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Deals of the day-Mergers and acquisitions
Mar 18, 2025 3:07 AM

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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