Deals of the day -- mergers and acquisitions
March 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
** Real estate investment trust American Realty Capital Properties Inc said it offered to buy unlisted Cole Credit Property Trust III Inc for $5.7 billion in cash and stock to create the largest publicly traded REIT in the net lease sector.
** China's Zhejiang Geely Holding Group said on Wednesday it will not make a final bid for a stake in Fisker Automotive Inc as it is not in line with its strategic considerations.
** Canada's Valeant Pharmaceuticals International Inc said it would buy Obagi Medical Products Inc for about $344 million to boost its dermatology business, pushing ahead with a strategy of rapid growth through acquisitions.
** The Indian government will sell 240.4 million shares, or a 5.82 percent stake, in state-owned Steel Authority of India Ltd through an auction on March 22, the steel ministry said on Wednesday. Continued...