Aug 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:
** Betting firm Flutter Entertainment is in talks
to buy Snaitech, one of Italy's largest gambling companies, from
UK's Playtech ( PYTCF ) in a deal which could be worth 2 billion
pounds ($2.57 billion), Sky News reported .
** Rheinmetall will take over U.S. military
vehicle supplier Loc Performance in a $950 million deal, the
German defence group said, with an eye to improving its chances
of scoring orders worth billions.
** Family-owned candy giant Mars, whose brands include M&M's
and Snickers, is nearing a deal to acquire Kellanova ( K ),
maker of snacks such as Cheez-It and Pringles, for nearly $30
billion, a person familiar with the matter told Reuters on
Tuesday.
** Dental implant maker Straumann announced the
sale of its DrSmile aligner business and raised its full-year
outlook to reflect that, after its half-year operating profit
beat expectations.
** UBS on Tuesday agreed to sell Credit Suisse's U.S.
mortgage servicing business, UBS Chief Financial Officer Todd
Tuckner said .
** Thyssenkrupp continues to be in good
discussions with private equity firm Carlyle and German
state lender KfW over the sale of a majority stake in
its warship division, finance chief Jens Schulte told
journalists.
** U.S. casualty insurer Allstate ( ALL ) has sold its
employer voluntary benefits business to StanCorp Financial Group
for $2 billion in cash, Allstate ( ALL ) announced on Tuesday.
** Intel ( INTC ), which is cutting thousands of jobs as it
struggles to stay relevant in the chip industry, sold its 1.18
million share stake in British chip firm Arm Holdings in
the second quarter, a regulatory filing showed on Tuesday.
** Reliance and Walt Disney ( DIS ) have offered
to sell some channels to win faster antitrust approval for their
$8.5 billion India media assets merger, but are resisting
changes to cricket broadcast rights they own, two sources
familiar with the matter said.
** Bitcoin miner Riot Platforms ( RIOT ) said on Tuesday it
had increased its stake in rival Bitfarms ( BITF ) to 18.9%.
** Insurer Allstate has agreed to sell its
subsidiaries that provide employer voluntary benefits to
StanCorp Financial Group (The Standard) in a $2 billion cash
deal, the company said in a regulatory filing on Tuesday.
** Japan's Meiji Yasuda Life Insurance will acquire American
Heritage Life Insurance, a unit of U.S. insurance company
Allstate ( ALL ), for around $2 billion, the Nikkei reported.
(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)