Deals of the day-Mergers and acquisitions
Jan 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:
** Under terms of the accord announced in filings late on Monday, Australian office property developer Commonwealth Property Office Fund CPA's preferred bidder, a consortium led by Dexus Property Group, will sell five office buildings in Sydney and Melbourne with a combined value of about A$1.2 billion ($1.08 billion) to its rival property firm, The GPT Group.
** A.P. Moller-Maersk has agreed to sell substantial stakes in Denmark's largest retailer and a department store chain, as the shipping and oil conglomerate slims down to boost performance.
** Royal Bank of Scotland said it is selling its 94 Chicago-area retail branches and small business operations in the area to U.S. Bancorp.
** Microsoft Corp said it would buy cloud-based software maker Parature Inc, which helps businesses manage help desks and provide other customer support services. Continued...