(Adds Hilton, UltraTech Cement, BASF and others; updates Foxconn, Baltic Exchange, GIC and Life Insurance Corp)
Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Friday:
** Hotels operator Hilton Worldwide Holdings Inc said it would spin off a bulk of its real estate business into a publicly traded real estate investment trust (REIT). The company also said it would spin off its timeshare business, Hilton Grand Vacations (HGV), into a separate publicly traded company.
** Foxconn, a major supplier to Apple Inc , said on Friday it was in talks with Sharp Corp to clarify a late hitch to its takeover of the Japanese firm, worth an estimated near-$6 billion. It said it hoped for a "satisfactory agreement".
** SunEdison Inc said it had defeated an injunction filed by David Tepper's Appaloosa Management on its TerraForm Power Inc deal. SunEdison said on Thursday it was "gratified" after the Court of Chancery in Delaware denied Appaloosa's injunction to prevent TerraForm, SunEdison's yieldco, from buying some of Vivint Solar Inc's assets.
** Oil producer Petroceltic International Plc's largest shareholder, WorldView Capital Management, offered to acquire the company for 6.42 million pounds ($9 million) in cash, a month after Petroceltic said it was considering an offer.
** India's UltraTech Cement has scrapped plans to buy two of Jaiprakash Associates' cement plants in central India after a court said the deal could not be allowed under current regulations.
** Turkey's authorities plan to sell Islamic lender Bank Asya by May 29 and will liquidate it if they cannot find a buyer, the chairman of the deposit insurance fund said on Friday.
** Turkcell said on Friday it would submit a binding offer for Nordic firm TeliaSonera's 58.55 percent stake in Fintur, giving Turkey's largest mobile operator full control of the Eurasian company.
** The chief executive of the world's largest chemicals group BASF dismissed any suggestion he needed to pursue larger deals to transform its diversified chemicals and oil business.
** Blackstone Group LP and Hong Kong-based Gaw Capital Partners are among three suitors that submitted preliminary bids to buy Singapore's Ascendas Hospitality Trust , people familiar with the matter said.
** The biggest shareholders in Cetip SA Mercados Organizados are willing to accept most terms of an unsolicited takeover offer by rival BM&FBovespa SA, three sources familiar with the matter said on Friday, a major step toward creating the sole exchange and clearinghouse player in Brazil.
** The Baltic Exchange confirmed on Friday it had received a number of "exploratory approaches" after the Singapore Exchange Ltd revealed it was seeking to buy the business which has been the hub of the global shipping market for centuries.
** Singapore sovereign wealth fund GIC will get a 17.39 percent stake in CT Corp's retail arm under a 5.2 trillion rupiah ($387 million) deal, the chairman of the Indonesian conglomerate said on Friday.
** India's state-owned Life Insurance Corp of India bought a majority of shares in a 5 percent stake sale worth $730 million by power utility NTPC Ltd.
** Greek cooler maker Frigoglass said on Friday it terminated an agreement to sell its glass operations to GZI Mauritius Ltd after the prospective buyer did not secure necessary financing for the transaction.
** Co-operative Bulk Handling Ltd, Australia's largest wheat exporter, said on Friday a consortium that has proposed acquiring and listing the Western Australian bulk grain handler has refused to provide further information about its plan.
** Japan's Fukuoka Financial Group and Eighteenth Bank Ltd said on Friday they had agreed to merge next year, another example of consolidation among regional banks as the Japanese industry faces bleak growth prospects. (Compiled by Sruthi Shankar in Bengaluru)