News: PSQ Deals of the day-Mergers and acquisitions

(Adds PDVSA, Shopee, ADNOC, Brookfield, Origin Energy, Casino, Coupang, ODP Corp, Archer-Daniels-Midland; Updates Adobe, OCI, LondonMetric)

Dec 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2200 GMT on Monday:

** Global grains merchant Archer-Daniels-Midland ADM.N said on Monday it will acquire Revela Foods, a Wisconsin-based developer and manufacturer of dairy flavor ingredients and solutions, to bolster the company's flavors portfolio.

** Venezuelan state oil company PDVSA and Spain's Repsol REP.MC on Monday signed an agreement amending the terms of their Venezuelan joint venture, aiming to ramp up its crude and gas output and accelerate debt repayment.

** E-commerce firm Shopee bought Brazilian fintech Blu's local credit arm, according to a regulatory filing on Monday, as the Singapore-based company aims to offer credit directly to customers living in Latin America's largest economy.

** The Abu Dhabi National Oil Co (ADNOC) is preparing to submit a fresh proposal of about 60 euros ($65.53) per share for Covestro AG 1COV.DE , which could value the German plastics and chemicals maker at around 11.3 billion euros, Bloomberg News reported, citing people familiar with the matter.

** Adobe ADBE.O on Monday shelved its $20 billion deal for cloud-based designer platform Figma, pointing to "no clear path" for antitrust approvals in Europe and the UK for what would have been among the biggest buyouts of a software startup.

** British landlord LondonMetric Property is in talks to merge with London-based real estate investment trust LXI LXIL.L to create a firm valued at 3.9 billion pounds ($4.94 billion), the companies said on Monday.

** Canada's Brookfield BN.TO is working to sell renewable assets owned by its company Saeta Yield worth 1.5 billion euros ($1.64 billion) including debt, according to five people with knowledge of the deal.

** Australia's Origin Energy (ORG) on Monday increased its stake in UK-based renewable energy firm Octopus Energy by 3% to 23%, by investing 280 million pounds ($354.12 million).

** French retailer Casino said on Monday it had entered into exclusive talks to sell all of its big stores to Les Mousquetaires and Auchan Retail.

** New York-listed e-commerce giant Coupang CPNG.N plans to buy Farfetch Holdings FTCH.N in a deal that will provide the struggling online luxury fashion retailer with $500 million in capital to stay in operation, the companies said in a joint statement.

** AREX Capital is urging office supply company ODP Corp ODP.O to separate its brick and mortar retail unit and sell its procurement platform Varis, arguing that splitting apart the company's businesses would boost its share price by at least 50%.

** Japan's Nippon Steel 5401.T clinched a deal to buy U.S. Steel X.N for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs CLF.N and ArcelorMittal MT.LU .

** Alteryx AYX.N said it had agreed to be acquired by private-equity firms Clearlake Capital Group and Insight Partners, in a deal valued at $4.4 billion including debt.

** Signals analytics firm HawkEye360 said it acquired Maxar's radio frequency business unit that was formed less than a year ago, adding more spectrum-scanning satellites to its fleet.

** Door maker Masonite International DOOR.N said it will acquire PGT Innovations PGTI.N , a manufacturer and supplier of windows and doors, for $3 billion in a bid to expand its business.

** India's Devyani International DEVY.NS said it will begin operating KFC outlets in Thailand after it acquired Restaurants Development Co in a deal worth $128.9 million, expected to be completed by March 2024.

** Budget hotel operator Wyndham Hotels & Resorts WH.N asked its shareholders to reject Choice Hotels CHH.N takeover offer, citing regulatory review of up to 24 months and lower valuation.

** The European Commission said that it had cleared Credit Agricole's CAGR.PA plan to buy Degroof Petercam in a deal valuing the Belgian firm at 1.5 billion euros ($1.64 billion), saying the deal did not raise any competition issues.

** OCI's OCI.AS shares jumped by almost a quarter on Monday after the Netherlands-based chemicals maker announced its second stake sale in four days and said the pair of deals would bring it $7.2 billion in tax-free cash proceeds.

** German auto supplier Schaeffler SHA_p.DE has sold its Russian business to a company called PromAvtoConsult, Russian company filings showed, the latest Western company to exit the country since Moscow's February 2022 invasion of Ukraine.

** Iliad ILD.PA said it had submitted a proposal to Vodafone VOD.L to merge their Italian units, a move that would combine its fast-growing consumer base with the British company's strength in business in a highly competitive market.

** IBM IBM.N said that it would buy Software AG's SOWGn.DE enterprise integration platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings.

** Consumer goods giant Unilever ULVR.L said it would sell Elida Beauty, its non-core beauty and personal care division, to U.S. private equity firm Yellow Wood Partners.

** Shares of Australia's Pacific Smiles Group (PSQ) rose nearly 19% and were on track for their best day in 44 months, after the dental centre operator received a A$223.4 million ($150 million) takeover offer from Genesis Capital Manager I.

** Mitsubishi UFJ Financial Group 8306.T will buy Australian pension administration firm Link Administration (LNK) in a A$1.2 billion ($802.7 million) deal, as Japan's largest banking group boosts its fund administrator business.

** Australian construction materials firm Adbri (ABC) said it is in exclusive talks with CRH CRH.N and the Barro Group for the two companies to buy shares that Barro does not already own, in a deal worth about A$2.1 billion ($1.41 billion).