Deals of the day - Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

• Commerzbank said it would enter talks with UniCredit to buy the German bank, ending months of resistance to the unwanted Italian takeover offer. nL8N43Q0L4

• Dutch engineering consultancy group Arcadis said on Friday it had received a second unsolicited takeover bid from Canadian peer WSP Global, confirming a Reuters report from Thursday. nL8N43Q0DO

• Allianz said on Friday it had agreed to acquire HSBC's life insurance business in Singapore for S$2.7 billion ($2.1 billion), further expanding the German insurance group’s operations in Asia nL6N43Q0HU

• Reckitt Benckiser on Friday agreed to sell its Russian hygiene business to local consumer goods manufacturer Arnest Management, as the British company continues to reduce its presence in Russia. nL4N43Q0DZ

• HSBC has agreed to sell its life and health insurance business in Singapore to Allianz for S$2.7 billion ($2.1 billion), as it trims non-core operations and focuses on its Asian wealth and wholesale banking operations. nL4N43P2PN

• Safety Insurance Group said on Thursday that an affiliate of Spanish insurer Mapfre will buy the company in an all-cash deal valued at about $1.54 billion, sending its shares up 36.4% at $99.52 after the bell. nL4N43P2N8

• Boston-based Safety Insurance Group has agreed to be acquired by an affiliate of Mapfre in an all-cash transaction valued at approximately $1.54 billion. nL6N43P1G1