Deals of the day- Mergers and acquisitions

Mon Jun 23, 2014 5:00pm EDT
 
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(Adds Shire, Banco Popular, Nibe, SNC Lavalin Group)

June 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Shire Plc flagged the promise of existing and new drugs on Monday as evidence that AbbVie's $46 billion offer undervalued the company, the latest British firm to be targeted by a U.S. group seeking lower taxes.

** Allergan Inc advised investors not to sell their shares to Valeant Pharmaceuticals International which launched a hostile takeover offer for the California-based Botox maker last week, saying it was "grossly inadequate."

** Oracle Corp said it would buy Micros Systems in a $5.3 billion deal to expand its offerings for the hospitality and retail industries. The offer of $68 per share represents a premium of 3.4 percent to Micros' Friday close.

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