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Deals of the day-Mergers and acquisitions

Published 28/12/2016, 08:12 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Abbott, Woolworths and Sports Direct )

Dec 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Healthcare company Abbott Laboratories (NYSE:ABT) ABT.N has won U.S. antitrust approval for its proposed $25 billion acquisition of medical device maker St. Jude Medical Inc STJ.N , the U.S. Federal Trade Commission said on Tuesday. Australian supermarket giant Woolworths Ltd WOW.AX has sold its chain of petrol stations to BP Plc BP.L for A$1.8 billion ($1.29 billion) in cash, according to media reports. Sports Direct International Plc SPD.L is selling its Dunlop brand to Japan's Sumitomo Rubber Industries (SRI) 5110.T for $137.5 million as part of a strategy to home in on its core business and develop brand relationships, it said in a statement. France's Lactalis, the world's largest dairy firm, said on Tuesday it was launching a buyout offer on shares in Italian group Parmalat PLT.MI it does not already own at 2.80 euros per share, with an aim to delist the company from the Milan bourse. Chinese mapping firm NavInfo 002405.SZ , internet group Tencent 0700.HK and Singapore's sovereign wealth fund GIC are buying a 10 percent stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe. Panasonic Corp 6752.T will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk's Tesla Motors TSLA.O to make photovoltaic cells and modules, deepening a partnership of the two companies. Messaging app Snapchat is buying Israeli augmented reality startup Cimagine Media for an estimated $30-$40 million, marking Snapchat's first acquisition in Israel, the Calcalist financial daily reported on Sunday. Enterprise Holdings Inc ERACR.UL has bought a 20 percent stake in Brazilian car rental service Unidas SA UNIDA.UL , the Brazilian company said in a securities filing on Monday. Israel's Delek Group DLEKG.TA said on Sunday it acquired 13.18 percent of Faroe Petroleum PLC FPM.L from Dana Petroleum Ltd KOILCD.UL for 42.77 million pounds ($52.6 million) as part of a strategy to expand its international energy activities. The Croatian government will buy Hungarian oil group MOL's MOLB.BU 49 percent stake in oil and gas company INA INA.ZA , Croatian Prime Minister Andrej Plenkovic said on Saturday. Malaysia's state-owned Federal Land Development Authority (Felda) has agreed to buy a 37 percent stake in Rajawali Group's PT Eagle High Plantations Tbk BWPT.JK , one of Indonesia's largest palm oil companies, for $505.4 million.

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