Deals of the day -- mergers and acquisitions
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:
** Rosneft, Russia's top oil producer, is buying out the 49 percent stake in gas company Itera owned by founder Igor Makarov for around $3 billion, the Kommersant daily reported on Tuesday, citing sources.
** Norwegian fish farmer Marine Harvest will go ahead with its hostile $1.7 billion bid for local rival Cermaq if current talks with management and key shareholders fail, the company said on Monday.
** Valeant Pharmaceuticals International said on Monday it agreed to buy Bausch & Lomb Holdings Inc from Warburg Pincus LLC for $8.7 billion, a cash deal set to vault the Canadian company into the upper ranks of the global pharmaceutical sector.
** Club Mediterranee's top shareholders plan to take over the French holiday firm in a bid that values it at around 541 million euros ($700 million), to accelerate its shift to fast-growing emerging markets. Continued...