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Deals of the day-Mergers and acquisitions

Published 2017-03-13, 06:46 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

March 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** U.S. chip giant Intel INTC.O has agreed to buy Israeli technology firm Mobileye (NYSE:MBLY) MBLY.N for $14 billion-$15 billion, according to TheMarker, an Israeli financial newspaper. Oilfield services firm John Wood Group WG.L said it proposed to buy smaller peer Amec Foster Wheeler AMFW.L for a recommended all-share offer valued at about 2.2 billion pounds ($2.69 billion). German chemicals maker Evonik EVKn.DE will buy Hamburg-based Dr. Straetmans GmbH, a maker of cosmetic ingredients, for just under 100 million euros ($107 million). Abu Dhabi-listed Etisalat is considering a sale of its stake in Etisalat Nigeria after the local unit defaulted on a $1.2 billion loan payment but wants the unit's debt restructured before it starts the sale process, two sources told Reuters. Canada's two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia. Kazkommertsbank KKGB.KZ (KKB), Kazakhstan's biggest lender, will sell half of its assets to a state-run "bad bank" before its proposed takeover by Halyk Bank HSBK.KZ , the country's central bank said. Bahrain-based Investcorp INVB.BH said on Sunday Abu Dhabi state investment fund Mubadala Development MUDEV.UL had completed a deal to acquire a 20 percent stake in the alternative investment firm's parent, Investcorp Bank. British homebuilder Bovis BVS.L rejected a bid approach from rival Galliford Try GFRD.L but remains in talks about a possible deal, the company said on Sunday, adding it had also rejected a proposal from another suitor, Redrow RDW.L . Toronto-based insurance group Fairfax Financial Holdings Ltd FFH.TO said on Friday, it would increase the cash component of its offer to buy Allied World Assurance Co Holdings AG AWH.N by $18 per share.

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