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Deals of the day -- mergers and acquisitions

Reuters - Friday, July 3

July 2 - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Thursday.

** Exelon Corp <EXC.N> raised its hostile takeover bid for independent power producer NRG Energy Inc <NRG.N> by more than 12 percent to $7.45 billion to sway investors ahead of NRG's annual meeting.

To read more, double click on [ID:nN02545292]

** Johnson & Johnson <JNJ.N> is to take over most of Elan Corp's <ELN.I> Alzheimer's research and invest $1 billion in new Elan equity in exchange for an 18.4 percent stake in the Irish drugmaker, the companies said. [ID:nL2891369]

** Securities firm International Assets Holding Corp <IAAC.O> agreed to buy commodity risk management firm FCStone Group Inc <FCSX.O> in an all-stock deal valued at about $130 million, as it looks to expand presence in the commodities market. [ID:nBNG513528]

** GlaxoSmithKline <GSK.L> expanded its emerging markets footprint by buying Bristol-Myers Squibb's <BMY.N> branded generics drugs business in Lebanon, Jordan, Syria, Libya and Yemen for $23.2 million. [ID:nL2729622]

** Reinsurer Validus Holdings Ltd <VR.N> reiterated its unsolicited offer for rival IPC Holdings Ltd <IPCR.O> despite a competing bid from Flagstone Reinsurance Ltd <FSR.N>. [ID:nN02159295]

** Lufthansa <LHAG.DE> could still win quick European Union regulatory approval for its planned takeover of Austrian Airlines <AUAV.VI> if it makes concessions within days, the European Commission said. [ID:nL2888258]

** Opel frontrunner Magna's <MGa.TO> consortium partner Sberbank <SBER.RTS> said the race to acquire the carmaker was all but over, though Beijing Automotive Industry Holding Co may still lodge a bid in the coming days. [ID:nL2541989]

** Onex Corp <OCX.TO> said it acquired a majority stake in the Tropicana Las Vegas Hotel and Casino after the property emerged from bankruptcy protection. [ID:nN02546000]

** Swedish Match <SWMA.ST> said it had agreed to sell its South African operations to Philip Morris International <PM.N> for 1.75 billion rand . [ID:nL2546432]

** Spanish holding company Alba <ALB.MC> has bought a 10 percent stake in technology firm Indra <IDR.MC> from utility Union Fenosa <UNF.MC> at 15 euros per share, Alba and Fenosa said. [ID:nL216725]

** Icelandic investment firm Novator sold its 20.11 percent stake in sporting goods firm Amer Sports <AMEAS.HE> to institutional investors at roughly a 15 percent discount to Wednesday's closing price. [ID:nL2569946]

** Italy's Banco Popolare <BAPO.MI> said it would reopen the bid period for its buyout offer on its affiliate Banca Italease <BIL.MI> after it failed to achieve the 90 percent limit set in the offer. [ID:nL2226090] (Compiled by Tina Kwan in Singapore, Manasi Phadke and Sakshi A Mattoo in Bangalore)

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