News: SIG Deals of the day-Mergers and acquisitions

(Adds: Hollysys Automation Technologies, Occidental Petroleum)

Dec 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

		** Hollysys Automation Technologies  HOLI.F  said it has 
reached an agreement to be acquired by Hong Kong-based Ascendent 

Capital in an all-cash transaction valued at about $1.66 billion.

		** Occidental Petroleum  OXY.N  said it would buy energy 
producer CrownRock in a cash-and-stock deal valued at $12 

billion including debt, expanding in the lucrative Permian basin.

** Middle East alternative investment firm Investcorp has acquired a 50% stake in the $4.8 billion infrastructure business of U.S. firm Corsair Capital, the two companies announced.

** Norway's Schibsted SCHA.OL said it has made a non-binding agreement worth 6.2 billion crowns ($568 million) to sell its news media operations to its main owner Tinius Trust, splitting the group into two companies.

** An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy's M.N private, according to a person familiar with the matter on Sunday.

** Australia's Sigma Healthcare (SIG) said it would merge with privately owned pharmacy giant Chemist Warehouse Group to create a A$8.8 billion ($5.79 billion) entity.

** U.S. health insurer Cigna CI.N has ended its attempt to negotiate an acquisition of rival Humana HUM.N after the pair failed to agree on price, two sources familiar with the situation said on Sunday, as the company announced plans to buy back $10 billion worth of shares.

** Israeli insurer and financial firm Phoenix Holdings PHOE1.TA said on Sunday it had agreed to buy the mutual fund activity from Psagot Mutual Funds GPST.TA for as much as 175 million shekels ($47 million).