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

** U.S. owner of warehouses and distribution centers ProLogis (PLD.N) said late on Wednesday it is in merger talks with rival AMB Property Corp AMB.N. [ID:nSGE70Q024]

** Moelis & Co, the 3-year old investment bank founded by veteran dealmaker Ken Moelis, announced its Asia launch on Thursday with the purchase of a local boutique advisor, a move likely to heat up the already intense war for banking talent in the region. [ID:nL3E7CR0I7]

** A proxy battle for control of Genzyme GENZ.O is unlikely, given the progress being made in discussions with Sanofi-Aventis (SASY.PA), the U.S. biotech group's chief executive said on Thursday. [ID:nLDE70Q0XW]

** China Huanqiu Contracting & Engineering Corp, an engineering unit of CNPC, agreed on Thursday to buy a 19.9 percent stake in Australia's Liquefied Natural Gas Ltd (LNG.AX), a specialist in mid-scale LNG projects. [ID:nL3E7CR0RT]

** Oil firm Cairn Energy (CNE.L) is planning to drill up to four wells in Greenland this year and said it expects a deal to sell a stake in its Indian unit to conclude by April, allowing it to focus on Arctic exploration. [ID:nLDE70P2CR]

** British business services group Mouchel (MCHL.L) on Thursday said it had refinanced its banking facilities ahead of schedule and that it was still reviewing its options about a possible takeover of the company. [ID:nLDE70Q0AL]

** Top Australian insurer QBE Insurance Group (QBE.AX) has agreed to buy the Australian arm of U.S. insurer CUNA Mutual Group for an undisclosed sum. [ID:nSDYQCE74H]

** Taiwanese components maker Hon Hai Precision Industry Co Ltd (2317.TW) ditched a plan to buy a stake in a cell maker and analysts said it would be better off seeking a higher value target in the booming solar tech business. [ID:nTOE70Q017]

** Sara Lee Corp (SLE.N) plans to split its meat and coffee businesses rather than sell the company as a whole, a source familiar with the situation said on Thursday. [ID:nN27187213] (Compiled by Tina Kwan in Singapore,Swetha Gopinath and Amruta Sabnis in Bangalore)