Deals of the day- Mergers and acquisitions
(Adds Lafarge Africa, Coca-Cola, Mediclinic, Hellman & Friedman, ICAP ; Updates Suncor, General Electric, Nestle, Xchanging, Potash Corp)
Oct 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
** Activist investor Nelson Peltz's fund has bought a $2.5 billion stake in General Electric Co, adding fresh pressure on the U.S. conglomerate to pull off its plan to shift away from finance operations toward its industrial roots.
** Nestle is in "advanced discussions" to merge its international ice cream business with R&R Ice Cream, in its latest effort to refocus on other, higher-performing brands.
** Potash Corp of Saskatchewan said on Monday it had withdrawn its 7.9-billion-euro ($8.9 billion) offer for German rival K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management.
** Suncor Energy launched what could be drawn-out takeover battle for Canadian Oil Sands Ltd on Monday, a deal that could increase its stake in Alberta's massive Syncrude project and cement its position as the country's largest oil producer. Suncor's all-stock offer is valued at about C$4.3 billion ($3.29 billion) Continued...