Deals of the day-Mergers and acquisitions

(Adds Tesco and Prosus)

Dec 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

** Diplomat Pharmacy Inc agreed to UnitedHealth Group Inc’s over $300 million buyout offer, weeks after it warned of its inability to pay off some of its debt amid intense competition in the pharmacy benefits management business.

** Russia’s biggest automaker Avtovaz said it would buy out General Motors from their joint venture producing vehicles in Russia under the Chevrolet brand, effectively ending GM’s presence in car assembling in the country.

** Merck & Co Inc said it would buy ArQule Inc for $2.7 billion, as it looks to tap into the drug developer’s experimental blood cancer therapy that targets genetic mutations.

** Discount brokerage E*Trade Financial Corp said that it acquired a student loan provider called Gradifi for $30 million.

** World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s $1.8 billion merger with rival shipbuilder Daewoo will face a full-scale investigation in Europe due to serious EU antitrust concerns, two people familiar with the matter said.

** Brazilian airline Gol Linhas Aereas Inteligentes SA made a fresh bid to take over its lucrative loyalty program, Smiles Fidelidade SA, lifting shares of both.

** Texas Capital Bancshares and Independent Bank Group Inc said they would combine in a deal structured as a merger of equals, creating the second-largest lender by assets headquartered in the Lone Star state.

** Swiss-based MET Energy plans to expand rapidly in Europe over the next three years via acquisitions worth at least 1 billion euros ($1.10 billion) once a deal with Singapore conglomerate Keppel Corp is finalised next month, MET’s CEO said.

** Vivendi’s pay-TV business Canal+ and beIN Sports are in exclusive talks over a distribution and licensing deal that would allow Canal+ to broadcast some of France’s coveted Ligue 1 soccer matches as it seeks to revive its subscriber base.

** SoftBank Group Corp’s Vision Fund has agreed to sell its nearly 50% stake in Wag Labs Inc back to the dog-walking startup, the Wall Street Journal reported citing people familiar with the matter.

** Qatar Airways has agreed to take a 60% stake in a new $1.3 billion international airport in Rwanda, the state-run Rwanda Development Board said on Twitter.

** France’s Sanofi agreed to buy California-headquartered biotechnology firm Synthorx in a cash deal worth about $2.5 billion as it steps up a push in the lucrative field of cancer drugs under its new chief executive.

** British engineering firm Senior Plc said it has been reviewing options for its aerostructures business, including a potential sale.

** Prosus PRX.AS raised its unsolicited cash offer for British food delivery service Just Eat to $6.5 billion on Monday, ratcheting up the pressure on rival bidder Takeaway in their bitter takeover battle.

** Lufthansa will initiate the sale of the parts of its catering unit LSG it is not selling to Switzerland’s Gategroup early next year, the German carrier said.

** Israeli real estate developer Azrieli Group said it is expanding into the hospitality sector with the purchase of the Mount Zion Hotel in Jerusalem for 275 million shekels ($79 million).

** Swiss private bank Vontobel is exiting its brokerage business, it said, a move that includes selling its equity unit to Zuercher Kantonalbank (ZKB) as it focuses on buy-side investment management for wealthy clients.

** Shares in Osram surged after Austrian sensor maker AMS said it had succeeded at its second attempt with a 4.6 billion euro ($5.1 billion) takeover bid for the German lighting group.

** Shares in Tesco rose more than 5% after Britain’s biggest retailer said it might sell its Asian businesses, in Thailand and Malaysia, which analysts valued at up to $9 billion.

$1 = 3.4684 shekels Compiled by Saumya Sibi Joseph in Bengaluru