Deals of the day- Mergers and acquisitions

Fri Sep 12, 2014 6:33am EDT
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Sept 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** Credit card processor Alliance Data Systems Corp said it would buy Conversant Inc for about $2.3 billion in cash and stock to boost its digital marketing business.

** Danish unlisted energy firm Danfoss A/S has offered to buy Finnish electric drive maker Vacon Oyj for about 1.04 billion euros ($1.34 billion), the companies said on Friday.

** Norwegian energy firm Statoil ASA has sold a string of assets to BASF SE subsidiary Wintershall for $1.3 billion on Friday, freeing cash to fund developments that have drained its cash flow in recent years.

** Australian industry standards firm SAI Global Ltd extended on Friday a self-imposed deadline for parties interested in making a takeover bid, in a sign it is struggling to attract a compelling offer. SAI said in May that it would open its books for parties to conduct due diligence with a view to a takeover after Australian private equity firm Pacific Equity Partners made a A$1.1 billion ($997.4 million) indicative offer.   Continued...