NAM namoi cotton limited

News: NAM Deals of the day-Mergers and acquisitions

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    May 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** The Italian government and Lufthansa LHAG.DE have submitted new proposals to the European Commission to try to address EU regulatory concerns over the German airline's purchase of a stake in Italy's ITA Airways.

    ** Australia's Perpetual (PPT) will be broken up, with its name sold to global investment firm KKR & Co KKR.N , in a deal worth over A$1.5 billion ($990 million), the Australian Financial Review reported.

    ** RWE RWEG.DE , Germany's biggest electricity producer, is considering options for its minority stake in Amprion, one of Germany's four high-voltage power transmission networks, the company said, potentially paving the way for a sale.

    ** Shares in Spanish bank BBVA BBVA.MC rose as much as 1.9% morning after Sabadell SABE.MC rejected what it described as an unsolicited takeover proposal from BBVA.

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    	** The Philippines' largest telecommunications group PLDT 
    

    TEL.PS is in talks to sell up to 49% of its data centre business to Japan's Nippon Telegraph and Telephone (NTT) 9432.T , PLDT Chairman Manuel Pangilinan told Reuters.

    ** Dutch global commodity merchant Louis Dreyfus Company (LDC) has raised the ante on an international bidding war for Australia's Namoi Cotton NAMAX by sweetening its offer price marginally above that of rival suitor Olam Agri IPO-OLAA.SI .

    ** Apple AAPL.O cofounder Steve Wozniak's space data startup, Privateer, has raised $56.5 million and also acquired the analytics firm Orbital Insight, a merger that will add mapping and intelligence services to Privateer's space data offerings, Privateer's CEO told Reuters.

 
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