Deals of the day- Mergers and acquisitions

Fri Jan 30, 2015 9:15am EST
 
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Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1415 GMT on Friday:

** India received bids worth about 240 billion rupees ($3.87 billion) for the sale of a 10 percent stake in state-run Coal India Ltd, a senior government official said, citing preliminary data.

** Hedge fund mogul Bill Ackman is ready to make a new bet, not on a stock this time but a startup hedge fund, Clearfield Capital Management.

Ackman, who runs $18 billion Pershing Square Capital Management, told investors on Thursday he planned to make his biggest ever commitment to an outside hedge fund.

** Texas-based oil company Harvest Natural Resources Inc said on Thursday its affiliates have withdrawn a request for arbitration against Venezuela for blocking the sale of the company's stake in an oil project in the country.

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