Deals of the day- Mergers and acquisitions

Tue Aug 30, 2016 6:01am EDT
 
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Aug 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Tokio Marine Holdings Inc is in exclusive talks to buy RHB Bank's general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer's products through the Malaysian lender, people familiar with the matter told Reuters.

** The Philippines' Court of Appeals said it has halted the competition regulator's review of a $1.5 billion deal that could strengthen the duopoly of the country's two biggest telecom firms, PLDT Inc and Globe Telecom Inc to buy San Miguel Corp out of the sector.

** China Evergrande Group said it used proceeds from home sales to buy shares in larger rival China Vanke , which is at the center of a rare public Chinese boardroom spat.

** A merger of troubled South Korean shipper Hanjin Shipping Co Ltd and Hyundai Merchant Marine Co Ltd is impossible at present, Yonhap news agency on Tuesday quoted the head of the country's financial regulator as saying.

  Continued...