Deals of the day -- mergers and acquisitions

By Staff Reporter

Aug 13, 2012 09:34 AM EDT

The following bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies were reported by 0830 GMT on Monday.

** Swiss private bank Julius Baer will buy Bank of America's Merrill Lynch private bank outside the United States, paying 860 million Swiss francs ($882 million) to boost its assets under management by 40 percent and backing the deal with plans to raise 1.19 billion francs in new capital. [ID: nL6E8JD0WP]

**The private equity arm of Goldman Sachs and American venture capital fund New Enterprise Associates (NEA) jointly invested about $54 million in an Indian healthcare firm, in a long-term bet on growing healthcare spending in the country.

** BlackBerry maker Research In Motion is looking to sell cloud services provider NewBay and some of the other minor assets it recently acquired, as part of a strategic review process, according to a source familiar with the matter.

** British Airways parent International Airlines Group (IAG) may consider taking a stake in its oneworld alliance partner American Airlines, a move that could block any takeover of American by IAG rival Delta.

** Guggenheim Life, the insurance arm of investment firm Guggenheim Partners LLC, is in pole position to buy some, or all, of Aviva USA, valuing the U.S. unit of Britain's No. 2 insurer at 800 million pounds ($1.25 billion), according to the Sunday Telegraph.

** BlueScope Steel said it will sell half of its ASEAN and North American building products businesses to Nippon Steel Corp for $540 million in cash, as Australia's biggest steelmaker struggles to return to profitability.

** India's Sun Pharmaceutical Industries has upped the buy-out price for its Israeli unit Taro Pharma by 60 percent, winning over Taro's board and ending a long battle to gain full control of the U.S. listed drugmaker.

** German insurers Allianz and Munich Re are interested in buying the German business of Dutch grid operator TenneT and stand ready to fund much needed upgrades in power transmission, a German newspaper reported on Monday.

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