Deals of the day-Mergers and acquisitions

Tue Jul 7, 2015 6:12am EDT
 
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July 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** A South Korean court denied an injunction request by a U.S. hedge fund trying to block builder Samsung C&T Corp from selling treasury shares to ally KCC Corp , clearing another hurdle for a proposed $8 billion merger of Samsung Group firms.

** Saudi Arabia's Sadara Basic Services said its parent firm signed a 14.13 billion riyal ($3.77 billion) deal with Saudi Electricity Company to supply electric power to its chemicals complex in Jubail Industrial City.

** Monstanto Chief Executive Hugh Grant had held "very constructive" talks with Syngenta shareholders and reiterated to a Swiss newspaper it could raise its $45 billion offer for the Swiss group under certain conditions.

** Private equity firm KKR & Co has re-entered the list of eligible bidders for Tesco's South Korean business after offering to increase its bid price, the Korea Economic Daily reported.   Continued...