Deals of the day-Mergers and acquisitions

Thu Dec 17, 2015 4:00pm EST
 
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(Adds MPI, PSP investments, Anheuser-Busch)

Dec 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** French oil exploration holding company MPI's proposed takeover by former parent Maurel & Prom was approved by MPI shareholders on Thursday, despite the objections of a minority.

** A joint venture between Canadian pension fund PSP Investments and the Abu Dhabi Investment Authority has acquired a portfolio of U.S. industrial properties from Exeter Property Group for $3.15 billion, the buyers said.

** Anheuser-Busch InBev, which has agreed to buy rival brewer SABMiller, plans to contact potential bidders for SABMiller's Grolsch and Peroni beers on Friday and wrap up deals in less than three months, sources close to the process said.

** Avon Products Inc said it had agreed to sell 80.1 percent of its North America business to private equity firm Cerberus Capital Management LP for $170 million. Cerberus will also invest $435 million for a 16.6 percent stake in the direct-seller of cosmetics in a deal that values Avon at about $2.5 billion.   Continued...