Deals of the day -- mergers and acquisitions
Aug 5 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Tuesday.
(For Reuters columns on deals, click on [DEALTALK\]
** Orix Corp (8591.T), Japan's largest leasing company, and consumer credit firm Credit Saison (8253.T) are in merger talks, financial sources said, seeking a deal to form a finance group with $106 billion in assets. To read more, please double click on [nN04518742]
** Ping An Insurance (Group) of China (2318.HK) (601318.SS) plans to buy up to 10 percent of pharmaceutical firm Yunnan Baiyao Group (000538.SZ) in a deal that could be worth about $260 million at current market values. [nPEK270503]
** Private equity group TPG [TPG.UL] plans to study Asciano Ltd's (AIO.AX) full-year results before deciding what to do about its A$2.9 billion ($2.7 billion) takeover approach, which the Australian port and rail operator has rebuffed. [nSYD23900]
** The Panzhihua steel group, one of western China's top steel makers, will not change its previously announced merger plan, the group's three listed units said after negative rumours about the plan caused their shares to plunge. [nPEK274211]
** A Lockheed Martin Corp (LMT.N) subsidiary plans to acquire Tenix Group's interest in RLM Holdings Pty Ltd, a radar, systems engineering and integration and logistics management business, Lockheed said in a statement. [nN041602]
** Newmont Mining Corp (NEM.N) said it was considering strategic options, including a sale, for its 50 percent stake in Kalgoorlie Consolidated Gold Mines (KCGM), one of Australia's largest gold mines. [nN04510252] (Compiled by Tina Kwan in Singapore)
