Deals of the day -- mergers and acquisitions
June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
** Shareholders of Sprint Nextel Corp voted on Tuesday in favor of a sweetened takeover offer from SoftBank Corp , ending a contentious takeover battle for the No. 3 U.S. wireless service provider. According to Sprint, about 80 percent of its shares outstanding were voted in favor of the $21.6 billion deal that would leave SoftBank with 78 percent ownership of the company.
** French farmer-owned dairy cooperatives Sodiaal and 3A have agreed to merge to form a group with 5 billion euros ($6.5 billion) in sales as the sector braces for increased competition when European production quotas come to an end.
** Indian state oil firms ONGC and Oil India Ltd have signed an agreement to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion, the state companies said on Tuesday.
** Total SA and private equity firm Hellman & Friedman plan to sell their 30 percent stakes in Gaztransport & Technigaz (GTT), the world's No. 1 maker of cryogenic hull linings for LNG tankers, in an IPO that could value GTT at up to $2.4 billion, sources close to the companies said. Continued...