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Deals of the day- Mergers and acquisitions

Published 2016-07-21, 07:39 a/m
© Reuters.  Deals of the day- Mergers and acquisitions

July 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:

** Anheuser-Busch InBev ABI.BR and SABMiller SAB.L received approval for their $107 billion merger from U.S. antitrust regulators on Wednesday after the companies agreed to unload beer assets and preserve competition from independent craft brewers. Japanese mining equipment maker Komatsu Ltd 6301.T has agreed to buy its smaller U.S. rival Joy Global Inc (NYSE:JOY) JOY.N for about $3.7 billion including debt, its biggest ever acquisition, to increase its clout in the mining industry. U.S. investor Oaktree OAK.N has reduced its stake in German real estate group Alstria Office AOXG.DE by placing 10.72 million shares, a stake of 7 percent, with institutional investors, two people familiar with the transaction said. Australia's antitrust watchdog gave the green light to a A$9.1 billion ($6.8 billion) buyout of rail freight giant Asciano Ltd AIO.AX by a global consortium led by Canada's Brookfield Asset Management Inc BAMa.TO . F.N.B. Corp FNB.N is in advanced talks to acquire Yadkin Financial Corp YDKN.N in an all-stock merger that will create a U.S. regional lender with a market value of more than $4 billion, people familiar with the matter said on Wednesday. Australia's Oil Search Ltd cleared the way for ExxonMobil Corp XOM.N to take over InterOil Corp IOC.N for $2.2 billion, opting not to raise its rival offer for its partner in a rich Papua New Guinea gas field. Galenica GALN.S said it agreed to buy U.S. biopharma company Relypsa RLYP.O for $1.53 billion in cash to strengthen its Vifor Pharma unit. Promoted Hull City have put takeover talks on hold to focus on strengthening their squad as a host of injuries has left the club with just 13 fit players for the new Premier League season. A state tender for a company to build and operate a power plant in southern Russia attracted no bids partly because firms feared falling foul of EU sanctions should any electricity be diverted to nearby Crimea, industry sources said. Developer China Vanke Co Ltd 2202.HK said it and its partners have sealed a $1.9 billion deal with Blackstone (NYSE:BX) Group LP BX.N and third parties, with the company putting in 3.89 billion yuan ($583 million) to buy their property firms. Singapore state investor Temasek Holdings (Pte) Ltd TEM.UL will buy the remaining nearly 46 percent stake in SMRT Corp Ltd SMRT.SI that it does not already own for about S$1.18 billion ($869 million), the two firms said on Wednesday. China Minsheng Banking Corp's 600016.SS Vice Chairman Lu Zhiqiang spent $1.1 billion last week to buy its shares, the bank has disclosed, raising speculation of a looming power struggle at the country's biggest private lender.

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