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Deals of the day -Mergers and acquisitions

ReutersAug 19, 2025 3:01 PM

- The following bids, mergers, acquisitions, and disposals were reported by 1430 GMT on Tuesday:

** Peabody Energy <BTU.N> withdrew its $3.78 billion bid for Anglo American's <AAL.L> Australian coking coal assets after failing to cut the price following a mine fire, with the dispute now set for arbitration.

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** Utility company Black Hills <BKH.N> said it would buy peer NorthWestern Energy <NWE.O> for $3.6 billion, creating a larger regulated utility with greater scale to invest in grid infrastructure and meet rising energy demand.

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** Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with Big Tech and national media for advertising dollars.

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** Japanese investment firm SoftBank Group <9984.T> has held talks with Intel on buying the American semiconductor firm's struggling contract chipmaking business, the Financial Times reported.

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** U.S. television station owner Sinclair has made an offer to merge its broadcast TV business with smaller rival Tegna , which is in advanced talks on a potential sale to Nexstar Media Group , a person familiar with the talks told Reuters on Monday.

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