Deals of the day -- mergers and acquisitions

By Staff Reporter

Jun 19, 2012 08:57 AM EDT

The following bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies were reported by 1000 GMT on Tuesday:

** Julius Baer is in talks with Bank of America about buying Merrill Lynch's non-U.S. wealth management unit, reported to be worth up to $2 billion and which would see the acquisition-hungry Swiss private bank land another big deal.

** Brookfield Office Properties has spent 518 million pounds ($812 million) buying London office assets from Hammerson, in a deal that will see the British developer meet its aim of focusing on retail property.

** Teen-focused retailer Zumiez Inc has agreed to buy Austria-based Blue Tomato for 59.5 million euros ($75 million) to beef up its sports goods offering in Europe, it said on Tuesday, as it raised its second-quarter revenue outlook.

** Private equity company Kohlberg Kravis Roberts has bought hedge fund money manager Prisma Capital Partners LP, marking the latest move by the private equity sector to boost assets by bolting on smaller funds-of-funds shops.

Financial terms of the deal were not disclosed.

** Genting Group has increased its stake in Echo Entertainment to almost 10 percent, sources with knowledge of the matter said, putting the Malaysian gaming operator on par with billionaire James Packer seeking to gain control of the Australian casino operator.

** India's GVK Power and Infrastructure is seeking to raise $500 million to $600 million by selling a stake in its Singapore arm and is in talks with Government of Singapore Investment Corp for a potential deal, two sources with direct knowledge of the matter said.

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