Deals of the day -- mergers and acquisitions

Fri Dec 7, 2012 4:08pm EST
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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...