News: BLD Deals of the day-Mergers and acquisitions

May 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** The British government has completed the sale of 1.1 billion pounds ($1.55 billion) in shares of NatWest NWG.L , lowering its stake to below 55% in the lender it bailed out over a decade ago.

** Japan's SoftBank Corp 9434.T will invest $60 million for a 23% stake in the digital analytics and artificial intelligence arm of Malaysian telecoms firm Axiata Group Bhd AXIA.KL , said two sources familiar with the matter.

** South Korea's Kakao Entertainment Corp said it was acquiring U.S.-based online comic app Tapas and serialized fiction app Radish for $510 million and $440 million, respectively.

** Australia's Boral Ltd (BLD) urged shareholders to reject a nil-premium takeover offer from diversified Australian investor Seven Group Holdings (SVW) , saying it undervalued the construction materials maker.

** Australian grocer Woolworths Group Ltd (WOW) has offered draft commitments to ensure its deal to buy two-thirds of PFD Food Services will not hurt competition in the food sector, the country's competition regulator said.

** Activist investor Caligan Partners built an 11% stake in Fluidigm Corp FLDM.O , which makes a COVID-19 test, and may urge the company to conduct a strategic review and explore a sale of one of its business units, two sources said on Monday.