Deals of the day- Mergers and acquisitions

Fri May 30, 2014 4:03pm EDT
 
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(Adds Valeant Pharma, Forest Labs, Bilfinger, Shire, EDF, Salini Impregilo, Catterton Partners; updates TPAO)

May 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Former Microsoft Corp CEO Steve Ballmer has purchased the NBA's Los Angeles Clippers franchise for $2 billion, a record for a professional basketball team, sole trustee Shelly Sterling announced.

** Shares in Tiger Airways Ltd surged as much as 21 percent to a seven-month high on Friday on what traders said was speculation that its largest shareholder, Singapore Airlines Ltd, was planning to increase its stake in the loss-making carrier.

** Valeant Pharmaceuticals International Inc said it would increase the cash component in its takeover bid for Botox-maker Allergan Inc for the second time this week, contingent on the two sides negotiating. Valeant said it would pay $72 in cash - up from $58.30 on Wednesday - and 0.83 share of Valeant stock for each Allergan share.

** Turkey's state oil company TPAO signed a $1.5 billion deal on Friday to acquire French energy company Total's 10 percent stake in Azerbaijan's Shah Deniz gas project, at a signing ceremony in Istanbul.   Continued...