Deals of the day-Mergers and acquisitions (BHP, BLT, 6502, GS)

May 16 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Spain’s Euskaltel said on Tuesday it had made an offer of around 700 million euros ($770 million), including debt, for Zegona’s Telecable, consolidating the Basque telecommunication company’s lead in northern Spain.

** North American budget hotel chain La Quinta Holdings Inc is preparing to explore a sale of the company, hoping for a high valuation as its seeks to spin off its real estate assets, people familiar with the matter said on Monday.

read more at businessinsider.com

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