Reuters: Mergers News: Deals of the day -- mergers and acquisitions

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Deals of the day -- mergers and acquisitions May 30th 2012, 10:41 Wed May 30, 2012 6:41am EDT May 30 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1030 GMT on Wednesday: ** Italian truckmaker Fiat Industrial plans to merge with its U.S. farm equipment unit CNH, building a global heavyweight industrial machinery group and shifting its focus towards North America. ** Japan's Olympus Corp, hit by a $1.7 billion fraud scandal, plans to shed 2,500 workers and sell an equity stake to either Sony Corp 6758.T or Panasonic Corp in a bid to bolster its finances, local media reported Wednesday. ** Spanish bank Santander has sold a 51 percent stake in its Banco Santander Colombia subsidiary for around 497 million euros ($623 million) to Chilean group Corpbanca . ** German retailer Metro said on Wednesday it would sell its Makro UK stores to Booker Group Plc in a deal valued at 139.7 million pounds ($219 million). * India's Essar Ports said on Wednesday Belgium's Port of Antwerp has infused 1.75 billion rupees ($31.35 million) into the company, as it looks to expand in the country. * Underwear maker Hanesbrands Inc said it would exit Europe by selling its Imagewear division, and discontinue private-label production in the United States.

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