(Adds: TransDigm, Kuwait Finance House, Ageas, Reliance Industries, SCB X, A Updates: Swisscom)
Feb 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT, on Wednesday:
** Britain approved TransDigm's TDG.N acquisition of U.S.-based Communications & Power Industries (CPI), subject tothe condition that CPI's UK research and manufacturing capabilities in relation to atomic clocks remain in the country.
** India's top conglomerate Reliance Industries RELI.NS and Walt Disney DIS.N announced the merger of theirIndia TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation.
** Kuwait Finance House (KFH) completed a merger with Ahli United Bank of Kuwait (AUB), Kuwait's state news agencyreported .
** Belgium-based insurer Ageas AGES.BR proposed to buy Direct Line Insurance DLGD.L for about 3.1 billion pounds($3.92 billion) , in a bid to expand its UK business, sending shares in the British motor insurer up 28%.
** SCB X SCB.BK , Thailand's fourth-largest bank by assets, will acquire consumer finance firm Home Credit Vietnamfor 31 billion baht ($860 million), it said , the latest Thai lender to expand in Southeast Asia.
** Swisscom SCMN.S said it was in exclusive talks to buy all of Vodafone Italia for 8 billion euros ($8.7 billion) tomerge the business with its Italian subsidiary Fastweb.
** Japanese retailer Aeon 8267.T and drugstore chains Tsuruha 3391.T and Welcia 3141.T said they will merge their businesses by 2027 to form Japan's largest pharmacy.
** China's state-owned Chongqing Changan Automobile Co Ltd 000625.SZ is in talks to take over struggling Chinese electric vehicle maker Human Horizons, financial news outlet Yicai reported, citing Changan Chairman Zhu Huarong.
** China's CDH Investments is in advanced talks to buy a minority stake in Bach Hoa Xanh (BHX) from Vietnam retailer Mobile World MWG.HM in a deal that could value the grocery chain at up to $1.7 billion, two sources with direct knowledge said.
** Shares of employment services firm APM Human Services International (APM) surged after private equity firm CVC Asia Pacific improved its buyout bid, valuing the company at A$1.83 billion ($1.20 billion).
** Kroger KR.N and Albertsons ACI.N have turned to seasoned Washington, D.C., antitrust lawyers to battle the U.S. Federal Trade Commission's new lawsuit seeking to block the supermarket giants' planned $25 billion merger.
** Hess HES.N said on Tuesday that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron CVX.N and it remains "fully committed" to the deal.
(Adds: TransDigm, Kuwait Finance House, Ageas, Reliance...
Add to My Watchlist
What is My Watchlist?