Deals of the day-Mergers and acquisitions

Reuters
04 Feb

Feb 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

** U.S. private equity firm KKR KKR.N has sweetened its offer for Japan's Fuji Soft 9749.T by 4%, the latest salvo in its protracted and messy bidding war with Bain Capital for the $4 billion IT firm.

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** Suncorp Group has completed the previously announced sale of its New Zealand life insurance business after receiving regulatory approval.

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** Southeast Asian ride-hailing and food delivery company Grab GRAB.O is in advanced talks to merge with its smaller Indonesian rival GoTo GOTO.JK as the firms seek to stem years of losses, two sources familiar with the matter told Reuters.

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** Discovery PDI.AX were set for their best session in nearly six months after the gold explorer said that China's Zijin Mining 601899.SS will invest A$24.1 million ($15.00 million), while Lundin family will invest A$45.1 million in it, to acquire a 3.5% and a 6.5% stake, respectively.

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(Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)

((Padmanabhan.Ananthan@thomsonreuters.com))

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