September 9, 2015 / 9:59 AM / in 3 years

Deals of the day- Mergers and acquisitions

(Adds Quebecor Media, Guinness Nigeria, Metropolis Healthcare, Yara, Gerard Darel; updates Manulife, Amplats)

Sept 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Aerojet Rocketdyne Holdings Inc submitted a $2 cash billion offer to buy United Launch Alliance (ULA), a satellite launch provider jointly held by Lockheed Martin Corp and Boeing Co, sources familiar with the matter said, a deal that would further consolidate the space business.

** Telecommunications provider and publisher Quebecor Media Inc, a unit of Quebecor Inc, said it had bought 28.6 percent of Caisse de dépôt et placement du Québec’s stake in the company for C$500 million ($377 million).

** Canadian insurer Manulife Financial Corp is nearing a deal to buy British bank Standard Chartered’s Hong Kong pension business for about $400 million in an attempt to narrow the gap with its leading rival, people familiar with the matter said.

** Canada’s Bombardier has turned down a Chinese offer to buy up to 100 percent of its prized rail unit, documents seen by Reuters show, underscoring its reluctance to cede control of the unit to a state-owned Chinese buyer at this juncture.

** German lighting group Osram has agreed to sell its 13.5 percent stake in China’s Foshan Electrical and Lighting for more than 350 million euros ($390 million), a premium of about 30 percent to its market value.

** Turkey’s Renaissance Construction said it would slash its takeover offer for Ballast Nedam by 80 percent after the Dutch builder issued a new profit warning.

** Anglo American Platinum (Amplats) has sold its labour-intensive South African mine to bullion producer Sibanye Gold SGLJ.J for 4.5 billion rand ($331 million) to focus on newer and more mechanised sites.

** Guinness Nigeria said parent firm Diageo Plc has declared its intention to make an offer to increase its stake in the local brewer to 70 percent from 54.3 percent through a partial tender to existing shareholders.

** A unit of Carlyle Group LP has bought a stake in Metropolis Healthcare Ltd, an India-based global operator of pathology laboratories, for an undisclosed sum, according to a statement from the U.S. private equity firm.

** Norway’s Yara will continue to seek mergers and acquisitions, new chief executive Svein Tore Holsether told Reuters in his first interview as head of the world’s largest producer of nitrogen fertilisers.

** Four potential buyers, including U.S investment fund KKR , have made offers to buy struggling French fashion group Gerard Darel, Le Figaro newspaper said.

** Polish chemicals maker Synthos may submit an offer to buy the troubled state-run Brzeszcze coal mine, Michal Solowow, Synthos major shareholder said.

** The family owners of German shoe chain Reno are seeking to find a buyer for the company by the end of the year, Chief Executive and co-owner Matthias Haendle told Reuters.

** Indonesia’s largest telecoms firm PT Telekomunikasi Indonesia (Telkom) Tbk said it was scrapping a share-swap deal that would have given a 49 percent stake in the state-controlled company’s tower operator unit to PT Tower Bersama Infrastructure Tbk. ($1 = 13.60 rand) ($1 = 0.90 euros) ($1 = 1.32 Canadian dollars) (Compiled by Kshitiz Goliya in Bengaluru)

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