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Deals of the day-Mergers and acquisitions

Published 23/10/2015, 02:02 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Raytheon, EPH, Deutsche Wohnen and Boubyan)

Oct 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Thursday:

** Raytheon Co RTN.N is focused more on niche acquisitions than on larger billion-dollar deals, Chief Financial Officer Toby O'Brien told analysts.

** Czech energy group EPH said it had not reached a deal so far with Italy's Enel ENEI.MI on the sale of part of Enel's 66 percent stake in Slovak utility Slovenske Elektrarne. A senior source at Italy's biggest utility told Reuters earlier on Thursday a general agreement had been reached.

** Deutsche Wohnen DWNG.DE on Thursday said that Vonovia's VNAn.DE hostile offer for the German property group was inadequate, a day after Deutsche Wohnen abandoned its own planned takeover of peer LEG LEGn.DE .

** Kuwait's Boubyan Petrochemical Co BPCC.KW said its affiliate Equate had signed a $3.2 billion deal to buy ME Global from Dow Chemical DOW.N of the United States and a subsidiary of state-run Kuwait Petroleum Corp.

** Italy's market regulator Consob will look to give a quick answer to a series of questions on how oil major Eni ENI.MI must proceed to deconsolidate its oil service subsidiary Saipem SPMI.MI , Consob's chief said.

** Bahrain Telecommunications is assessing options for its Jordanian unit Umniah, it said in a bourse statement.

** Embattled Australian oil and gas producer Santos Ltd STO.AX said it had rejected a A$7.1 billion ($5.1 billion) takeover proposal from U.S.-based fund manager Scepter, pitched at a 26 percent premium to its last trade.

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** Vivendi VIV.PA raised its stakes in French video games makers Ubisoft UBIP.PA and Gameloft GLFT.PA and indicated that it might buy additional shares later and seek board seats. Vivendi said its stakes now stood at 10.39 percent in Ubisoft and 10.20 percent in Gameloft, taking the total amount spent on the shares to 278 million euros ($315 million).

** C.banner International Holdings Ltd 1028.HK , a Hong Kong-based women's footwear retailer, will buy the British toy shop Hamleys for around 100 million pounds ($154.3 million), a source with direct knowledge of the deal said.

** Monterey Group, owned by private equity firm Terra Firma, agreed to buy back the rest of renewable power generating firm Infinis Energy INFII.L it did not own, following regulatory changes that have hit the sector.

** Chinese state carrier Air China 0753.HK and China Southern Airlines 600029.SS could be merged, a state-owned newspaper said, as Beijing continues to consolidate its bloated state-owned conglomerates to improve competitiveness.

** Australia's competition watchdog said it had postponed a final decision on Royal Dutch Shell's RDSa.L $70 billion takeover of BG Group BG.L by a week to Nov. 19, following an earlier deferral in September.

** Australia's antitrust regulator cleared News Corp NWSA.O cable firm Foxtel's bid to buy 15 percent of free-to-air broadcaster Ten Network Holdings Ltd TEN.AX , and backed industry calls for an overhaul of "redundant" media ownership laws.

** Singapore sovereign wealth fund GIC GIC.UL has formed a 50-50 joint venture with Tishman Speyer to invest in the developer's office project in the southern Indian city of Hyderabad, the firms said in a joint statement.

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