Deals of the day-Mergers and acquisitions

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 Deals of the day-Mergers and acquisitions
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Dec 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 10:30 a.m. GMT on Wednesday:


** Brazilian transportation infrastructure company CCR SA said late on Tuesday it had agreed to sell fiber optic subsidiary Samm to Luna Fibra for 245 million reais ($46.29 million).

** ABB has completed the sale of its remaining 19.9% stake in the power grids business it sold to Hitachi , the Swiss engineering and technology group said.

** Indian mattress maker Sheela Foam Ltd will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million), ET Now reported, citing sources.

** Crypto miner Argo Blockchain said it will sell its mining facility Helios for $65 million and refinance a new asset-backed loan as it seeks to avoid bankruptcy, sending its London-listed shares soaring.

** Australia's Nitro Software rejected an alternative takeover offer from private-equity (PE) firm Potentia Capital, which gave Nitro shareholders the choice of an all-cash, stock, or a combination of both, at the same offer price.

** Malaysian consumer-to-property conglomerate Berjaya Corp is evaluating a "major potential acquisition" involving a licensed entity governed by the Malaysian central bank, it said in a stock filing late Tuesday.

** Australia's Genex Power said that a consortium led by Atlassian co-founder Scott Farquhar had dropped its proposal to buy the renewable energy developer for A$346.3 million ($233.06 million). (Compiled by Rajarshi Roy and Aditya Samal)

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