Deals of the day- Mergers and acquisitions
(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.