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Deals of the day-Mergers and acquisitions

Published 07/07/2017, 08:44 pm
Updated 07/07/2017, 08:50 pm
© Reuters.  Deals of the day-Mergers and acquisitions
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July 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 10:30 GMT on Friday:

** Campbell Soup Co CPB.N said it would buy organic broth and soup maker Pacific Foods for $700 million in cash, to cater to changing consumer tastes toward fresher and healthier foods. Canadian energy company Paramount Resources Ltd POU.TO said it would buy subsidiaries of U.S. oil and gas producer Apache Corp (NYSE:APA) APA.N for $459.5 million. China Vanke Co Ltd 2202.HK 000002.SZ said it had entered into an asset transfer agreement to buy the equity interests and creditors' rights of companies with assets, including land, for 55.1 billion yuan ($8.1 billion). Berkshire Hathaway (NYSE:BRKa) Energy, a unit of Warren Buffett's Berkshire Hathaway Inc BRKa.N , said it would acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor's equity value at about $11.25 billion. Sweden's AB Volvo VOLVb.ST said it had sold its 25 percent stake in German diesel engine maker Deutz AG DEZG.DE as the truck maker continued to trim assets outside its core business. French construction equipment maker Altrad Investment Authority said on Friday it agreed to buy UK oil services company Cape Plc CIU.L for about 332.2 million pounds ($430.3 million) in cash. British defence contractor Ultra Electronics ULE.L said it would buy Sparton Corp SPA.N for $23.50 per share, giving the maker of anti-submarine warfare devices used by the U.S. Navy an enterprise value of about $234.8 million. French construction equipment maker Altrad Investment Authority said it agreed to buy UK oil services company Cape Plc CIU.L for about 332.2 million pounds ($430.3 million) in cash. Activist investor Elliott Management has bought a stake in Stada STAGn.DE , two financial sources familiar with the matter said, adding a new twist to a takeover battle for the German generic drugs maker. An unnamed institutional investor launched a selldown worth about $260 million in China Vanke Co Ltd 2202.HK 000002.SZ , China's second-largest property developer, IFR reported, citing a term sheet of the transaction.-IFR Commodity trader Cargill Inc CARG.UL completed the sale of its petroleum business to Australian investment bank Macquarie Group Ltd MQG.AX on June 30, a company spokeswoman told Reuters.

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