Deals of the day-mergers and acquisitions

Fri Jul 12, 2013 4:30pm EDT
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July 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** US Airways Group Inc shareholders approved the carrier's plan to merge with AMR Corp's American Airlines, clearing another hurdle to the deal that would create the world's largest carrier.

The $11 billion merger deal was announced in February and the companies expect to complete it by the end of September, said Parker, who will be chief executive of the new American Airlines, which will be based in Texas.

** Britain will start selling its shares in Lloyds Banking Group to pension funds and insurers later this year, rejecting interest from private equity and sovereign wealth funds, industry and political sources said.

The sale will take the form of an "accelerated book build" in which up to 10 percent of shares in the bank would be sold to financial institutions over a period of one or two days, raising between 4 billion pounds ($6.1 billion)and 5 billion.