Deals of the day- Mergers and acquisitions
Jan 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:
** Shanghai Jin Jiang International Hotels Development Co Ltd has agreed to acquire Europe's Groupe Du Louvre for up to 1.21 billion euros ($1.41 billion) from U.S. investment firm Starwood Capital Group, as Chinese hoteliers expand their global footprint.
** Depomed Inc said on Thursday that it had agreed to pay $1.05 billion to acquire the U.S. rights to Johnson & Johnson's Nucynta opioid pain drug franchise, giving the smaller company a new flagship product expected to significantly add to revenue and earnings.
** Target Corp's abrupt decision to withdraw from Canada is troubling news for many mall owners, as the most obvious potential buyer of property assets - Wal-Mart - is expected to cherry-pick from Target's 133 locations.
** Allergan Inc Chief Executive David Pyott is close to joining the board of directors of Actavis Plc, which reached a deal to buy the Botox maker for $66 billion in November, three people familiar with the matter said on Thursday. Continued...