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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:

** Monte dei Paschi di Siena BMPS.MI launched simultaneous all-share takeover bids worth about €34 billion ($39.8 billion) for rival Banco BPM BAMI.MI and wealth manager Banca Generali BGN.MI, escalating a battle reshaping Italy's banking sector.

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** Australian investment manager EQT Holdings EQT.AX said it had received an A$663.1 million ($471.93 million) proposal from BGH Capital, topping a TPG Global offer made earlier this week and sending its shares to a six-month high.

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** James Hardie JHA1.F, JHX.AX said it will sell its European walling and flooring business Fermacell to Swiss building materials supplier Holcim HOLN.S for €840 million ($980.78 million) and plans to close its European fibre cement business.

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** T. Rowe Price has agreed to acquire F/m Investments, a move that would more than double its assets invested in fixed-income exchange-traded funds, the two firms said on Thursday.

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(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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