Deals of the day-Mergers and acquisitions
Adds: JinkoSolar, Montage Gold, Poste Italiane, Alphabet
July 16 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
China-based JinkoSolar JKS.N said it would form a joint venture with Saudi Arabia's sovereign wealth fund and a privately owned Saudi renewable firm to build a solar cell and module manufacturing facility.
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** Canadian miner Montage Gold MAU.V said Chinese mining firm Zijin Mining Group 601899.SS would take a 9.9% strategic stake in the company through its brokered private placement.
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** Italy has held off approval of a decree to sell a stake in Poste Italiane PST.MI, people familiar with the matter told Reuters, following resistance from ruling and opposition parties to loosen the state's grip on key public services.
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** If Alphabet's GOOGL.O Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon.com AMZN.O and Microsoft MSFT.O, experts said.
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** A majority of shareholders have approved Japanese company Electric Power Development's (J-Power) 9513.T A$381 million ($257.56 million) buyout of Genex Power GNX.AX, the Australian company said.
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** Scientific instruments maker Spectris Plc SXS.L said it has agreed to buy Georgia, U.S.-based Micromeritics Instrument Corp for $630 million, expanding the British company's laboratory analytical instruments unit.
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** Spanish train maker Talgo TLGO.MC said it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all Talgo shares.
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(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
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