Offers of the day-Mergers and acquisitions – 01/03/2025 at 3:42 p.m.

Offers of the day-Mergers and acquisitions – 01/03/2025 at 3:42 p.m.
Offers of the day-Mergers and acquisitions – 01/03/2025 at 3:42 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Ajoute: Nippon Steel)

The following deals, mergers, acquisitions and divestitures were reported at 1430 GMT on Friday:

** US President Joe Biden officially blocked the proposed $14.9 billion purchase of US Steel

5401.T by Nippon Steel XN, dealing a likely fatal blow to the contentious merger plan after a year of review.

** Norway’s sovereign wealth fund said it had acquired a 45% stake in a portfolio of US logistics properties from the Canada Pension Plan Investment Board, in a new joint venture with Goodman Group, for an amount of $1.07 billion.

** Skydance Media and Paramount Global PARA.O defended their proposed $8.4 billion merger on Thursday, urging the Federal Communications Commission to reject critics’ objections as “unwarranted” and “baseless ”

** Catastrophe insurance specialist SageSure has completed the acquisition of GeoVera Advantage Insurance Services, an earthquake risk underwriter – the combined agency will now operate as a newly formed MGA.

Belgium

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