Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

March 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Electronic materials maker Versum Materials Inc VSM.N formally rejected a $5.9 billion unsolicited cash offer from Merck (NS: MERK ) KGaA MRCG.DE , saying it was committed to the agreed merger with U.S. rival Entegris ENTG.O . The sovereign wealth fund of Qatar is seeking a stake of at least 5 percent in Deutsche Bank DBKGn.DE , a German magazine reported. Italian confectioner Ferrero and two other bidders are left in the race to buy Arnott's biscuits and other international assets put on sale by Campbell Soup CPB.N , the Australian Financial Review reported. Danish brewer Carlsberg (CO: CARLa ) CARLb.CO has bought a minority stake in Chinese micro brewery Jing-A, the company said. India's Tata Motors Ltd TAMO.NS denied media reports that it was exploring options for its ailing luxury car unit Jaguar Land Rover Automotive Plc. Japan's Mitsubishi UFJ Financial Group 8306.T has agreed to buy the aviation financing business of Germany's DZ Bank as it expands further into the sector and becomes more international. Macquarie MQG.AX has emerged as the leading bidder for Bayer's BAYGn.DE 60 percent stake in chemical park operator Currenta, which the German drugmaker has put on the block to reduce its debt pile, people close to the matter said. Japan's Daiichi Sankyo Co 4568.T is exploring the sale of its over-the-counter drugs (OTC) business and has hired JPMorgan (NYSE: JPM ) to advise on the potential deal, several people with knowledge of the matter told Reuters. U.S. industrial conglomerate Eaton (NYSE: ETN ) Corp Plc ETN.N said it would spin-off its lighting business unit, which makes LED lighting and controls, with sales of about $1.7 billion in 2018.

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