Deals of the day-Mergers and acquisitions
Adds: Solidcore, Electric Power Development Updates: Siemens
Oct 31 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
** Siemens SIEGn.DE is to buy U.S. engineering software firm Altair Engineering ALTR.O for $10.6 billion, strengthening its position in the growing market for industrial software.
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** Gold miner Solidcore POLY=AIXN, formerly known as Polymetal, will buy a 55% interest in Kazakhstan's Syrymbet tin deposit from Lancaster Group subsidiary Berkut Mining for $82.5 million, it said .
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** Japan's Electric Power Development (J-Power) 9513.T said it has decided to sell its 50% stake in a U.S. gas-fired power company as part of a reshuffle of its assets portfolio to improve capital efficiency.
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** British supermarket Sainsbury's SBRY.L said it has sold its Argos Financial Services cards portfolio to NewDay Group for an expected 720 million pounds ($934 million), in line with its strategy to focus on its core retail business. nL4N3M70Z2
** Mobile group Vodafone VOD.L and Romania-based operator Digi DIGI.BX said they had signed a memorandum of understanding with Hellenic Telecommunications Organization OTEr.AT to buy its subsidiary Telekom Romania Mobile (TKRM). nL8N3M70YC
** Private equity firm Blackstone BX.N is bidding C$7 billion ($5.03 billion) for a minority stake in telecom and media company Rogers Communications' RCIb.TO cellphone infrastructure business, the Globe and Mail reported. nL4N3M700B
** Australia's Mineral Resources (MinRes) MIN.AX said it will sell the entirety of two exploration permits in the Perth basin and form joint ventures with Hancock over remaining onshore exploration lands around the area for up to A$1.13 billion ($743.09 million). nL4N3M62SM
(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
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