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Company News

Deals of the day-Mergers and acquisitions

(Updates Uber; Adds AMS, Sina)

July 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Austrian sensor producer AMS, gained unconditional EU antitrust approval for its 4.6-billion-euro ($5.2 billion) acquisition of German lighting group Osram , its biggest ever deal.

** Sina Corp, the owner of social media platform Weibo, said it had received a go-private offer of $41 per share in cash from a holding company led by Chief Executive Officer Charles Chao.

** Uber Technologies Inc said it would acquire Postmates Inc for $2.65 billion to expand its food delivery market share and significantly increase the business of supplying everyday goods at a time when the coronavirus has pummeled its core ride-hailing service.

** Berkshire Hathaway Inc said its energy unit will buy Dominion Energy Inc’s natural gas transmission and storage network for $4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate’s cash pile while letting Dominion focus on utilities operations.

** UK-based RockRose Energy Plc said it had agreed to be bought by privately held energy firm Vairo Energy in a deal valuing it at 247.6 million pounds ($309.08 million), as the industry consolidates in the face of the coronavirus crisis.

** Maersk said it had agreed to buy Sweden-based customs broker KGH Customs Services for 2.6 billion Swedish crowns ($281 million), as the container shipping group seeks to expand its end-to-end logistics services.

** Nordic banking group Nordea said it has agreed to acquire the occupational and individual pension portfolios from Frende Livsforsikring AS for an undisclosed sum.

** Britain’s Cineworld said it plans to make a counter-claim against Cineplex for damages and losses following a failed acquisition.

Compiled by Sanjana Shivdas and Shanti S Nair in Bengaluru

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