Deals of the day- Mergers and acquisitions
Dec 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1800 GMT on Tuesday:
** Private equity firm Carlyle Group LP is nearing an agreement to acquire Johnson & Johnson's ortho clinical diagnostics unit, four people familiar with the matter said on Monday, in a deal expected to be worth around $4 billion.
** Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex, buying out U.S. private equity group Blackstone Group LP for around 1.7 billion pounds ($2.8 billion).
** Italian insurer Unipol said it had received an offer to buy the insurance business with 1.7 billion euros ($2.3 billion) worth of premiums which it must sell to meet conditions set by the local competition watchdog to clear its merger with peer Fondiaria-SAI.
** South Africa's state pension fund has increased its stake in Adcock Ingram Holdings Ltd to over 22 percent, putting the asset manager in a strong position to block a $1.2 billion takeover of the drugmaker by Chile's CFR Pharmaceuticals . Continued...