Deals of the day- Mergers and acquisitions
(Adds Valeant Pharmaceuticals, Fortum, Carmike Cinemas)
March 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** Australia's TPG Telecom Ltd said it would buy domestic Internet services provider iiNet Ltd for A$1.4 billion ($1.1 billion), in a deal that could provoke a counter offer from larger rival Optus.
** Valeant Pharmaceuticals International Inc plans to raise its bid for Salix Pharmaceuticals Ltd to above $160 per share, a source familiar with matter told Reuters, hoping to end a bidding war with Endo International Plc .
** Finnish utility Fortum has agreed to sell its Swedish electricity distribution business to a consortium including Canada's Borealis for about 6.6 billion euros ($6.9 billion), completing its exit from Nordic power grid assets.