PRESS DIGEST- Financial Times - March 24

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PRESS DIGEST- Financial Times - March 24

, Reuters - 11:01 PM ET 3/23/2025 mergers-and-acquisitions

March 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Wood Group poised to extend takeover talks with UAE's Sidara

- National Grid chief says Heathrow had 'enough power' despite fire shutdown

- Malaysia to crack down on Nvidia ( NVDA ) chip flows under US pressure

- James Hardie to buy building products group Azek ( AZEK ) for nearly $9bn

Overview

- British oilfield services and engineering firm Wood Group has agreed to extend a deadline for talks with Dubai-based Sidara for a possible takeover offer after a failed attempt six months ago.

- National Grid's chief executive John Pettigrew has insisted the electricity transmission network remained capable of feeding enough power to Heathrow throughout the airport's closure last week, as airlines' anger over the decision to shut down for nearly 24 hours grew.

- Malaysian trade minister Zafrul Aziz said Washington was demanding Malaysia closely track the movement of high-end Nvidia ( NVDA ) chips that enter the country over suspicions that many are ending up in China, in violation of U.S. export rules.

- Fibre-cement maker James Hardie Industries ( JHX ) said it would acquire U.S. outdoor building products maker AZEK Company ( AZEK ) in a cash and stock deal worth $8.75 billion including debt, looking to boost growth with new offerings to homeowners.

(Compiled by Bengaluru newsroom)

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