Offers of the day- Mergers and acquisitions

(Adds Norfolk Southern Corp, Nokia, Sharp Corp, Krauss-Maffei Wegmann, and other people)

** Toshiba Corp and Fujitsu Ltd are in talks to split off and merge their personal laptop units, individuals familiar with the matter said, as Japan’s electronic conglomerates seek to retreat further from loss-making companies.

** U.S. railroad operator Norfolk Southern Corp stated its board unanimously rejected Canadian Pacific Railway Ltd’s $ 28.4 billion acquisition proposal, saying the offer you undervalued the company and could raise regulatory hurdles.

** Finland’s Nokia mentioned it had completed the sale of its navigation organization Here to German auto makers BMW , Audi and Mercedes.

** Japanese customer electronics maker Sharp Corp is exploring sale of its holding in the Indian unit, amongst other options, the unit stated in a regulatory filing.

** Britain will further whittle down its stake in bailed-out lender Lloyds Banking Group via a scheme aimed at major investors in the early months of 2016, ahead of sealing its exit with a broader provide to the general public.

** South Korea’s economic regulator is searching into whether any trading irregularities had occurred concerning the merger of Samsung Group affiliates Samsung C&T and Cheil Industries Inc earlier this year, two regulatory officials mentioned.

** The German government has authorized a merger of German tank maker Krauss-Maffei Wegmann with the French armored vehicle maker Nexter, the economy ministry said.

** EU antitrust regulators rejected a request by Britain’s competitors authority to examine Hutchison Whampoa’s ten.3-billion-pound ($ 15.58 billion) bid for British mobile unit O2, saying an EU overview would ensure uniform rules.

** Grupo BTG Pactual SA, the embattled Brazilian investment bank shedding assets following the arrest of its founder, is in talks with three unspecified international banks over the sale of Swiss private bank BSI Group, a supply with understanding of the strategy stated.

** Reliance Communications Ltd, India’s fourth-largest wireless telecommunications carrier, has signed a non-binding pact to sell its mobile phone masts organization to a group of businesses led by buyout firm TPG Capital Management LP.

** Thai Union Group Pcl, the world’s largest canned tuna producer, scrapped a $ 1.5 billion acquisition of U.S. rival Bumble Bee Seafoods following U.S. authorities mentioned the deal would be dangerous to competitors in the seafood industry.

** Arbuthnot Banking Group said its retail bank had agreed on the conditional sale of its non-normal consumer lending company to Non-Normal Finance Plc for 127 million pounds ($ 192 million).

** An activist investor on Thursday renewed its push for Yahoo Inc to abandon its plans to spin off its beneficial stake in Chinese e-commerce giant Alibaba Group Holding Ltd and alternatively sell its core enterprise “at the highest price tag attainable.”

** The Indonesian government has set a January deadline for Freeport McMoRan Inc to propose a price tag for the divestment of component its Grasberg copper and gold mine, one particular of the world’s biggest.

** French telecoms tycoon Patrick Drahi moved a step closer to taking control of French news-only Television channel BFM Tv as part of a deal announced in July with owners NextRadioTV.

** French sugar group Tereos stated it was launching a tender supply for the remaining shares of its Tereos Internacional unit, with a view to delisting it from the Sao Paulo Stock Exchange in the course of the second quarter of 2016.

** Walkie-talkie and radio systems maker Motorola Options Inc stated it would get UK-based communications firm Airwave Options Ltd for 817.five million pounds ($ 1.24 billion) to beef up its services enterprise.

** Spanish lender Caixabank stated on Thursday it was selling stakes in Bank of East Asia and Mexico’s Inbursa to its holding firm Criteria in a two.65 billion euro ($ two.90 billion) deal to totally free up capital. (Compiled by Nikhil Subba in Bengaluru)