Deals of the day -- mergers and acquisitions
April 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
** Glencore said it had extended again the date by which it expects to close its merger with Xstrata to May 2, due to the ongoing investigation into the deal in China.
Glencore has been waiting for several months for China, the biggest buyer of the materials it trades and mines, to give the go-ahead before it can complete its $35 billion acquisition of miner Xstrata, the largest deal in the sector to date.
** Japanese trading house Marubeni Corp has again been forced to delay the closure of its $5.6 billion purchase of U.S. grain merchant Gavilon because Chinese regulators have not finished their appraisal of the transaction.
** Nordic telecom operator Tele2 defended a decision to sell its Russian unit for $3.5 billion and spurn a higher offer from one of Russia's wealthiest businessmen. Continued...