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.
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