Deals of the day-Mergers and acquisitions
Adds: Vedanta Ltd, Performance Food Group Company, Tongwei Updates: Mars, UBS
Aug 14 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** Family-owned candy giant Mars is buying Cheez-It maker Kellanova K.N in a nearly $36 billion deal, bringing together some of the biggest consumer brands from M&M's and Snickers to Pringles and Pop- Tarts in one of the biggest deals in the industry. nL4N3K1076
** Indian miner Vedanta Ltd VDAN.NS will sell a 3.3% stake worth more than $950 million in unit Hindustan Zinc HZNC.NS, it said, bigger than the 2.6% stake it initially planned to hive off. nL4N3K10VV
** Performance Food Group Company PFGC.N said it would acquire privately held foodservice distributor Cheney Bros for $2.1 billion in cash, bolstering its presence in Southeastern U.S. nL4N3K10WJ
** Solar company Tongwei 600438.SS is planning to buy a controlling stake in competitor Runergy for about 5 billion yuan ($697.78 million) in a move that would allow the Chinese company to gain presence in the United States. nL4N3K10OF
** UBS on Tuesday agreed to sell Credit Suisse's U.S. mortgage servicing business, UBS Chief Financial Officer Todd Tuckner said , without naming the buyer. nL8N3K10OS
** Betting firm Flutter Entertainment FLTRF.L is in talks to buy Snaitech, one of Italy's largest gambling companies, from UK's Playtech PTEC.L in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported. nL4N3K10OM
** Rheinmetall RHMG.DE will take over U.S. military vehicle supplier Loc Performance in a $950 million deal, the German defence group said, with an eye to improving its chances of scoring orders worth billions. nL4N3K01NW
** Dental implant maker Straumann STMN.S announced the sale of its DrSmile aligner business and raised its full-year outlook to reflect that, after its half-year operating profit beat expectations. nL8N3K104E
** Thyssenkrupp TKAG.DE continues to be in good discussions with private equity firm Carlyle CG.O and German state lender KfW [RIC:RIC:KFW.UL] over the sale of a majority stake in its warship division, finance chief Jens Schulte told journalists. nL8N3K10AX
** U.S. casualty insurer Allstate ALL.N has sold its employer voluntary benefits business to StanCorp Financial Group for $2 billion in cash, Allstate announced on Tuesday. nL4N3K01TU
** Intel INTC.O, which is cutting thousands of jobs as it struggles to stay relevant in the chip industry, sold its 1.18 million share stake in British chip firm Arm Holdings ARM.O in the second quarter, a regulatory filing showed on Tuesday. nL4N3K01WQ
** Reliance RELI.NS and Walt Disney DIS.N have offered to sell some channels to win faster antitrust approval for their $8.5 billion India media assets merger, but are resisting changes to cricket broadcast rights they own, two sources familiar with the matter said. nL6N3K00C0
** Bitcoin miner Riot Platforms RIOT.O said on Tuesday it had increased its stake in rival Bitfarms BITF.TO to 18.9%. nL4N3K01W6
** Japan's Meiji Yasuda Life Insurance will acquire American Heritage Life Insurance, a unit of U.S. insurance company Allstate ALL.N, for around $2 billion, the Nikkei reported. nL4N3K01TD
(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
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