has become the target of activist hedge funds such as Legion Partners Asset Management, is exploring options that include a sale of the company, people familiar with the matter said.
** Microsoft Corp is expected to secure EU antitrust approval for its $69 billion acquisition of Activision with its offer of licensing deals to rivals, three people familiar with the matter said, helping it to clear a major hurdle.
** U.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in India's Adani group companies, the conglomerate said, marking the first major investment in the group since a short-seller's critical report sparked a stock rout.
** Private equity firm Leonard Green & Partners LP is exploring a sale of Pro Mach Group Inc, in a deal that could value the U.S. packaging company at around $5 billion, according to people familiar with the matter.
** Canada's MineHub Technologies Inc , which has digitised trade finance and logistics in metals and mining, agreed to buy rival Waybridge for $2.5 million in MineHub shares, the firms said.
** German speciality chemicals group Evonik Industries is ready to take its time if needed in selling its Performance Intermediates business, which it put up for sale, board member Harald Schwager said.
** Britain's Saga plc said exclusive talks with Australian insurance group Open about a potential sale of its underwriting arm had ended without an agreement.
** The Indian government has written to the markets regulator underscoring its opposition to Hindustan Zinc's plans to buy two Vedanta Group subsidiaries, three government officials said.
** Inpex , Japan's largest oil and gas exploration and production company, said it has bought a 16.7% stake in the Moray East offshore wind farm in Scotland from Mitsubishi to expand further into renewable energy.
** Technology investor Prosus is considering a sale of its OLX Autos classified advertising business, the company said.
** Shares of Hong Kong telco HKBN Ltd rose as much as 6% after it confirmed it had received takeover interest from infrastructure investor I Squared Asia Advisors.
** Australia's Nitro Software Ltd recommended its shareholders accept private equity firm Potentia Capital's sweetened takeover offer of A$532.3 million ($359.8 million), weeks after they rejected a A$526.9 million offer from Alludo.
** CATL , the world's largest battery maker, has sold its nearly 5% stake in Australian lithium producer Pilbara Minerals Ltd for A$601 million ($405.86 million), according to a term sheet seen by Reuters.
** Canadian lender Toronto-Dominion Bank's $13.4 billion acquisition of First Horizon Corp may get delayed further due to pending regulatory approvals, the U.S. bank said in a filing on Wednesday.
** EQT Active Core Infrastructure fund said on Wednesday it had, together with the Public Sector Pension Investment Board, agreed to buy Radius Global Infrastructure Inc in a deal valued at $1.43 billion. (Compiled by Rajarshi Roy and Pratik Jain in Bengaluru)

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