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KCO Kloeckner & Co SE News Story

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Deals of the day-Mergers and acquisitions

Jan 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** U.S.-based Worthington Steel  plans to buy Germany's Kloeckner & Co  in a deal that values the metals trading firm at $2.4 billion, as the company looks to strengthen its position in North America.

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** Delfin ruled out ongoing talks to sell its Monte dei Paschi stake, closing ranks around CEO Luigi Lovaglio, as speculation over a potential approach from UniCredit  for the bank drives shares higher.

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** Japanese trading house Mitsubishi Corp <8058.T> said it would take over the U.S. shale production and infrastructure assets of Aethon Energy Management for $7.53 billion to strengthen its gas value chain.

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 (Compiled by Rajarshi Roy and Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))

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