Mergers and acquisitions

About this update from Arcelormittal South Africa Limited

The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:** Paramount Skydance on Thursday extended the deadline on its hostile tender offer for Warner Bros Discovery by about a month to February 20, buying more time to persuade investors that its bid for the Hollywood studio trumps a rival deal with Netflix.** Energy infrastructure developer Hecate Energy will go public in the United States in a $1.2 billion deal with blank-check vehicle EGH Acquisition NASDAQ:EGHA, the companies said on Thursday, as the revival in SPAC transaction carries into 2026. ** Telenor said on Thursday it would sell its 30.3% stake in Thailand's True Corporation for 39 billion Norwegian crowns ($3.92 billion), its second divestment from Asia in recent months, lifting the Norwegian group's shares 8%.** Beazley LSE:BEZ on Thursday rejected a 7.67-billion-pound ($10.3 billion) takeover offer from Zurich Insurance SIX:ZURN as materially undervaluing the UK speciality insurer, adding it was lower than another proposal the group turned down last year. ** Swedish private equity firm EQT OMXSTO:EQT will buy British investment firm Coller Capital for $3.2 billion, the two companies said on Thursday, marking EQT's entry into the rapidly growing secondary market. ** British insurer Prudential LSE:PRU said on Thursday it had agreed to buy an additional 19% stake in Sri Han Suria, the holding company that owns Prudential Assurance Malaysia, for around 1.52 billion ringgit ($376.61 million). ** ArcelorMittal South Africa JSE:ACL said on Thursday it was in advanced talks with the state-owned Industrial Development Corporation (IDC) that could lead to a potential transaction, driving its shares up nearly 10%. ** Holcim SIX:HOLN plans to make around 15 acquisitions in 2026, CEO Miljan Gutovic told Reuters at the World Economic Forum in Davos, maintaining the pace of the building materials company's M&A drive. ** French telecoms operators Orange EURONEXT:ORA, Bouygues Telecom EURONEXT:EN and Iliad-owned Free said on Thursday they were in ongoing talks with Altice Group to buy a large part of its telecommunications activities in France. ** Azerbaijan's state oil and gas company SOCAR has signed an agreement with Italy's Eni MIL:ENI to acquire a 10% stake in the Baleine offshore oil and gas field in the Ivory Coast, the two companies said on Thursday. ** U.S. in...

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