UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds Prudential Plc)
March 3 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Tuesday.
(For Reuters columns on deals, click on [DEALTALK/]
** General Motors Corp (GM.N: Cotización) plans to buy back the steering business of its former unit Delphi Corp DPHIQ.PK as part of an agreement to help the bankrupt parts maker restructure, Bloomberg said, citing people familiar with the discussions.
To read more, click on[ID:nN03457891]
** Citigroup Inc (C.N: Cotización) is hoping to create joint ventures with third parties as a way of shedding businesses it does not want, the New York Post reported on Tuesday, citing high-level insiders at the New York bank. [ID:nL3234775]
** UK insurer Prudential Plc offered a modest price for American International Group's (AIG.N: Cotización) Asian unit, AIA, two people familiar with the matter said on Tuesday. [ID:nWLA8842]
** Business-process outsourcing firm ICT Group ICTG.O on Tuesday rejected a $128-million buyout offer from Aegis Ltd, a back-office unit of India's Essar Group, sending its shares down. [ID:nBNG228702]
** Greek dry bulk carrier DryShips Inc (DRYS.O: Cotización) said it agreed to halve the sale price of its Panamax vessel and would recognize about $2.4 million in gain on the sale in the first quarter. [ID:nBNG433368] Continuación...