Company News

Deals of the day-Mergers and acquisitions

(Adds Alstom, Cirque du Soleil, Veon)

July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** A new telecom company in Armenia said it has won regulatory approval to buy the local unit of Veon.

** Cirque du Soleil and its secured creditors are close to reaching a agreement on a second stalking horse bid for the financially strapped entertainment group, after lenders opposed a deal with shareholders including TPG Capital and Fosun International, a Canadian court heard.

** European Union antitrust regulators have set a new deadline of July 31 to rule on Alstom’s bid for Bombardier Inc’s transport business after the French TGV high-speed train maker offered to sell assets to address competition concerns.

** Metlifecare Ltd said it has entered into a revised buyout deal with EQT AB, under which it will be bought by the Swedish private equity firm’s unit for a lower offer of NZ$1.28 billion ($838.91 million).

** Japan’s Honda Motor Co Ltd will buy a 1% stake in Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology and the two will jointly develop EV batteries, the companies said.

** Virgin Australia Holdings Ltd bondholders plan to propose to creditors a debt-to-equity swap as an alternative deal to the purchase by Bain Capital agreed by the company’s administrator, a lawyer for the bondholders said.

** Abu Dhabi’s investment fund Mubadala Investment Co is on an inside track to acquire Brazil’s second largest refinery, known as Rlam, after beating back competition from India’s Essar Group, three people close to the negotiations said. (Compiled by Sanjana Shivdas and Shanti S Nair in Bengaluru)