Deals of the day- Mergers and acquisitions

Thu May 8, 2014 3:57pm EDT
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(Adds STX Offshore, Liberty Media, Liberty Global, Clayton Dubilier, Toshiba, Valeant, Ascometal, Canal Plus, Standard Bank, updates Lundbeck, Ripplewood, Telefonica, Freeport)

May 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Suntory Holdings Ltd aims to raise about 800 billion yen ($7.87 billion) in debt to finance its purchase of U.S. spirits company Beam Inc, Japan's third-biggest outbound deal ever, people familiar with the situation said.

** Italy's Cassa Depositi e Prestiti (CDP) is confident it will be able to sell by the summer a minority stake in its energy grid unit CDP Reti, a move that analysts say could fetch the state-backed lender up to 3 billion euros ($4.18 billion).

** Companies controlled by Li Ka-shing have launched an unsolicited $1.8 billion takeover offer to other shareholders in Australian gas distributor Envestra Ltd, trumping a rival bid as Asia's richest man continues to expand his business interests abroad in a quest for growth.

Cheung Kong Infrastructure (Holdings), which already has a 17.46 percent stake in Envestra, is teaming up with Li's other companies Cheung Kong (Holdings) and Power Assets Holdings to buy the remaining shares.   Continued...