Deals of the day-Mergers and acquisitions
Aug 14 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
** Betting firm Flutter Entertainment FLTRF.L is in talks to buy Snaitech, one of Italy's largest gambling companies, from UK's Playtech PTEC.L in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported .
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** Rheinmetall RHMG.DE will take over U.S. military vehicle supplier Loc Performance in a $950 million deal, the German defence group said, with an eye to improving its chances of scoring orders worth billions.
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** Family-owned candy giant Mars, whose brands include M&M's and Snickers, is nearing a deal to acquire Kellanova K.N, maker of snacks such as Cheez-It and Pringles, for nearly $30 billion, a person familiar with the matter told Reuters on Tuesday.
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** Dental implant maker Straumann STMN.S announced the sale of its DrSmile aligner business and raised its full-year outlook to reflect that, after its half-year operating profit beat expectations.
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** UBS on Tuesday agreed to sell Credit Suisse's U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said .
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** Thyssenkrupp TKAG.DE continues to be in good discussions with private equity firm Carlyle CG.O and German state lender KfW [RIC:RIC:KFW.UL] over the sale of a majority stake in its warship division, finance chief Jens Schulte told journalists.
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** U.S. casualty insurer Allstate ALL.N has sold its employer voluntary benefits business to StanCorp Financial Group for $2 billion in cash, Allstate announced on Tuesday.
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** Intel INTC.O, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings ARM.O in the second quarter, a regulatory filing showed on Tuesday.
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** Reliance RELI.NS and Walt Disney DIS.N have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources familiar with the matter said.
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** Bitcoin miner Riot Platforms RIOT.O said on Tuesday it had increased its stake in rival Bitfarms BITF.TO to 18.9%.
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** Insurer Allstate ALL.N has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in a $2 billion cash deal, the company said in a regulatory filing on Tuesday.
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** Japan's Meiji Yasuda Life Insurance will acquire American Heritage Life Insurance, a unit of U.S. insurance company Allstate ALL.N, for around $2 billion, the Nikkei reported.
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(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
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