Deals of the day-Mergers and acquisitions

Reuters04-02

April 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Australian shipbuilder Austal said it had rejected an A$1.02 billion ($662 million) takeover offer from South Korea's Hanwha Ocean as it was unlikely to be approved by Australian and U.S. regulators due to the sensitivity of its operations.

** Pakistan is putting on the block a stake ranging from 51% to 100% of loss-making national carrier Pakistan International Airlines , the privatisation panel said on Tuesday, as part of reforms urged by the IMF.

** Australia's APM Human Services is in talks with various parties regarding a potential transaction, it said, days after private equity firm CVC Asia Pacific failed to go ahead with its A$1.83 billion ($1.19 billion) takeover offer.

** Funds related to activist shareholder Yoshiaki Murakami jointly own a 5.11% stake in Japanese chip materials maker JSR Corp , a regulatory filing showed.

(Compiled by Rajarshi Roy in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com;))

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