Deals of the day -- mergers and acquisitions

Fri Dec 28, 2012 4:15pm EST
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Dec 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2115 GMT on Friday:

** China's CNOOC Ltd said it expects its $15.1 billion takeover of Canadian oil and gas producer Nexen Inc to close in the first quarter of 2013 at the earliest, a move that could be aimed at giving U.S. regulators more time to approve a sensitive aspect of the deal.

** News Corp said it bought SportsTime Ohio, a Cleveland-based regional sports network that broadcasts Cleveland Indians baseball games. The company did not disclose financial details.

** Polish oil refiner PKN Orlen has sold some of its so-called mandatory oil stocks to Royal Bank of Scotland for $383 million, freeing up funds for the company's energy and shale gas exploration projects.