Deals of the day- Mergers and acquisitions
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June 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:
** Electricity producer Talen Energy Corp said private equity firm Riverstone Holdings LLC would buy the remaining stake in the company it did not already own for about $1.8 billion, amid a string of deals in the U.S. power industry.
** Commercial real estate manager NorthStar Asset Management Group Inc, REIT NorthStar Realty Finance Corp and private equity firm Colony Capital Inc agreed to an all-stock merger, creating a combined company with $58 billion of assets under management.
** SoftBank Group Corp said on Friday it was selling a further $1.1 billion of its shares in Alibaba Group Holding Ltd, bringing the total it has sold in the Chinese e-commerce company to $10 billion.