Deals of the day- Mergers and acquisitions
May 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1040 GMT on Tuesday:
** Hewlett-Packard Co has agreed to sell a controlling 51 percent stake in its China-based data-networking business, estimated to be worth more than $2 billion, to Tsinghua Unigroup, a spokesperson for the Chinese private equity fund's parent company said on Tuesday.
** Deutsche Telekom has agreed to buy the 49 percent of Slovak Telekom it does not already own for 900 million euros ($1.00 billion) from Slovakia's National Property Fund.
** Philippine conglomerates San Miguel Corp and Metro Pacific Investments Corp have formally submitted bids for a 35.4-billion-peso ($795 million) state contract to develop and operate a toll road project south of Manila.
** Continental AG has bought Elektrobit Oyj's automotive division for 600 million euros ($677 million) to meet growing demand for electronics and safety technology. Continued...