Deals of the day- Mergers and acquisitions
(Adds Turquoise Hill Resources)
May 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** German industrial firm Siemens plans to keep most of its 13 underperforming businesses for now and will try to sell a handful of "marginal" operations, a source with direct knowledge of the matter told Reuters.
** Spanish infrastructure group Abertis said on Friday it was launching an offer to buy out the listed shares in its Brazilian motorways operator Arteris, alongside its partner, a unit of Canada's Brookfield Asset Management.
** Top oil firms Royal Dutch Shell and Total are bringing their refining and trading operations closer together, seeking alternative ways to drive profits as oil prices fall and independent trading houses expand into their territory.