Deals of the day-Mergers and acquisitions

Fri Apr 15, 2016 4:00pm EDT
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(Adds HNA Group, Fiat Chrysler)

April 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Valeant Pharmaceuticals International Inc has brought in investment banks to review its options amid interest from buyout firms and other companies in a number of its businesses, according to people familiar with the matter.

** Tata Steel Ltd has hired a team of Standard Chartered Plc bankers to help sell its loss-making UK business amid Britain's attempt to prevent the closure of one of it's biggest manufacturing operations, a source familiar with the matter said.

** Mitel Networks Corp said on Friday it would buy fellow voice and telephony gear maker Polycom Inc for about $1.96 billion in cash and stock, satisfying a demand from activist investor Elliott Management.

** Toyota, Volkswagen and Ford are the only remaining potential merger candidates for Fiat Chrysler, since its attempt to join up with GM was rebuffed, Chief Executive Sergio Marchionne said on Friday.

** Chinese conglomerate HNA Group has agreed to buy British bureau-de-change operator International Currency Exchange (ICE), the companies said on Friday, the latest takeover in a European investment spree aimed at expanding outside Asia.

** Germany's biggest steelmaker Thyssenkrupp wants to play a role in any consolidation of the European steel market, which is afflicted by excess production capacity and a weak demand outlook, Chief Executive Heinrich Hiesinger said.   Continued...