Deals of the day -- mergers and acquisitions

Wed Mar 13, 2013 3:59pm EDT
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March 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Johnson Controls Inc is exploring a potential sale of its automotive electronics business, but has no "current intention" to sell its automotive interiors unit, the company said on Wednesday.

** Telecom Italia is continuing talks over a possible spin-off of its copper-wire network, its chief operating officer said on Wednesday, a project that could help the group pay down heavy debts and free up funds for investment.

** Heavily-indebted Italian publisher RCS MediaGroup on Wednesday took a step towards the possible sale of its majority stake in Internet company Dada, by asking it to allow potential bidders access to its data room for a due diligence.

** Online travel agency's $1.8 billion deal to acquire smaller rival Kayak Software Corp , which was expected to close this month, will be delayed due to a prolonged review by UK antitrust regulators.   Continued...