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Deals of the day -Mergers and acquisitions

ReutersAug 19, 2025 7:28 PM

- The following bids, mergers, acquisitions, and disposals were reported by 1925 GMT on Tuesday:

*Hedge fund Toms Capital Investment Management has requested to meet with the board at U.S. railroad operator CSX CSX.O after recently buying a stake, people familiar with the matter said, raising speculation the firm may push for a possible merger. nL6N3UB0OM

Peabody Energy withdrew its $3.78 billion bid for Anglo American's Australian coking coal assets after failing to cut the price following a mine fire, with the dispute now set for arbitration. nL4N3UB0PN

Black Hills BKH.N and NorthWestern Energy NWE.O said they would merge, creating a $15.4 billion regulated electric and natural gas utility better equipped to invest in grid infrastructure and meet rising U.S. power demand. nL4N3UB0OI

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.

nL4N3UB0OA

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. nL4N3UB0IR

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. nL4N3UA1A0

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