Deals of the day -- mergers and acquisitions
July 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
** Hutchison Whampoa Ltd is losing patience with Telecom Italia SpA over lack of progress on a proposed merger of their Italian mobile phone units, people familiar with the talks said, casting doubt on prospects for a deal.
** U.S. chemicals group Rockwood Holdings Inc has revived efforts to hive off its titanium dioxide unit and is in talks with prospective buyer Huntsman Corp, two people familiar with the matter said. Last month other sources said Rockwood had cancelled a combined auction of its titanium dioxide and performance additives units after failing to attract the offers, of between $1.5 billion and $2 billion, that it was seeking from private equity groups.
** The U.S. Federal Trade Commission said on Monday it had filed a complaint aimed at stopping Ireland's Ardagh Group S.A.'s proposed $1.7 billion acquisition of a unit of France's Saint-Gobain that makes glass containers for the U.S. market.