Deals of the day- Mergers and acquisitions

(Adds Norfolk Southern Corp (N:NSC), Nokia, Sharp Corp, Krauss-Maffei
Wegmann, and others)
Dec 4 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1500 GMT on Friday:

** Toshiba Corp 6502.T and Fujitsu Ltd 6702.T are in
talks to split off and merge their personal computer units,
people familiar with the matter said, as Japan's electronic
conglomerates seek to retreat further from loss-making
businesses.

** U.S. railroad operator Norfolk Southern Corp NSC.N said
its board unanimously rejected Canadian Pacific Railway Ltd's
CP.TO $28.4 billion acquisition proposal, saying the offer
undervalued the company and could raise regulatory hurdles.


** Finland's Nokia NOKIA.HE said it had completed the sale
of its navigation business HERE to German car makers BMW
BMWG.DE , Audi VOWG_p.DE and Mercedes DAIGn.DE .


** Japanese consumer electronics maker Sharp Corp 6753.T
is exploring sale of its holding in the Indian unit, among other
options, the unit said in a regulatory filing.

** Britain will further whittle down its stake in bailed-out
lender Lloyds Banking Group LLOY.L via a scheme aimed at major
investors in the early months of 2016, before sealing its exit
with a broader offer to the general public.

** South Korea's financial regulator is looking into whether
any trading irregularities had occurred concerning the merger of
Samsung (KS:005930) Group affiliates Samsung C&T 028260.KS and Cheil
Industries Inc earlier this year, two regulatory officials said.


** The German government has approved a merger of German
tank maker Krauss-Maffei Wegmann with the French armored vehicle
maker Nexter, the economy ministry said.

** EU antitrust regulators rejected a request by Britain's
competition authority to examine Hutchison Whampoa's 0001.HK
10.3-billion-pound ($15.58 billion) bid for British mobile unit
O2, saying an EU review would ensure uniform rules.

** Grupo BTG Pactual SA, the embattled Brazilian investment
bank shedding assets after the arrest of its founder, is in
talks with three unspecified international banks over the sale
of Swiss private bank BSI Group, a source with knowledge of the
plan said.

** Reliance Communications Ltd RLCM.NS , India's
fourth-biggest wireless telecommunications carrier, has signed a
non-binding pact to sell its mobile phone masts business to a
group of companies led by buyout firm TPG Capital Management LP.


** Thai Union Group Pcl TU.BK , the world's largest canned
tuna producer, scrapped a $1.5 billion acquisition of U.S. rival
Bumble Bee Seafoods after U.S. authorities said the deal would
be harmful to competition in the seafood market.

** Arbuthnot Banking Group ARBB.L said its retail bank had
agreed on the conditional sale of its non-standard consumer
lending business to Non-Standard Finance Plc NSF.L for 127
million pounds ($192 million).

** An activist investor on Thursday renewed its push for
Yahoo Inc YHOO.O to abandon its plans to spin off its valuable
stake in Chinese e-commerce giant Alibaba (N:BABA) Group Holding Ltd
BABA.N and instead sell its core business "at the highest
price possible."

** The Indonesian government has set a January deadline for
Freeport McMoRan Inc FCX.N to propose a price for the
divestment of part its Grasberg copper and gold mine, one of the
world's largest.

** French telecoms tycoon Patrick Drahi moved a step closer
to taking control of French news-only TV channel BFM TV as part
of a deal announced in July with owners NextRadioTV NXTV.PA .


** French sugar group Tereos said it was launching a tender
offer for the remaining shares of its Tereos Internacional
TERI3.SA unit, with a view to delisting it from the Sao Paulo
Stock Exchange during the second quarter of 2016.

** Walkie-talkie and radio systems maker Motorola (N:MSI) Solutions
Inc MSI.N said it would buy UK-based communications company
Airwave Solutions Ltd for 817.5 million pounds ($1.24 billion)
to beef up its services business.

** Spanish lender Caixabank CABK.MC said on Thursday it
was selling stakes in Bank of East Asia 0023.HK and Mexico's
Inbursa GFINBURO.MX to its holding company Criteria in a 2.65
billion euro ($2.90 billion) deal to free up capital.