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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Hancock Whitney, Updates: BP, Santander

- The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

** US regional lender Hancock Whitney HWC.O will buy smaller peer Trustmark TRMK.O in a roughly $3.2 billion all-stock deal, the Mississippi-based banks announced.

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** BP BP.L is in talks with Petrobras PETR3.SA to sell a stake in its Bumerangue oil block off the coast of Brazil, Bloomberg News reported, citing people familiar with the matter.

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** Spanish bank Santander SAN.MC improved its €1.9 billion ($2.1 billion) offer to acquire the remaining roughly 10% stake it does not already own in its Brazilian unit SANB11.SA, raising the proposed share swap's exchange ratio by 5%.

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** British outsourcing group Serco SRP.L said it would buy the US business of defence technology company QinetiQ QQ.L for $292 million, expanding its presence in the world's biggest defence market. nL3N46T0M0

** Indonesia's oil and gas company Pertamina is in the process of acquiring a new oil field in South America as part of an effort to secure energy supply, deputy chief executive Oki Muraza told members of parliament. nL6N46T0I9


(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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