The new offer price is 5.7% higher than the previous agreement announced in May.

Northvolt will cut jobs as part of a broad cost-saving plan to streamline the business following a period of aggressive expansion and as the global electric-vehicle market cools.

The activist investor said the share structure gives too much influence to the family of company founder Rupert Murdoch.

Verizon has agreed to acquire Frontier Communications in a $9.6 billion all-cash deal that would bolster the company’s fiber network to compete with rivals including AT&T.

The agreement is set to significantly expand the cellphone carrier’s fiber footprint across the U.S.

A fleet of new lithium mines are set to open across Europe in the next few years as the European Union pushes to increase supply of the metal deemed vital for the energy transition in a bid to combat China’s grip on the market.