Deals of the day-Mergers and acquisitions
(Adds Target, Melrose, Tata)
March 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:
** Australian toll road developer Transurban Group said it will buy the A25 toll road and bridge in Canada from Macquarie Infrastructure Partners for C$840 million ($650 million), plus transaction costs of C$18 million.
** RWE and E.ON are not planning to merge to create an energy giant after they shook up the German market with an asset swap, the chief executives of the two companies said in a newspaper interview published.
** Steve Wynn, the former chief executive of Wynn Resorts Ltd, has disposed his entire 11.8 percent stake in the firm for $2.1 billion in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago.
** Tencent Holdings Ltd's shares fell more than 4 percent on Friday, wiping out around $23 billion of market value, after the Chinese internet firm's largest shareholder, Naspers Ltd, lowered its stake for the first time in 17 years.
** Austria's Laudamotion will provide up to eight crewed aircraft to Lufthansa's low-cost carrier Eurowings until the end of May, Niki Lauda's repurchased and rebranded carrier said.
** Philippines' Robinsons Retail Holdings Inc is acquiring the Manila food retailer of Dairy Farm International Holdings Ltd in a deal valued at 18 billion pesos ($343.6 million) through a share swap.
** Chinese conglomerate CEFC had already started paying for a stake in Russian oil giant Rosneft when authorities took its chairman Ye Jianming away, halting the $9.1 billion deal in its tracks, according to three sources close to the matter.
** Rupert Murdoch's Twenty-First Century Fox has changed the group of banks lined up to help finance its proposed takeover of European pay-TV company Sky, replacing Bank of America with Citibank.
** Belgium's Elia said it had decided to exercise its pre-emptive right to buy a 20 percent stake in German high-voltage energy network operator 50Hertz for 976.5 million euros ($1.2 billion), beating China's State Grid.
** GlaxoSmithKline has withdrawn from the race to buy Pfizer's consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion.
** Britain's Melrose, trying to buy GKN in a 7.8 billion pound ($11 billion) hostile takeover, is lifting a self-imposed deadline for approval by U.S. authorities to enable the acquisition to conclude should shareholders back it next week.
** Tata Steel has offered to pay a little more than 350 billion rupees ($5.4 billion) to lenders of Bhushan Steel & Power to take over the bankrupt steelmaker, a source with direct knowledge of the deal said.
(Compiled by Karan Nagarkatti in Bengaluru)
