Deals of the day- Mergers and acquisitions
Oct 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:
** Valeant Pharmaceuticals International Inc and its partner William Ackman plan to boost their offer by about $15 per share, valuing Allergan Inc at more than $190 per share, according to a person familiar with the matter.
** Global miner Anglo American Plc is planning to initiate the sale of its three smallest copper mines in Chile and a smelter worth $1 billion by end of the year, Bloomberg reported, citing sources familiar with the matter.
** India plans to raise around 50 billion rupees ($813.4 million) this fiscal year by selling stakes in companies including ITC, Larsen & Toubro and Axis Bank , a senior official with knowledge of policymakers' discussions said.
** VTB Capital, the investment arm of sanctioned Russian lender VTB Bank, has made a cash payment to secure a deal to buy most of Italian fashion house Roberto Cavalli by November, two sources familiar with the situation said. VTB Capital will buy a 70 percent stake in the Florentine company which is valued at 400 million euros ($506 million), one of the sources said, adding that the cash payment was for up to 20 million euros. Continued...