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

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

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.

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.

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.

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