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Deals of the day-Mergers and acquisitions

Published 19/10/2016, 01:29 am
Updated 19/10/2016, 01:29 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds SM Energy, Abbott Laboratories (NYSE:ABT))

Oct 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1025 GMT on Tuesday:

** Australia's Tatts Group Limited TTS.AX and Tabcorp Holdings Ltd TAH.AX said they are in talks to create a A$9.34 billion ($7.1 billion) betting industry giant, hoping to join forces to fend off popular online rivals. SM Energy Co SM.N said it would buy 35,700 net acres in West Texas's Howard and Martin counties for about $1.6 billion and sell its Williston Basin assets in North Dakota for $785 million to Oasis Petroleum Inc OAS.N . Abbott Laboratories ABT.N , which is in the process of buying St. Jude Medical Inc STJ.N for $25 billion, said the companies would sell some of their medical devices to Japan-based Terumo Corp 4543.T for about $1.12 billion. Caltex Australia Ltd CTX.AX said it had made a proposal to buy Woolworths Ltd's WOW.AX petrol station chain, which analysts expect to sell for more than A$1.5 billion ($1.1 billion). Azeri state energy company SOCAR will participate in a tender to buy Austrian oil company OMV's OMVV.VI network of nearly 1,800 petrol stations in Turkey, a SOCAR official said. South Korea's Hyundai Merchant Marine Co Ltd 011200.KS said it may submit a preliminary bid for Hanjin Shipping Co Ltd 117930.KS assets used in Asia-to-U.S. routes - a sale seen as key to Hanjin's prospects for paying off creditors. William Hill WMH.L and Canadian online gambling company Amaya Inc AYA.TO , AYA.O have abandoned merger talks, leaving the British bookmaker struggling to find a partner in a fast consolidating industry. Israeli online advertising company Matomy Media Group MTMY.L has launched a review of its business to consider all available options to increase shareholder value, including a possible deal. Top Glove Corp Bhd TPGC.KL , the world's largest rubber glove maker, is looking at deals of up to 1 billion ringgit ($240.7 million) as it seeks to expand its business through acquisitions of local players. Austria-based oil and gas company OMV OMVV.VI has agreed to sell to Mazarine Energy, an oil and gas production and exploration company backed by private equity fund Carlyle Group CG.O , 19 onshore oil fields in Romania for an undisclosed purchase price, the companies said.

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