March 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:

** Unilever <ULVR.L> is in talks to sell its foods business to smaller rival McCormick & Company <MKC.N>, a potential deal that would unite the British company's Hellmann's and Knorr brands with the U.S. spice maker's Cholula hot sauce.

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** Talks to sell Thyssenkrupp's <TKAG.DE> steel division to India's Jindal Steel International are not making progress and the long-awaited deal must not be stalled for months, the German company's deputy supervisory board chairman said.

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** British cross-border payments processor CAB Payments <CABP.L> said that it has rejected the recent all-cash offer from financial services firm StoneX <SNEX.O>, saying the proposal undervalues the company and its future prospects.

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** Buyout firm Bridgepoint <BPTB.L> is drawing up proposals for a formal offer worth more than 1 billion pounds ($1.34 billion) for British private hospital operator, Spire Healthcare <SPI.L>, Sky News reported on Thursday.

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** Swiss drugmaker Novartis NOVN.S agreed to buy a breast cancer drug candidate for up to $3 billion from U.S. biotech firm Synnovation Therapeutics, adding a targeted therapy to its pipeline of cancer drugs.

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(Compiled by Rajarshi Roy and Dharna Bafna in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))