UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds Magellan, Distrigas, Dune and others; updates Rio Tinto)
March 4 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Wednesday.
(For Reuters columns on deals, click on [DEALTALK/]
** Major investors in Rio Tinto (RIO.AX: Cotización) (RIO.L: Cotización) have firmly rejected company claims that shareholders are warming to the miner's proposed $19.5 billion tie-up with China's top aluminium maker Chinalco.
To read more, please double-click on [ID:nSYD382339]
** Refined petroleum products distributor Magellan Midstream Partners LP (MMP.N: Cotización) said it will acquire its holding company Magellan Midstream Holdings LP MGG.N in an all-stock deal valued at about $1.14 billion to simplify its capital structure and manage costs. [ID:nBNG442157]
** Royal Bank of Scotland (RBS.L: Cotización) said it was considering selling most of its banking businesses in China, part of plans to exit Asia following its ill-fated purchase of ABN AMRO. [ID:nSHA35202]
** Mitsubishi Corp (8058.T: Cotización) is planning to buy a stake of 34 percent in the solar power unit of Spanish contractor Acciona SA (ANA.MC: Cotización), the financial daily Nikkei said in its Thursday edition. [ID:nN0456793]
** U.S. Hartford Financial Services Group Inc (HIG.N: Cotización) is in talks to sell most of its life insurance unit to Canadian Sun Life Financial Inc (SLF.TO: Cotización), Bloomberg reported, citing three people with knowledge of the matter. [ID:nL468593] Continuación...