Deals of the day -- mergers and acquisitions

Fri Oct 19, 2012 4:03pm EDT
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Oct 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Rosneft is poised to secure a tighter grip on Russia's oil industry by buying BP's 50 percent stake in TNK-BP, the country's third largest producing company. The British oil company's board will meet on Friday to consider a cash and stock offer worth over $25 billion.

** Canadian insurer Sun Life Financial is committed to Britain, it said after the Financial Times reported it had shelved plans to sell its British division.

Sun Life's British unit has 750,000 policyholders and held nearly 12 billion pounds ($19.36 billion) of assets as of June 30 this year. The annuity-focused business stopped accepting new customers in 2010.

** A Singapore hotel and property firm backed by Indonesia's Lippo Group may team up with Japan's Kirin Holdings to thwart a $7.2 billion takeover offer for Fraser and Neave Ltd from companies linked to Thailand's third-richest man, sources said.   Continued...