Deals of the day-Mergers and acquisitions

(Adds Meredith, YPF, Prysmian and Fosun International; updates

Western Digital)

April 12 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 2000 GMT on

Wednesday:

** Dutch drinks bottler Refresco said it had

rejected a 1.4 billion euro ($1.49 billion) takeover offer from

French private equity investor PAI Partners after its board

concluded the offer was inadequate.

** European Union regulators cleared U.S. car supplier

Lear's takeover of the seats and metals business of

Spain's Grupo Antolín-Irausa, saying it would still face

sufficient competition.

** ChemChina's $43 billion planned takeover of

Swiss pesticides and seeds group Syngenta has received

approval from China's Ministry of Commerce, the two companies

said. Syngenta said Mexican regulatory conditions for approving

the deal will not have a major impact on the business.

** Talks about uniting the rail operations of Germany's

Siemens and Canada's Bombardier are being

complicated by the desire of both companies to keep control of a

merged business, two people close to the matter said on

Wednesday.

** Two of the stakeholders in Brazilian hydroelectric dam

Santo Antonio have broken off talks with potential Chinese buyer

State Power Investment Corp after rejecting the value and terms

of its proposal, a newspaper reported.

** Rebel shareholders in Dutch paint maker Akzo Nobel

want to oust the company chairman after Akzo refused

to engage in takeover talks with U.S. rival PPG Industries

.

** Western Digital Corp has warned Toshiba Corp

that the Japanese firm is violating a joint venture

contract in plans to sell to its chip unit and urged that it be

given exclusive negotiating rights.

** U.S. pipeline operator NuStar Energy LP said on

Tuesday it would buy privately held Navigator Energy Services

LLC for about $1.48 billion, as it seeks to expand into the

Permian basin.

** British American Tobacco (BAT) said it had

agreed with Bulgarian cigarette maker Bulgartabac to acquire

some of its leading cigarette brands in a deal worth more than

100 million euros ($106 million).

** U.S. media group Meredith Corp has made a

preliminary acquisition offer to Time Inc that fell

short of the price expectations of the publisher of Sports

Illustrated and Fortune magazines, according to people familiar

with the matter.

** Argentina's state-run oil company YPF SA and

Schlumberger AG, the world's top oil services

provider, have reached a deal to invest $390 million in the Vaca

Muerta shale field in Patagonia, YPF said.

** Italy's Prysmian, the world's largest cable

maker, is discussing potential acquisitions but does not want to

overpay and offers it has submitted so far have been rejected,

Chief Executive Valerio Battista said.

** China's Fosun International Ltd plans to sign

an agreement to buy a stake in Russia's largest gold producer

Polyus, Interfax news agency quoted Russian First

Deputy Prime Minister Igor Shuvalov as saying.

($1 = 0.9383 euros)

(Compiled by Komal Khettry and Divya Grover in Bengaluru)