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Deals of the day-Mergers and acquisitions
Jan 2, 2025 3:09 AM

Jan 2 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Thursday:

** Swisscom said that it has completed its

acquisition of competitor Vodafone Italia, which it will

now begin merging with its Italian business Fastweb.

** Hutchmed (China) ( HCM ), controlled by tycoon Li

Ka-shing, is selling stakes in its health subsidiary for around

$608 million as the billionaire and his flagship conglomerate

look to ramp up capital and pivot towards core operations at the

drugmaker.

** Japan's Nippon Steel ( NISTF ) has proposed giving the

U.S. government veto power over any potential cuts to U.S.

Steel's production capacity, as part of its efforts to

secure President Joe Biden's approval for acquiring the American

steelmaker, a source familiar with the matter said on Tuesday.

(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

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