Deals of the day -- mergers and acquisitions

Thu Jun 6, 2013 4:00pm EDT
 
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June 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Media General Inc and privately held New Young Broadcasting Holding Co Inc said they will combine in an all-stock deal to form a new TV broadcasting company that will be majority controlled by New Young shareholders.

** Qatari developer Barwa Real Estate Co QSC plans to sell assets worth 26 billion riyals ($7.1 billion) to the property arm of the country's sovereign wealth fund, Qatari Diar, to reduce debt, the company said on Thursday.

** Taiwan's Hon Hai Precision Industry Co plans to split off its connector business into a separate entity next month as the unit struggles with dull computer demand, according to two sources familiar with the matter. The connector-making operation had generated $2.7 billion in revenue last year.

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