Deals of the day-Mergers and acquisitions
Oct 16 (Reuters) -The following bids, mergers, acquisitions, and disposals were reported by 0930 GMT on Wednesday:
** Spanish bank BBVA BBVA.MC raised the impact on its capital ratio to 38 basis points after it adjusted the hostile takeover offer for its smaller rival Sabadell SABE.MC, it said in a regulatory filing to the U.S. Securities and Exchange Commission on Tuesday.nL8N3LR25Z
** MasOrange, the Spanish unit of French telecom group Orange ORAN.PA, has hired BNP Paribas to sell its stake in the fibre network it shares with Vodafone Spain, El Confidencial website reported, citing unnamed market sources.nL1N3LS07Z
** Toho Co 9602.T, the Japanese creator of the "Godzilla" movie franchise, will acquire the U.S. distributor of Studio Ghibli's famed animated films, to help drive overseas expansion, it said. nL4N3LS0C3
** Shareholders have backed plans for budget carrier AirAsia to be bought by its long-haul associate, AirAsia X AIRX.KL, paving the way for the Malaysian-based airlines to finalise their consolidation by the end of the year. nL8N3LS01B
(Compiled by Rajarshi Roy in Bengaluru)
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