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Deals of the day-Mergers and acquisitions

Published 03-10-2017, 03:30 pm
Updated 03-10-2017, 03:40 pm
© Reuters. Deals of the day-Mergers and acquisitions
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Oct 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Telecommunications provider CenturyLink Inc (NYSE:CTL) CTL.N has won U.S. antitrust approval for its purchase of Level 3 Communications Inc LVLT.N on condition that it sell certain assets, according to a court filing dated on Monday. Japan's Asahi Group Holdings Ltd 2502.T said it is in talks to sell its stakes in two unlisted Indonesian beverage companies to its joint venture partner, PT Indofood CBP Sukses Makmur Tbk ICBP.JK , as part of a portfolio restructuring. Wal-Mart Stores Inc (NYSE:WMT) WMT.N said it has acquired Parcel Inc, a New York-based last-mile delivery startup, as the retailer seeks to better compete with e-commerce giant Amazon.com Inc AMZN.O . Adecco ADEN.S , the world's biggest staffing group, has acquired privately held outplacement firm Mullin International, the Swiss company said, providing no financial terms. India's Reliance Communications RLCM.NS is reworking a planned $1.7 billion stake sale in its tower assets after scrapping a proposed merger of its wireless arm with smaller rival Aircel, as its shares tumbled to an all-time low. Swiss private bank J. Safra Sarasin Group has agreed to buy Bank Hapoalim 's POLI.TA private banking businesses in Luxembourg and Switzerland, with offices in Zurich and Luxembourg, the Swiss group said. French bank Natixis CNAT.PA has agreed to buy a majority stake in Australian fund management company Investors Mutual Limited for around A$155 million ($121 million), as part of its plans to expand in the Asian region. Dutch juice bottling company Refresco RFRG.AS has received a new 1.6 billion euro ($1.88 billion) buyout offer from French private equity firm PAI Partners. Japan's Toshiba Corp 6502.T said it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit. ($1 = 1.2806 Australian dollars) ($1 = 0.8516 euros) ($1 = 113.0100 yen)

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