Deals of the day-Mergers and acquisitions

Reuters
05-19
Deals of the day-Mergers and acquisitions

May 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** Toyota Industries Corp <6201.T> plans to accept a tender offer by Toyota Motor Corp <7203.T>, its chairman Akio Toyoda and others, and is making arrangements to announce its intention as early in May, Kyodo news agency reported. nL4N3RR0MK

** British finance group Legal & General <LGEN.L> said it had agreed to acquire a 75% stake in real estate investor Proprium, as the company sharpens its focus on private markets under chief executive Antonio Simoes. nL8N3RR079

** KKR <KKR.N> said it believed its offer for British healthcare property investor Assura <AGRP.L> represented a "superior" proposal after rival suitor Primary Health Properties PHP.L outbid the U.S. private equity firm last week. nL4N3RR0E9

** Diageo DGE.L still has no plans to sell its well-performing beer brand Guinness, CEO Debra Crew said on Monday, when the top spirits maker said it expected to make substantial changes to its portfolio. nL8N3RR0IF

** European Union antitrust regulators will decide by June 25 whether to clear Mars' $36 billion takeover of Pringles maker Kellanova K.N, according to a European Commission filing. nL1N3RR09U

(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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