UPDATE 2-Deals of the day -- mergers and acquisitions
(Adds National City, Dowgate Capital and others)
Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/]
** PNC Financial Services Group Inc (PNC.N) agreed to buy ailing National City Corp NCC.N in a government-supported $5.6 billion deal that will rescue the Ohio-based lender and create the No. 5 U.S. bank by deposits. To read more, please double click on [ID:nN24512798]
** General Motors Corp GM.N has intensified talks to buy Chrysler LLC's auto operations from Cerberus Capital Management in a deal that would also involve a transfer of ownership of GMAC, people familiar with the talks said. [ID:nNLO252013]
* Chrysler LLC said on Friday that it had received multiple bids on its Viper sports car business and was reviewing the offers. [ID:nN24529071]
** British Stockbroker Daniel Stewart Securities Plc (DAN.L) said on Friday that preliminary takeover talks with financial services group Dowgate Capital Plc DGT.L had ended. [ID:nBNG352585]
** Activist investor Laxey Partners Ltd has bought an initial 9.75 percent stake in The Real Hotel Co Plc TRHO.L, according to a filing to the London Stock Exchange. [ID:nBNG391174]
** Dutch competition watchdog NMa said it has approved BNP Paribas (BNPP.PA) buying a 35 percent stake in Anglo-Dutch private bank Insinger de Beaufort. [ID:nLO394979]
** Finland said it was ready to buy shares in Finnish companies in the coming years, and expects a deal to snap up at least 5 percent of telecom operator Elisa (ELI1V.HE) by the beginning of December. [ID:nLO620385]
** Vietnam's state oil monopoly group Petrovietnam has acquired a 20 percent stake in Ocean Bank for 400 billion dong ($24.2 million), the bank chairman said. [ID:nHAN409357] (Compiled by Tina Kwan in Singapore; Shrutika Verma and Anurag Kotoky in Bangalore)
