Deals of the day -- mergers and acquisitions

By Staff Reporter

Jul 18, 2012 09:30 AM EDT

The following bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies were reported by 1100 GMT on Wednesday:

 ** U.S. computer contractor Science Applications International Corp said it will acquire information technology consulting firm maxIT Healthcare Holdings Inc in a cash deal worth almost $473 million

** Poland is to sell a 7 percent stake in PKO BP, the country's top lender, to beef up its privatization income, market sources told Reuters on Tuesday. The stake is worth almost 3 billion zlotys ($878 million).

** HSBC Holdings has put its Vietnam insurance business on the block, sources said, in a deal that could fetch about $400 million for Europe's biggest bank as it pushes to exit non-core operations globally.

** Chinese oil trader Guangdong Zhenrong Energy Co has offered to take control of debt-laden shipping and oil storage firm Titan Petrochemicals Group Ltd, which is facing a liquidation suit from U.S. private equity firm Warburg Pincus.

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