Deals of the day- Mergers and acquisitions

Thu Sep 12, 2013 4:00pm EDT
 
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Sept 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Britain embarked on its largest privatization in decades as the government unveiled plans to sell the majority of the near 500-year-old state-owned Royal Mail postal service. The Department for Business said a stock market flotation would take place in the coming weeks, giving the public a chance to buy into the postal network.

It said the size of the sale would depend on market conditions and analysts suggested the flotation could value Royal Mail at between 2 billion pounds and 3 billion pounds ($3-$4.7 billion).

** Michael Dell clinched shareholders' approval on Thursday for his $25 billion offer to buy and take Dell Inc private, ending months of bitter conflict with the company's largest investors and removing the uncertainty shrouding the world's No. 3 PC maker.

** Shoppers Drug Mart Corp shareholders on Thursday voted overwhelmingly in favor of Loblaw Co Ltd's C$12.4 billion ($12.02 billion) bid to buy Canada's largest pharmacy chain.   Continued...