May 9 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** SoftBank CEO Junichi Miyakawa said that the

Japanese telecommunications firm is in talks with South Korea's

Naver over control of LY Corp ( YAHOF ), which

operates the popular messaging app Line.

** Spanish bank BBVA presented a 12.23 billion

euro ($13.11 billion) takeover offer for rival Sabadell

directly to shareholders, turning to a hostile bid

after Sabadell's board rejected the same proposal this week.

** Japan's top steelmaker, Nippon Steel ( NISTF ), is

sticking to its plan to close a deal by year-end to buy U.S.

Steel, which it expects to boost output and profits, the

company said, despite resistance to the transaction in the U.S.

** Apollo-backed Concord said it will stick with its offer

of $1.25 apiece for Hipgnosis Songs Fund ( HPGSF ), days after

Blackstone outbid it for the music rights owner of

artists such as Shakira and Red Hot Chili Peppers.

** British oilfield services and engineering firm John Wood

Group rejected a potential 1.42 billion pound ($1.77

billion) buyout proposal from Dubai-based firm Sidara on

Wednesday, saying it "undervalued Wood and its future

prospects".

** Shares of PSC Insurance Group rose to a record

high after UK-based broking business Ardonagh Group agreed to

buy the Australian company in a deal valuing it at A$2.26

billion ($1.49 billion) amid rising confidence in the sector.

** Occidental Petroleum ( OXY ) hopes to close its

acquisition of shale oil producer CrownRock before its

second-quarter earnings call, CEO Vicki Hollub said on

Wednesday. The event typically falls in early August.

(Compiled by Rajarshi Roy in Bengaluru)