Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday

  
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June 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 19:45 GMT on Tuesday:

** Aircraft and car parts supplier Senior Plc on Tuesday rejected a $1.2 billion buyout offer from U.S.-based Lone Star Global, saying the sweetened proposal made a day earlier "continues to fundamentally" undervalue the British company.

** Blackstone Group on Tuesday agreed to acquire Home Partners of America, which acquires and rents single-family homes, in a $6 billion deal, the private-equity firm said.

** The owners of Spain's Minas de Aguas Te?idas (MATSA) plan to launch a sale of the copper miner on Friday in a deal led by investment banks Bank of Montreal (BMO) and UBS that could fetch up to $2 billion, four banking sources said.

** MONETA Money Bank shareholders rejected a share issue that would have given its biggest investor, PPF, a controlling stake and help to pay for a proposed $1.2 billion acquisition of PPF's Czech lending assets.

** Japanese trading house Mitsui & Co said it had agreed to sell its stake in Indonesia's PT Paiton Energy, which operates coal power plants, to RH International (Singapore), a unit of Thai energy firm Ratch group PCL .

** The founder of DAMAC Properties has postponed efforts to take the firm private after the securities regulator of the United Arab Emirates launched a review of the transaction, the company said.

** Malaysian conglomerate Sunway Bhd has agreed to sell around a 15% stake in its healthcare unit to Singapore sovereign wealth fund GIC for 700 million-800 million ringgit ($168.3 million-192.3 million), two sources familiar with the matter said.

** Private equity firms Carlyle Group and Bain Capital, as well as auto suppliers Valeo and Mahle were among those that entered non-binding bids to buy a stake in South Korea's Hanon Systems worth 6.6 trillion won ($5.81 billion) as of Tuesday, South Korean media reported.

** Italy's top insurer Generali has agreed to buy Axa's insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence.

** Building materials distributor Grafton Group Plc will buy personal protective equipment maker IKH in Finland for 200 million euros ($237.90 million), Grafton said.

** Naver Corp , operator of South Korea's dominant search portal, said it decided not to participate in the acquisition of eBay's South Korean business.

** Australia's Washington H Soul Pattinson and Co Ltd said it will buy Milton Corp to create a near A$11 billion ($8.29 billion) investment firm to broaden its exposure to other asset classes, including global equities.

** Britain's Melrose Industries laid out plans to return about 730 million pounds ($1.01 billion) in cash to its shareholders after the company sold its Nortek Air Management business, sending its shares 3% higher.

** Brazil's lower house of Congress approved a bill allowing the privatization of state-controlled energy company Eletrobras , sending the measure to President Jair Bolsonaro for his signature.

(Compiled by Niket Nishant, Chavi Mehta and Dania Nadeem in Bengaluru) ((Chavi.Mehta@thomsonreuters.com;))


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