Deals of the day-Mergers and acquisitions
Mon 09:46
Deals of the day-Mergers and acquisitions Oct 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:
** HSBC HSBA.L will merge Hang Seng Bank's asset management unit into its fund business, two people with direct knowledge of the matter said, after the London-based bank took the Hong Kong lender private in a $13.6 billion deal.
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** Ingenia Communities Group INA.AX received a takeover proposal from AVID Property Group for A$2.2 billion ($1.54 billion), sending the Australian property developer's shares to their highest close in nine months.
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(Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)
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