Deals of the day- Mergers and acquisitions
July 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** Yahoo Inc is focused on selling its core business to U.S. telecommunications company Verizon Communications Inc after reviewing final bids that it received this week, people familiar with the matter said.
** U.S. gaming holding company Caesars Acquisition Co (CAC) is in exclusive talks to sell the online games business of Caesars Interactive Entertainment Inc to a Chinese consortium that includes Giant Interactive Group Inc, people familiar with the matter said on Thursday.
** Cosmetics company L'Oreal has agreed to buy IT Cosmetics, a U.S. maker of beauty products for women with severe skin conditions, for $1.2 billion, the French firm said on Friday.
** U.S. factory automation equipment maker Emerson Electric Co has made an offer to acquire pump manufacturer Pentair Plc's troubled valves and controls division, according to people familiar with the matter. Continuación...