Deals of the day- Mergers and acquisitions
July 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** Deutsche Telekom AG is preparing to sell thousands of German mobile phone masts in a potential 5 billion-euro ($5.5 billion) deal as it seeks to free up funds for investing in its European networks, two sources close to the matter said.
** China's Xinhai Electric Co Ltd has agreed to acquire courier company Shanghai Yunda Express for 18 billion yuan ($2.7 billion) via an asset swap and share issue as it seeks to diversify into the fast-growing logistics sector.
** Estácio Participações SA said its board accepted an improved takeover bid from larger rival Kroton Educacional SA worth 5.5 billion reais ($1.7 billion), in a step toward ending a month-long battle for Brazil's No. 2 for-profit college operator.
** Diversified industrial conglomerate Honeywell International Inc agreed to buy distribution systems and logistics company Intelligrated Inc for $1.5 billion from a company backed by the Permira funds.