Deals of the day-Mergers and acquisitions
Oct 2 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
** Brembo BRBI.MI has sold its entire 5.6% stake in tyre maker Pirelli PIRC.MI for around 283 million euros ($313 million), a move dampening speculation about a merger between the two Italian groups.
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** Korea Zinc 010130.KS said it was making a public tender offer to buy an up to 16% stake in the company for 2.7 trillion won ($2.0 billion), seeking to fend off what it has termed as a hostile takeover attempt on the world's biggest refined zinc producer.
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** KKR KKR.N is considering a takeover bid for chip equipment maker ASMPT 0522.HK, Bloomberg News reported, citing people familiar with the matter.
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** Spain's BBVA BBVA.MC said that it had adjusted its takeover offer for Sabadell SABE.MC to take into account interim dividend payments from both lenders to shareholders in order to maintain the economic terms of the bid.
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** UK online electricals retailer AO World AO.L said it would buy the retailer of used smartphones and electronic products musicMagpie MMAG.L for about 10 million pounds ($13.3 million) to boost its mobile and consumer tech businesses.
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(Compiled by Rajarshi Roy Neil J Kanatt in Bengaluru)
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