UPDATE 3-Deals of the day -- mergers and acquisitions

** Poland sold a 3 percent stake in the country's No. 2 bank Pekao BAPE.WA for 1.08 billion zlotys ($379 million) as it collects funds to plug a budget gap, but it failed to sell its entire holding due to a high price. [ID:nL5218688]

** Toshiba Corp's (6502.T) loss-making LCD unit will invest in a joint venture in China to tap growing demand for mobile phone displays and offload equipment as it shifts its focus in Japan to high-resolution products. [ID:nT342468]

** Shree Renuka Sugars (SRES.BO), an Indian sugar refining group, might bid for a stake in Brazilian ethanol and sugar producer Grupo Moema as part of a plan to expand into Latin America's largest economy, Valor Economico newspaper reported. [ID:nN05223701]

** British insurer Standard Life (SL.L) will stay aloof from an anticipated bout of industry consolidation as it is too dissimilar from its rivals to make merging worthwhile, its chief executive Sandy Crombie said. [ID:nWLA0630]

** Technology services firm Regenersis Plc (RGS.L) said it agreed to acquire privately owned Total Repair Solutions Ltd for 6.25 million pounds to boost its presence in the mobile phone market. [ID:nBNG535770]

** British software company Servicepower Technologies Plc (SVRP.L) said it had received an offer to acquire the company, sending its shares higher, but deemed its value too low to recommend it to shareholders. [ID:nL524014]

** British sterilisation specialist PuriCore (PURI.L) said it had bought rival Misonix' (MSON.O) Labcaire unit for up to $5.6 million. [ID:nL5135304]

** Italian utility A2A (A2.MI) has to launch a takeover bid for minority shares of Montenegro's power monopoly Elektroprivreda Crne Gore (EPCG) and could reach 45 percent, a source close to the matter said. [ID:nMAT009868]

** A consortium led by private equity firm FountainVest Partners plans to buy nearly $99 million worth of convertible bonds issued by Central China Real Estate (0832.HK), sending its shares up nearly 9 percent. [ID:nHKG139923]

** Misonix Inc (MSON.O) announced the sale of its Labcaire Business for up to $5.6 million. [ID:nWNBB9156]

** Food-to-power Philippine conglomerate San Miguel Corp (SMC.PS) SMCB.PS is holding talks with foreign groups to sell a substantial stake in its liquor arm in the coming months, the company's president said. [ID:nMAN539323]

** Sunoco Logistics Partners LP (SXL.N) said it signed an agreement to acquire Michigan refined products terminal. [ID:nWNBB9613]

** Tanfield Group PLC (TAN.L) said it has entered into a licence, shareholders' agreement with its US associate, Smith Electric Vehicles (SEV US Corp). [ID:nWLA0626] (Compiled by Tina Kwan in Singapore, Brenton Cordeiro and Abhinav Sharma in Bangalore)