Deals of the day -- mergers and acquisitions
May 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
** U.S. oil and gas company Apache Corp on Thursday said it plans to sell $4 billion in assets, using proceeds to shore up its balance sheet and share price through debt reduction and a big share buy-back.
** Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday.
** Sumitomo Mitsui Financial Group's deal to buy a $1.5 billion stake in Indonesia's BTPN at high valuations marks the beginning of an aggressive push by cash-rich Japanese lenders into retail banking in other Asian markets.
** Italian oil major Eni took a step towards offloading its gas transport company Snam on Thursday when it sold a stake for 1.45 billion euros ($1.9 billion) in one of Europe's biggest equity sales of the year. Continued...