(Adds GlaxoSmithKline, AC Milan, Aramco)
July 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** Saudi Aramco’s (IPO-ARMO.SE) Chief Executive Officer Amin Nasser said that an agreement over a potential acquisition of a stake in Saudi petrochemicals maker SABIC would affect the time frame of its planned initial public offering.
** GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company’s board to spin off its consumer division, the Financial Times reported.
** The Court of Arbitration for Sport overturned a decision by European soccer body UEFA to ban AC Milan from next season’s Europa League competition, saying the Italian club’s finances had improved after a recent ownership change.
** A federal appeals court approved the U.S. Justice Department’s request for an expedited schedule for an appeal of a judge’s ruling that allowed AT&T Inc to buy content provider Time Warner.
** India’s UPL Corp said it would buy the agrochemicals business of Platform Specialty Products Corp for $4.2 billion in cash.
** U.S. custodian bank State Street Corp said it would buy Charles River Development, a privately held investment management firm, for $2.6 billion in cash.
** Sweden’s Telia Company announced a $1 billion deal to buy Bonnier Broadcasting, its second major acquisition in a week as the top Nordic telecoms operator looks to expand its media business.
** SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported.
** Airbus is making a fresh attempt to sell supplier PFW Aerospace, which it acquired in 2011 to avoid an insolvency of the maker of precision tubes and components, sources close to the matter said.
** A consortium led by Italy’s Snam will take a majority stake in Greek gas grid operator DESFA under a 535 million euro ($623 million) deal, the country’s HRADF privatisation agency said.
** Philippine conglomerate Aboitiz Equity Ventures Inc said its agribusiness and food unit has bought a majority stake in one of Asia’s major animal feeds producers for $334 million, its largest acquisition in the region to date.
** Kimberly-Clark Corp is exploring a sale of its European tissue business, as it tries to slash costs and combat slowing sales by exiting less profitable areas, according to people familiar with the matter.
** India’s third-biggest software services exporter, Wipro Ltd, said it would buy U.S.-based Alight Solutions’ India operations for $117 million in cash.
** The ExxonMobil-operated Papua New Guinea gas project has agreed a deal to supply liquefied natural gas (LNG) to PetroChina Co Ltd, Australia’s Oil Search Ltd , a partner in the project, said.
** U.S. hedge fund Elliott Management has raised its stake in Alpine Electronics Inc to 6.3 percent, a regulatory filing showed, in a move that could add pressure on the Japanese company to reward minority shareholders.
** China Vanke said a major shareholder Baoneng Group has cut its shareholding in the property developer by 5 percent to 20.4 percent in the past three months.
** EasyJet and Lufthansa are still interested in Alitalia after an Italian minister said this week the government wants the majority of the loss-making carrier under state control, the British and German carriers said.
** Global independent tank storage company Vopak said it has inked an agreement with Engro Corp Ltd to buy a 29 percent stake in Pakistan’s first liquefied natural gas (LNG) import facility.
** Experian Plc’s deal to buy fellow credit data provider ClearScore may reduce competition in the market, the UK’s competition regulator said.
** Hog producer Seaboard Corporation has failed to buy out the three quarters of minority shareholders in Kenyan agro-processor Unga Group that would have allowed it to eventually take the company private, it said.
** Nordea Asset Management said it had agreed to take a 40 percent stake in hedge fund Madrague Capital Partners, as part of which the latter will manage a new long-short equity fund.
** WH Ireland Group said that its second biggest investor, Kuwaiti European Holding Group (KEH), had transferred ownership of its 23.1 percent stake in the financial services company. (Compiled by Arunima Banerjee and Aakash Jagadeesh Babu in Bengaluru)