Deals of the day- Mergers and acquisitions

miércoles 30 de marzo de 2016 16:04 GYT

(Adds Allianz, Giordano's, Companhia Energética de Minas Gerais; Updates Premier Foods, Twenty-First Century Fox)

March 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** German insurer Allianz SE is looking to sell a $5 billion portfolio of life insurance policies in Italy, sources familiar with the matter said.

** Taiwan's Foxconn agreed to buy Sharp Corp at a big discount to its original offer after a month of wrangling that sowed more doubts over whether the two companies can work well together and fend off fierce competition from smartphone display rivals. Foxconn, formally known as Hon Hai Precision Industry Co, will pay about $3.5 billion for a two-thirds stake, nearly $900 million less than its initial offer, the companies said.

** Britain's Premier Foods Plc agreed to hold talks with McCormick & Co after the U.S. company raised its takeover proposal for a second time, pushing for a deal that would boost its stable of kitchen cupboard brands.