Deals of the day -- mergers and acquisitions

Tue Nov 27, 2012 6:01am EST
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Nov 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday:

** Brazil's state-led oil company Petrobras agreed to sell its 40 percent stake in the Santos Basin's BS-4 concession to OGX Petróleo e Gás Participações S.A. for $270 million, according to a securities filing on Monday.

** The chief executive of wireless hotspot provider ICOA Inc said his company has never had acquisition talks with Google Inc, and is contacting authorities about a "hoax" press release on Monday that said Google bought his company for $400 million.

** Lehman Brothers Holdings Inc agreed to sell property group Archstone to two real estate investment trusts for about $6.5 billion, taking advantage of a strong market for apartments and marking an end to a 2007 gamble that helped push the investment bank into bankruptcy.

The buyers, Equity Residential and AvalonBay Communities Inc, will split the assets 60-40 and will also take on Archstone's debt, for a total transaction value of $16 billion.