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

(Adds Encana, EDF and others)

Oct 15 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Wednesday. (For Reuters columns on deals, click on [DEALTALK\] )

** Aon Corp (AOC.N) said it agreed to sell its Auto Insurance Specialist Management Group unit to auto and home insurer Mercury Insurance Group (MCY.N) for $120 million in cash as part of its restructuring plans.

To read more, please double click on [ID:nBNG23240]

** EnCana Corp (ECA.TO) said global market turmoil has forced it to delay plans to split into natural gas and oil sands arms and that it would wait until markets calm before revisiting the idea. [nN15291085]

** French mutual banks Banque Populaire and Caisse d'Epargne will each put assets of some 5 billion euros ($6.83 billion) into their planned merger, with a deal expected to be signed in two to three weeks, a source close to the negotiations told Reuters on Wednesday. [nLF251785]

** GlaxoSmithKline Plc (GSK.L) is buying the Egyptian mature products business of Bristol-Myers Squibb Co (BMY.N) for $210 million, to extend the British drug company's recent expansion into emerging markets. [ID:nLF3604]

** Hedge fund Elliott Associates LP on Wednesday took its $529 million cash offer for Epicor Software Corp (EPIC.O) directly to shareholders, two days after it was snubbed by the business software maker's board. [nBNG397251]

** Dutch financial group Rabobank [RABN.UL] has offered to buy the remaining 37 percent stake in Bank BGZ from Poland's treasury, which is considering the offer, a deputy minister said on Wednesday. [ID:nLF492185]

** French state-controlled electricity giant EDF (EDF.PA) said on Wednesday it had dropped plans to table a new bid for Constellation Energy as the credit crisis has made corporate financing more difficult to obtain. [ID:nLF466487]

** Piraeus Bank (BOPr.AT), Greece's fourth-largest lender, said it will offer to buy all of Proton Bank's (PRBr.AT) shares at the same share-swap ratio offered to Proton's main shareholders. [ID:nLF692796]

** Italy's Finmeccanica SpA (SIFI.MI) has received final U.S. government approval for its $4 billion acquisition of DRS Technologies Inc DRS.N, a maker of military engineering and electronics products, the companies said on Wednesday. [nN15325244]

** U.S. private equity firm Ripplewood Holdings and a Russian investor have made bids for South Korean appliance and TV maker Daewoo Electronics, put up for sale for the third time, a leading creditor for Daewoo said. [ID:nSEO248860]

** Dubai's Zabeel Investments, which last year tried to buy Liverpool, hopes to complete a deal to acquire Charlton Athletic soon, an executive said on Wednesday. [ID:nLF54435] (Compiled by Tina Kwan in Singapore, Mary Meyase and Kuganandhan Paramanandan in Bangalore)