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Deals of the day-Mergers and acquisitions

Published 14/10/2015, 07:00 am
© Reuters.  Deals of the day-Mergers and acquisitions
PIRC
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ACS
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HOTG
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GE
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EMC_old
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PKN
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ABI
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GLEN
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FXEN
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DML
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KCK
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PRGO
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VNM
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(Adds Vinamilk, Tauron, Pirelli, G3 Canada)

Oct 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** General Electric (N:GE) Co GE.N said it would sell its commercial lending and leasing businesses worth more than $30 billion to Wells Fargo (N:WFC) & Co WFC.N as the industrial conglomerate shifts its focus back on the manufacturing businesses. urn:newsml:reuters.com:*:nL3N12D4OE

** EMC Corp (N:EMC) EMC.N said it would pay Dell Inc DI.UL $2 billion if its record $67 billion deal with the world's no.3 computer maker is terminated for a "superior proposal" before Dec. 12 as the agreement enters into a 60-day 'go-shop' period. urn:newsml:reuters.com:*:nL3N12D4FW

** Anheuser-Busch InBev ABI.BR and SABMiller SAB.L , the world's top two brewers, have agreed in principle to one of the biggest mergers in corporate history after a near month-long courtship resulted in SABMiller accepting an offer worth more than $100 billion. urn:newsml:reuters.com:*:nL8N12D0N7

** An investment vehicle controlled by China National Chemical Corp (ChemChina) raised its stake in Pirelli PECI.MI to around 87 percent after a tender offer for the shares in the tyremaker it did not yet own, Reuters calculations showed on Tuesday. urn:newsml:reuters.com:*:nI6N126045

** Vietnam's government will divest all of its shares in Vinamilk VNM.HM , one of the country's most sought-after equities, state media reported on Tuesday, in a rare sign of openness by the state towards relinquishing controls on major firms. urn:newsml:reuters.com:*:nL3N12D53L

** Grain handler G3 Canada Ltd, a joint venture between a Saudi Arabian firm and Bunge Ltd BG.N , does not have much interest in bidding for a stake in rival Glencore Plc's GLEN.L agricultural business, its chief executive said. urn:newsml:reuters.com:*:nW1N112024

** Poland is planning a share swap with electricity producer Tauron TPE.WA to help fund the company's investment plans, in what could represent a step towards its purchase of the ailing Brzeszcze coal mine in southern Poland. urn:newsml:reuters.com:*:nL8N12D4EH

** U.S. power producer Calpine Corp CPN.N said it would buy a gas-fired power plant from Granite Ridge Holdings LLC for $500 million. urn:newsml:reuters.com:*:nL3N12D4D8

** The European Commission poured cold water on a call by telecoms companies on Tuesday for a more relaxed approach to mergers in the sector, fuelling fears that proposed deals in Britain and Italy may be derailed by competition authorities. urn:newsml:reuters.com:*:nL8N12D30T

** Malaysian utility heavyweight Tenaga TENA.KL is inching towards a multi-billion dollar purchase of energy assets from 1MDB after a rival Chinese bidder dropped out, a deal that would bring welcome financial relief to the scandal-hit state fund. urn:newsml:reuters.com:*:nL3N12C3K0

** British payments processor Worldpay Group WPG.L listed on the London Stock Exchange on Tuesday in an initial public offering valuing the company at 4.8 billion pounds ($7.4 billion), the biggest flotation in London this year. urn:newsml:reuters.com:*:nL8N12D0NB

** Belgian car parts group Punch Powertrain is being put up for sale by its private equity owners in a potential roughly 400 million euro ($455 million) deal, three people familiar with the matter said. urn:newsml:reuters.com:*:nL8N12D2SP

** Kenya's central bank has called in a government agency to take control of Imperial Bank Ltd because of "unsafe or unsound business conditions" and the agency said it would investigate possible "malpractices". urn:newsml:reuters.com:*:nL8N12D0R0

** Canadian uranium miner Denison Mines Corp DML.TO and Fission Uranium Corp FCU.TO said they have terminated their C$483 million ($369.5 million) merger agreement due to opposition from Fission's shareholders. urn:newsml:reuters.com:*:nL3N12D4HG

** China Huarong Asset Management Co Ltd's initial public offering will seek to raise up $2.8 billion, its indicative price range shows, marking the biggest Hong Kong listing in 10 months as investors venture back into equities after a market slump this year. urn:newsml:reuters.com:*:nL3N12D1H0

** Chinese construction equipment maker Sunward Intelligent Equipment Co 002097.SZ said it had bought Canadian aviation services provider Avmax Group to diversify into aviation, amid a sustained downturn in the construction machinery market. urn:newsml:reuters.com:*:nL3N12D1RK

** Swedish paper and hygiene products maker SCA SCAb.ST said it had agreed to buy U.S. tissue maker Wausau Paper Corp WPP (L:WPP).N for $513 million in cash, in another step to focus on products ranging from tissues to incontinence protection. urn:newsml:reuters.com:*:nL8N12D11R

** Poland's top refiner, the state-controlled PKN Orlen PKN.WA , said it had launched takeover bids for Canada's Kicking Horse Energy KCK.V and Nasdaq-listed FX Energy FXEN.O , worth a total of over $300 million. urn:newsml:reuters.com:*:nL8N12D0XL

** OnCard International Ltd ONC.AX , a loss-making Australian loyalty scheme company with a market value of $7 million, said it was examining making a bid for one of the country's biggest dairy producers in an attempt to diversify into the dairy business. urn:newsml:reuters.com:*:nL3N12D22P

** Spanish builder ACS ACS.MC has bought a 5.8 percent stake in Hochtief HOTG.DE to raise its holding in the German group to 66.54 percent. urn:newsml:reuters.com:*:nL8N12D12Q

** iSelect Ltd ISU.AX , the Australian operator of an insurance comparison website, said it received a takeover approach from an unnamed "well-credentialed international private equity firm". urn:newsml:reuters.com:*:nL3N12D2VC

** The Irish Takeover Panel said it had rejected generic drugmaker Perrigo Co (N:PRGO) Plc's PRGO.N request to declare Mylan NV's MYL.O unsolicited tender offer lapsed. urn:newsml:reuters.com:*:nL3N12D3K2

** Privately owned Czech energy group EPH has teamed up with the country's biggest investment group PPF to bid for a portfolio of German lignite and hydro power stations being sold by Sweden's Vattenfall, EPH said. urn:newsml:reuters.com:*:nP7N0ZH00I

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