Deals of the day- Mergers and acquisitions

Mon Oct 28, 2013 4:01pm EDT
 
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Oct 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** G4S said it rejected a 1.55 billion pound ($2.5 billion) offer for its cash solutions business from British private equity group Charterhouse Capital Partners, saying the bid undervalued the unit. The company, the world's largest security services firm, said the nature and timing of the non-binding offer, which was made by the group on Oct. 22, was "highly opportunistic".

** German business software group SAP is not interested in bidding for troubled smartphone maker Blackberry , its chief financial officer told a German magazine. "Blackberry doesn't fit with our strategy," Werner Brandt told Euro am Sonntag in an interview.

** Russian state-owned diamond miner Alrosa expects to raise $1.3 billion in a share sale, a figure at the bottom of a previously announced range, in a government privatization drive that has been hit by delays and weak investor sentiment. Market sources said U.S. investors, including asset management group Lazard, were the biggest buyers of the shares, purchasing up to 60 percent of the 14 percent stake in Alrosa.

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