Deals of the day -- mergers and acquisitions
Dec 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:
** U.S. Airways Group Inc has made a formal merger proposal to American Airlines parent AMR Corp that could value the combined airline at around $8.5 billion, a source familiar with the situation said.
** Glencore International Plc won approval from China's Ministry of Commerce for its C$6 billion ($6 billion) purchase of Canadian grain handler Viterra Inc, clearing the last regulatory hurdle for the long-delayed deal.
** Canadian grain-handler Richardson International Ltd expects to get Competition Bureau approval for its purchase of some Viterra Inc assets by the end of the year, Richardson President Curt Vossen told Reuters.
** A group of Chinese companies, including the Industrial and Commercial Bank of China, is in talks to buy American International Group Inc's aircraft leasing unit for about $5.5 billion, AIG said. Continued...