Deals of the day -- mergers and acquisitions

Thu Apr 11, 2013 4:01pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

April 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Reinsurance Group of America and French rival Scor are competing to acquire Generali USA in a deal worth up to $1 billion, five sources with knowledge of the matter said on Thursday.

** Telecom Italia SpA Chairman Franco Bernabe is likely to win the green light from the board to deepen talks with a Hong Kong-based conglomerate said to be targeting 29.9 percent of the Italian group, sources familiar with the situation said.

** Protective Life Corp agreed to buy a portfolio of old policies from French insurer AXA SA's U.S. business for $1.1 billion, with the aim of squeezing more value out of them.