Deals of the day- Mergers and acquisitions

Fri May 13, 2016 4:43pm EDT
 
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(Adds Pemex)

May 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Apple Inc has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.

** Mexico's state-owned oil company Pemex is seeking partners to operate its money-losing refineries and plans to "dilute" its ownership in the plants, even selling majority stakes, the firm's financial chief said on Friday.

** China's Fosun International Ltd is among suitors bidding for ACR Capital Holdings Pte Ltd, the owner of Singapore's biggest reinsurance firm, in a deal valued at around $1 billion, people with knowledge of the matter said.

** Drugmaker Mylan NV said it would buy Renaissance Acquisition Holdings LLC's non-sterile, topicals-focused specialty and generics business for $950 million.   Continued...