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(Adds Rexnord, Li-Cycle Corp, Issa, CoStar Group Inc, Essity, Cemex, Bankia Adidas; updates Baby Care Inc)
Feb 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:
** German sportswear maker Adidas AG ADSGn.DE said it plans to divest the underperforming brand Reebok that it failed to revive 15 years after buying the U.S. fitness label to help compete with archrival Nike Inc (NYSE:NKE) NKE.N . The Spanish government has extended until December 2023 its deadline to offload its stake in Bankia BKIA.MC , the Spanish government spokeswoman Maria Jesus Montero said on Tuesday. The government had currently until 2021 to sell the 61.8% it holds in Bankia. Mexican cement producer Cemex CMXCPO.MX said it had acquired a Beck Readymix Concete Co, a cement business in San Antonio, Texas. Essity ESSITYa.ST confirmed that discussions to buy additional shares in hygiene and personal products maker Asaleo were at an advanced stage. Commercial property data vendor CoStar Group Inc CSGP.O has offered to buy real-estate data provider CoreLogic Inc CLGX.N for about $6.9 billion in an all-stock deal, weeks after the real-estate data provider agreed to be acquired by two private equity firms. Britain's Issa brothers and private equity firm TDR Capital said they had completed the acquisition of supermarket group Asda from Walmart (NYSE:WMT) WMT.N for an enterprise value of 6.8 billion pounds ($9.5 billion). Li-Cycle Corp said it will go public through a merger with blank-check acquisition company Peridot Acquisition Corp PDAC.N in a deal valuing the recycler of lithium-ion batteries at $1.67 billion. Rexnord Corp RXN.N said it would merge its industrial process and motion control business with larger rival Regal Beloit Corp RBC.N in a deal valued at about $3.69 billion Owlet Baby Care Inc, a maker of baby monitoring devices, will go public through a merger with a blank-check firm backed by private equity firm Sandbridge Capital, in a deal that values the equity of the combined entity at about $1.4 billion. Japanese refiner Idemitsu Kosan 5019.T said it has withdrawn its offer for a potential acquisition of smaller rival, Toa Oil Co 5008.T , in which a U.S. investment fund has been building up a stake. Idemitsu already owns 50.12% of Toa. The British competition authority (CMA) has expressed concerns about the planned acquisition by Norway's Adevinta ADEV.OL of eBay's EBAY.O classified ads business, Adevinta said. The deal, worth $9.2 billion and announced in July, would create the world's largest classifieds group if it went ahead. British outsourcer Serco SRP.L said it would buy consulting services provider Whitney, Bradley & Brown Inc from an affiliate of H.I.G. Capital for $295 million to strengthen its services to the defence sector. Irish food and ingredients company Kerry KYGa.I is undertaking a strategic review of its dairy business in Britain and Ireland, which may lead to a transaction in the coming months, its chief executive said. Abu Dhabi's state-owned ADQ has lined up a small group of banks for a loan of about $1 billion to back its acquisition of a 45% stake in commodities trader Louis Dreyfus Co (LDC), three sources familiar with the matter said. Indian conglomerate Tata Group will buy a 68% stake in Alibaba-backed BABA.N online grocery startup BigBasket for about 95 billion rupees ($1.31 billion), television channel ET now said.