Deals of the day -- mergers and acquisitions
Nov 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** Nestle SA's $11.9 billion purchase of Pfizer Inc's baby food business has won approval in China, taking the Swiss group a step towards sealing a deal which still rests on months of bargaining with antitrust authorities.
** Advance Auto Parts Inc has hired investment bank Blackstone Advisory to explore a potential sale to private equity, two people familiar with the matter said on Thursday, in a deal that could top $6 billion.
** A $1.7 billion bid for Malaysia's two main KFC fast food franchisees faces a growing chorus of opposition from investors challenging the terms of the offer that is nearly a year old and now looks to them badly undervalued.