October 24, 2018 / 10:11 AM / a year ago

Deals of the day-Mergers and acquisitions

(Adds Curaleaf Holdings, CommScope)

Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Telecommunications equipment maker CommScope Holding Co Inc is in talks to acquire set-top box maker Arris International Plc, people familiar with the matter said.

** U.S. cannabis retailer Curaleaf Holdings Inc is raising about $400 million, almost three times its original target, in Toronto, in a deal that would value the company at close to $4 billion, people familiar with the situation told Reuters.

** Rothschild & Co, the bank controlled by the Rothschild family, is to sell its trust services business to one of its managers to focus on expanding wealth management operations.

** Commerzbank has made a non-binding offer to take over German public-sector lender NordLB, German newspaper Handelsblatt reported, citing people close to the matter.

** Germany’s Daimler is setting up a ride-hailing joint venture in China with Geely Group, in a sign the Chinese firm is making progress in its drive for closer relations with the maker of Mercedes-Benz cars.

** Kraft Heinz Co will sell part of its Indian business, including brands such as malt-based drink Complan and energy drink Glucon-D, for 45.95 billion rupees ($627.18 million), at a time when Indian consumers are demanding healthier, sugar-free alternatives.

** German wholesaler Metro is talking to banks about finding a partner for its China business, a spokesman said, confirming a report by news agency Bloomberg.

** Shares of Kenyan fuel marketer KenolKobil jumped 30 percent early after a takeover offer from French firm Rubis was made public, Refinitiv data showed.

** Endeavor Energy Resources LP is exploring a sale that could value the Texas-based privately held oil producer at more than $10 billion, a source familiar with the matter said.

** France and Italy moved closer towards a military shipbuildling alliance when state-controlled shipyards Naval Group and Fincantieri announced a 50-50 joint venture to bid for Franco-Italian warship projects and export to the world market. (Compiled by Aakash Jagadeesh Babu and Manogna Maddipatla in Bengaluru)

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