BHP's plan to divest South African assets of Anglo American is central to its acquisition strategy, aiming to increase free float in Kumba Iron Ore and Amplats, trigger index-linked buying, and meet regulatory goals, potentially justifying a 30%-45% control premium.

Allete (NYSE: ALE) rises 1.1% pre-market after a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners agrees to acquire the energy company for $67/share in cash, totaling $6.2B, with a commitment to retain local management and operations.

BF Borgers, hired by Trump Media & Technology Group, faces SEC charges of "massive fraud" involving over 1500 filings, alleging deliberate failure to comply with PCAOB standards, fabricating audit documentation, and falsely stating compliance, resulting in a $12M penalty for the firm and a $2M penalty for owner Benjamin Borgers.

Paramount Global ends exclusive negotiations with Skydance Media, considering a $26 billion bid from Sony Pictures and Apollo Global Management, amid shareholder concerns and leadership changes, impacting the company's future.