Deals of the day-Mergers and acquisitions

Reuters01-02

Deals of the day-Mergers and acquisitions

Jan 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

** Swisscom SCMN.S said that it has completed its acquisition of competitor Vodafone VOD.L Italia, which it will now begin merging with its Italian business Fastweb.

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** Hutchmed (China)0013.HK, controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around $608 million as the billionaire and his flagship conglomerate look to ramp up capital and pivot towards core operations at the drugmaker.

nL1N3NX05Y

** Japan's Nippon Steel 5401.T has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's X.N production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker, a source familiar with the matter said on Tuesday.

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(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

((Aamir.sohail@thomsonreuters.com))

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