Deals of the day-Mergers and acquisitions

Tue Dec 10, 2013 4:02pm EST
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Dec 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Hedge fund Elliott International is pushing U.S. drugs wholesale group McKesson to hike its $8.3 billion offer for German peer Celesio, a source close to the investor said.

** Norway's richest man has handed a chunk of his personal wealth, including his listed real estate holding company, to a charitable foundation, marking his exit from a self-built business empire.

Olav Thon, whose wealth is estimated at 27 billion crowns ($4.39 billion) by Kapital magazine, handed his 71.9 percent stake in Olav Thon Eiendomsselskap ASA to his newly created foundation, starting off the new entity with about $1.3 billion, based on the firm's market capitalisation.

** Turkey is expected to increase its 20 percent stake in the multi-billion dollar Trans-Anatolian natural gas pipeline project, designed to reduce Europe's reliance on Russian gas, Azeri state energy company SOCAR said.   Continued...