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Deals of the day-Mergers and acquisitions

Published 2017-06-20, 09:57 a/m
Updated 2017-06-20, 10:00 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

© Reuters. Deals of the day-Mergers and acquisitions

(Adds Rio Tinto and Home Capital; Updates Parexel)

June 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:

** An Australian regulator cleared Tabcorp Holdings Ltd's TAH.AX proposed takeover of lottery owner Tatts Group Ltd TTS.AX for A$6.15 billion ($4.67 billion), paving the way for a match-up that has fallen through twice before since 2006. Swedish media firm MTG MTGb.ST said it was buying U.S. platform games publisher and developer Kongregate for $55 million and repeated its target of break-even for its digital arm in 2018. Bayer's BAYGn.DE chief executive said talks with the EU Commission over the antitrust scrutiny of the German drugmaker's planned takeover of U.S. seeds maker Monsanto (NYSE:MON) MON.N were "very good and constructive", confirming a target to wrap up the deal by year-end. Kenya's capital markets regulator said that it had not received any notification about a proposed acquisition by KCB Group KCB.NR of a stake in National Bank of Kenya NBK.NR . British challenger bank Shawbrook Group Plc SHAW.L called on its shareholders to accept an increased and final 868 million pound ($1.10 billion) offer from private equity groups, setting the stage for the buyers to take the lender private. U.S. pharmaceutical research services provider Parexel International Corp PRXL.O said it would be taken private by Pamplona Capital Management LLP in a $4.5 billion deal. Rio Tinto RIO.L , RIO.AX selected Yancoal YAL.AX to buy its Coal & Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore GLEN.L which had put in a higher bid. Canadian lender Home Capital Group Inc HCG.TO said it would sell a portfolio of commercial mortgage assets valued at C$1.2 billion ($904 million) to private equity firm KingSett Capital.

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