Deals of the day -- mergers and acquisitions

Wed Apr 3, 2013 4:00pm EDT
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April 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** U.S. investment firm Royalty Pharma, which is considering a $6.6-billion bid for Irish drugmaker Elan Corporation Plc, must make a firm offer by May 10 or walk away, Ireland's Takeover Panel said on Wednesday.

** Nationwide Financial said on Wednesday it entered an agreement with Union Bank's HighMark Capital Management to acquire 17 equity and bond mutual funds with $3.6 billion in assets.

** Kosovo has had two bids for a 75-percent stake in telecom operator PTK, the government said on Wednesday, after an earlier attempt to sell the country's most profitable company collapsed in a corruption scandal.