Deals of the day-Mergers and acquisitions

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Deals of the day-Mergers and acquisitions

, Reuters - 5:48 AM ET 3/18/2025 mergers-and-acquisitions

March 18 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 0930 GMT on Tuesday:

** Google-parent Alphabet is in advanced negotiations to buy Israeli cybersecurity company Wiz with an offer of more than $30 billion, according to a source familiar with the matter, marking its largest potential acquisition to date.

** London-listed Glencore ( GLCNF ) has made an offer to acquire Canadian lithium battery recycling company Li-Cycle as part of a proposal to offset operational and financial issues.

** South Korean conglomerate Hanwha now owns a 9.9% stake in Australian shipbuilder Austal ( AUTLF ), an exchange filing showed.

** Cleary Gottlieb Steen & Hamilton has acquired a legal technology company, a rare move as large law firms race to invest in generative artificial intelligence.

** The German insurer Allianz said on Monday that it was selling its 26% stake in two joint ventures with India's Bajaj Finserv to the Bajaj Group for around 2.6 billion euros ($2.84 billion). (Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

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