Deals of the day-Mergers and acquisitions

Ingenia Communities

Mon 13:40

Adds: CAE, EQT, AmTrust International, Ovintiv,  Eni, Itau
Oct 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
     
** Canada's CAE CAE.TO said it will sell Flightscape, its airline operations software business, to fellow global aviation technology firm SITA in a deal valued at $500 million, including debt.
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** EQT EQT.N said it will buy Range Resources RRC.N in a $13 billion all-stock deal to create the largest natural gas producer in the US as it bets on rising demand from LNG exports and power generation.
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** AmTrust International has established a French presence with the acquisition of Wakam, the specialty insurer said.
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** Oil and gas producer Ovintiv OVV.N said  it would acquire Canadian producer Logan Energy LGN.V in an all-cash deal valuing the company at about $890 million, including debt.
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** Eni ENI.MI has completed the sale of its Nigerian unit Agip Energy and Natural Resources (AENR) to the Nigerian firm APEX, the Italian group said.
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** Brazilian lender Itau ITUB3.SA said it had entered an agreement to acquire all shares issued by artificial intelligence startup NeoSpace AI.
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** 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)
 ((Rajarshi.Roy@thomsonreuters.com))