Deals of the day- Mergers and acquisitions

Tue Jun 2, 2015 4:00pm EDT
 
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(Adds Jiangsu Hongda New Material, Bpifrance, AstraZeneca, Porr )

June 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** China's Jiangsu Hongda New Material Co Ltd will acquire Chinese display advertising company Focus Media for 45.7 billion yuan ($7.37 billion) via an asset swap, cash and share issue deal, paving the way for Focus Media's backdoor listing in China.

** The French government's Bpifrance sovereign wealth fund could take a stake of between 10 percent and 30 percent in Verallia as part of a sale of the European glass bottle maker by Saint-Gobain, a source familiar with the matter said, confirming a report by Le Monde.

** AstraZeneca Plc would consider acquiring a developer of a new type of cancer therapy aimed at supercharging the body's immune response, Bloomberg quoted Chief Executive Pascal Soriot as saying on Tuesday.

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