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PRESS DIGEST- Wall Street Journal - April 25
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PRESS DIGEST- Wall Street Journal - April 25
Apr 25, 2024 1:28 AM

April 25 (Reuters) - Following are the top stories in

the Wall Street Journal. Reuters has not verified these stories

and does not vouch for their accuracy.

- Mining giant BHP Group ( BHP ) offered to buy Anglo

American, a longtime rival with a market capitalization

of about $35 billion, in a potential megadeal that could reshape

the global mining industry.

- Hipgnosis Songs Fund ( HPGSF ) has agreed to an improved

$1.51 billion takeover by Apollo-backed music company Concord

Chorus, trumping a rival offer from Blackstone.

- Cybersecurity company Rubrik plans to raise $752 million

through a U.S. listing, the latest company to tap an initial

public offering market that is heating up.

- The U.S. Justice Department is conducting a criminal

investigation into consulting firm McKinsey related to its past

role in advising some of the nation's largest opioid

manufacturers on how to boost sales.

- Blackstone said it is buying restaurant

franchiser Tropical Smoothie Cafe for nearly $2 billion,

including debt.

- International Business Machines ( IBM ) agreed to buy

cloud-software company HashiCorp ( HCP ) in a deal with an

enterprise value of $6.4 billion.

(Compiled by Bengaluru newsroom)

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