Deals of the day-Mergers and acquisitions
Adds: Casey's General Stores, International Game Technology, IAC, Macquarie Asset Management, IDBI Bank
July 26 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
** Billionaire Barry Diller signaled his digital-media conglomerate IAC IAC.O was no longer in the race to buy Paramount Global PARA.O, CNBC reported.
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** Casey's General Stores CASY.O said it would acquire Fikes Wholesale, owner of CEFCO convenience stores, in an all-cash transaction for $1.15 billion in a bid to strengthen its presence in Texas.
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** Private equity firm Apollo Funds will take International Game Technology's IGT.N gaming and digital business and Everi Holdings EVRI.N private in an all-cash deal that values the combined business at $6.3 billion, the companies said.
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** Macquarie Asset Management will buy out the 20% of Britain's National Gas that it does already own, the investment company said without disclosing financial details.
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** India will press ahead with the delayed sale of a majority stake in IDBI Bank IDBI.NS after central bank clearance, opening bids for the lender before the end of the financial year, a top finance ministry official said.
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** Czech train maker Skoda said it does not intend to file a counter bid to take over Spanish rival Talgo TLGO.MC though it seeks to combine the two companies' industrial activities, according to a letter disclosed by Talgo. nL8N3JI09S
** Banco Sabadell SABE.MC is unlikely to get a competing takeover offer to scupper a hostile bid from rival BBVA BBVA.MC because other banks would also face competition concerns, Sabadell's CEO Cesar Gonzalez-Bueno said. nL1N3JG1AU
** KKR & Co KKR.N will take education software platform Instructure Holdings INST.N private for $4.8 billion, the private equity firm said on Thursday. nL4N3JH2S3
(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
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