Oct 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:
** Siemens announced a $10.6 billion deal to buy
U.S. engineering software firm Altair Engineering ( ALTR ),
cheering analysts who see it boosting the company's presence in
the fast-growing industrial software market.
** British supermarket Sainsbury's ( JSNSF ) said it has sold
its Argos Financial Services cards portfolio to NewDay Group for
an expected 720 million pounds ($934 million), in line with its
strategy to focus on its core retail business.
** Mobile group Vodafone ( VOD ) and Romania-based operator
Digi said they had signed a memorandum of
understanding with Hellenic Telecommunications Organization
to buy its subsidiary Telekom Romania Mobile (TKRM).
** Private equity firm Blackstone is bidding C$7
billion ($5.03 billion) for a minority stake in telecom and
media company Rogers Communications' ( RCIAF ) cellphone
infrastructure business, the Globe and Mail reported.
** Australia's Mineral Resources (MinRes) said it
will sell the entirety of two exploration permits in the Perth
basin and form joint ventures with Hancock over remaining
onshore exploration lands around the area for up to A$1.13
billion ($743.09 million).
(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)