Deals of the day-Mergers and acquisitions
SPY•Mergers and acquisitions reported by 1945 GMT on Friday
July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Friday:
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Railpen, the largest shareholder in Britain's IP Group [IPO.L], said on Friday it has made a sweetened offer to take full control of the early-stage science investor, offering 61 pence per share in cash among other proposals.
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Moroccan phosphates and fertiliser producer OCP said on Friday it signed an agreement with U.S.-based Koch Ag & Energy Solutions to form a second joint venture, boosting their combined phosphate-based fertiliser production capacity to about 2.5 million metric tons annually.
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Telecom Italia's [TLIT.MI] board is leaning toward endorsing Poste Italiane's [PST.MI] €10.8 billion ($12.35 billion) takeover offer as fair, and is unlikely to push for a higher price, Bloomberg News reported on Friday.
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Australia's has rejected a sweetened takeover proposal from Swedish private equity firm [EQTAB.ST], it said, the second time the wealth manager has turned away its suitor in recent weeks.
