News: PAC Deals of the day-Mergers and acquisitions

Nov 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday

: 
	** Britain's Hotel Chocolat  HOTC.L  agreed to a 534 million 

pound ($662 million) takeover offer from Mars Inc, as the specialist chocolatier succumbs to the U.S. food giant to help it grow internationally, netting its founders a tidy profit.

** Sime Darby Bhd SIME.KL has obtained shareholders' approval to acquire automotive-to-manufacturing company UMW Holdings Bhd UMWS.KL , the Malaysian conglomerate said in a statement.

** Shareholders in Japan's Asahi Group Holdings 2502.T will sell some $1.3 billion worth of stock in the brewer to overseas investors, the company said, in the latest unwinding of cross-shareholdings among big Japanese firms.

** A reverse takeover deal involving Amigo Holdings AMGO.L , Craven House Capital and various individuals signed last month has been terminated, the British subprime lender said as it faces voluntary liquidation.

** Norwegian telecoms operator Telenor TEL.OL said it has agreed to sell its subsidiary Telenor Satellite to government-owned Space Norway for 2.36 billion Norwegian crowns ($217.37 million).

** Commonwealth Bank of Australia (CBA) (CBA) said it will sell its 99% stake in Indonesian unit PT Bank Commonwealth (PTBC) to Singapore's OCBC OCBC.SI , exiting a non-core business after more than two decades.

** Hong Kong-based Oasis Management could go to court to seek a higher price for trading house Itochu's 8001.T $2.7 billion acquisition of a subsidiary through a so-called appraisal process, the founder of the activist fund said Thursday.

** Australia's Pacific Current Group (PAC) has ended buyout talks with GQG Partners (GQG) and River Capital, saying it did not receive any binding offers from the suitors.

** Karoon Energy (KAR) announced deals worth $720 million to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia.

** Italy's state-controlled defence and aerospace group Leonardo LDOF.MI on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS DRS.O on the market.

** EQS Group AG EQSn.DE said on Wednesday it is in advanced talks with U.S. private equity firm Thoma Bravo regarding a takeover of the Frankfurt-listed company.

** Photoshop maker Adobe ADBE.O expects to get an EU antitrust warning on its $20 billion bid for cloud-based designer platform Figma and is open to proposing remedies to resolve regulatory concerns, its chief counsel told Reuters on Wednesda

** Canadian businessman Pierre Lassonde on Wednesday said he is "mystified" by Teck Resources' TECKb.TO decision to sell its coal unit to a Glencore-led GLEN.L consortium for $9 billion because his group had bid the same price.