Deals of the day-Mergers and acquisitions

Reuters12-12

Deals of the day-Mergers and acquisitions

Dec 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** British money manager Aberdeen <ABDN.L> said it would acquire the management of nine U.S.-based closed-end funds with assets totalling 1.5 billion pounds ($2 billion), part of an ongoing drive to expand in the U.S. market.

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** China's Jiangxi Copper <600362.SS> has raised its takeover offer for gold and copper miner SolGold <SOLG.L> to 28 pence per share, valuing the company at about 842 million pounds ($1.13 billion), the companies said .

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** Retailers Destination XL Group <DXLG.O> and FullBeauty Brands agreed to merge, creating a bigger player in the size-inclusive apparel market, the companies announced on Thursday, confirming an earlier Reuters report.

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** BNP Paribas <BNPP.PA> has entered exclusive talks to sell its 67% stake in its Moroccan unit BMCI to Holmarcom Group, France's biggest bank said.

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(Compiled by Rajarshi Roy and Koyena Das in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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