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Deals of the day-Mergers and acquisitions

Published 2017-07-17, 09:12 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Monday:

** Canada's Dominion Diamond Corp DDC.TO DDC.N, the world's third-largest diamond producer by market value, said it would be bought by The Washington Companies for $1.2 billion.

China's regulators have told banks to stop providing funding for several of Dalian Wanda Group's overseas acquisitions as Beijing looks to curb the conglomerate's offshore buying spree, sources familiar with the matter said.

Arm & Hammer toothpaste maker Church & Dwight Co Inc CHD.N said it would buy privately held Water Pik Inc, which makes oral hygiene products and shower heads, for about $1 billion in cash.

U.S. buyout firm Carlyle Group LP CG.O said it agreed to buy airfield lighting group ADB Safegate from private equity group PAI Partners.

French payments company Worldline WLN.PA has agreed to buy Swedish peer Digital River World Payments as merger activity in the payments sector picks up following this month's takeover of Worldpay WPG.L.

Mobile advertising firm Taptica TAP.L said it agreed to acquire 57 percent of Adinnovation Inc for up to $5.7 million in cash, the first Israeli acquisition of a Japanese mobile ad company.

German publisher Axel Springer SPRGn.DE said it sold two Berlin real estate assets for 755 million euros ($864 million).

San Miguel Corp's SMC.PS billionaire president said he will buy a majority stake in the Inquirer Group of Companies, one of the Philippines' biggest media firms and publisher of the country's most-read broadsheet, the Philippine Daily Inquirer.

Hong Kong media company Next Digital Ltd 0282.HK, founded by tycoon and outspoken Beijing critic Jimmy Lai, said it plans to sell its flagship magazine and four others to a local businessman for HK$500 million ($64 million).

Switzerland's EFG International EFGN.S and Brazil's BTG Pactual BPAC3.SA have struck a deal on the final price for BSI Bank at just under 1 billion Swiss francs ($1.04 billion), after billions in outflows at BSI had pushed down the value of the transaction.

Vodka maker Stock Spirits Group Plc STCK.L said it would buy a 25 percent stake in the Irish business of Quintessential Brands Group for up to 18.3 million euros in cash, adding Irish whiskey to its offering. Ride-hailing firm Careem, a Middle East rival to Uber Technologies Inc.

UBER.UL, has bought a minority stake in a three-month-old Egyptian start-up that connects commuters with private buses in Cairo.

BAWAG PSK CCMLPB.UL, the Austrian bank owned by private equity group Cerberus Capital Management CBS.UL, bought German regional lender Suedwestbank for an undisclosed price to expand its network in western Europe, BAWAG said.

Centrica CNA.L has agreed with Bayerngas Norge to merge the companies' North Sea assets, creating the region's largest non-major oil and gas producer and allowing Centrica access to younger fields and to lower its decommissioning liabilities.

Cable manufacturer General Cable Corp BGC.N announced on Sunday a review of strategic alternatives that could include a potential sale of the company.

Oaktree Capital Management OAK.N placed an investment stake in Australian drilling services company DDH1 Drilling Pty Ltd, the drilling company announced in a statement on Sunday.

Valeant Pharmaceuticals International Inc (NYSE:VRX) VRX.TO, VRX.N said it would sell its Obagi Medical Products business to Haitong International Zhonghua Finance Acquisition Fund I LP for $190 million in cash, as part of the Canadian drugmaker's efforts to cut down its debt.

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