News: PSI Deals of the day-Mergers and acquisitions

(Adds: PlayAGS, Sony Group, Fincantieri Updates: BBVA, Blackstone)

May 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

		** Gaming equipment supplier PlayAGS  AGS.N  said it 
would be acquired by affiliates of Brightstar Capital Partners 

in a roughly $1.1 billion deal.

		** Spanish bank BBVA  BBVA.MC  launched a hostile 12.23 
billion euro ($13.1 billion) all-share takeover bid for Sabadell 

SABE.MC in a surprise move that triggered immediate opposition from the government.

		** Sony Group  6758.T  and other parties are considering 
buying online comic store operator Infocom Corp  4348.T  in a 

deal worth up to 200 billion yen ($1.28 billion), Bloomberg News reported.

** Italian shipbuilder Fincantieri FCT.MI is set to buy Leonardo's LDOF.MI submarine business, known as Whitehead Alenia Sistemi Subacquei (WASS), in a deal expected to be announced later in the day, two sources close to the situation said.

		** Blackstone looked set to clinch its $1.57 billion 
deal for Hipgnosis Songs Fund after Apollo-backed Concord said 

it would stick with its lower bid for the music rights owner of artists such as Shakira and Red Hot Chili Peppers.

** SoftBank 9434.T CEO Junichi Miyakawa said that the Japanese telecommunications firm is in talks with South Korea's Naver 035420.KS over control of LY Corp 4689.T , which operates the popular messaging app Line.

** Japan's top steelmaker, Nippon Steel 5401.T , is sticking to its plan to close a deal by year-end to buy U.S. Steel X.N , which it expects to boost output and profits, the company said, despite resistance to the transaction in the U.S.

** British oilfield services and engineering firm John Wood Group WG.L rejected a potential 1.42 billion pound ($1.77 billion) buyout proposal from Dubai-based firm Sidara on Wednesday, saying it "undervalued Wood and its future prospects".

** Shares of PSC Insurance Group (PSI) rose to a record high after UK-based broking business Ardonagh Group agreed to buy the Australian company in a deal valuing it at A$2.26 billion ($1.49 billion) amid rising confidence in the sector.

** Occidental Petroleum OXY.N hopes to close its acquisition of shale oil producer CrownRock before its second-quarter earnings call, CEO Vicki Hollub said on Wednesday. The event typically falls in early August.