Deals of the day-Mergers and acquisitions

Oct 18 The following bids, mergers, acquisitions and disposals were reported by 1025 GMT on Tuesday:

** Australia’s Tatts Group Limited and Tabcorp Holdings Ltd said they are in talks to create a A$9.34 billion ($7.1 billion) betting industry giant, hoping to join forces to fend off popular online rivals.

** SM Energy Co said it would buy 35,700 net acres in West Texas’s Howard and Martin counties for about $1.6 billion and sell its Williston Basin assets in North Dakota for $785 million to Oasis Petroleum Inc.

** Abbott Laboratories, which is in the process of buying St. Jude Medical Inc for $25 billion, said the companies would sell some of their medical devices to Japan-based Terumo Corp for about $1.12 billion.


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