Deals of the day-Mergers and acquisitions
July 15 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
** Macy's M.N has ended its buyout discussions with Arkhouse Management and Brigade Capital, saying that their raised offer lacked the certainty of financing and did not provide compelling value, sending its shares down 15% in early trading.
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** Cleveland-Cliffs CLF.N said it will buy Canadian peer Stelco Holdings STLC.TO for C$3.85 billion ($2.8 billion), marking its first acquisition since a failed bid for rival U.S. Steel X.N last year.
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** Dutch company Yandex NV YNDX.O said it had finalised the divestment of its Russia-based technology assets to a consortium of Russian investors in a cash and shares deal worth around $5.4 billion.
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** European aerospace groups Airbus AIR.PA and Thales TCFP.PA are exploring a tie-up of at least part of their space activities, two industry sources said, confirming a report by French business paper La Tribune.
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** Google parent Alphabet GOOGL.O is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter said on Sunday, in a deal that would represent the technology giant's biggest acquisition ever.
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(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
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