Deals of the day
June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
** The RiskPoint Group has agreed to acquire Corvus Underwriting GmbH in Frankfurt from Travelers, with the European managing general underwriter looking to expand in German cyber insurance.
** Spirit Airlines urged the Transportation Department to reject a proposed JetBlue Airways (JBLU.O), opens new tab and United Airlines (UAL.O), opens new tab partnership, saying it was anticompetitive and will prompt large carriers to pursue similar deals. read more
** Private equity firms Apax Partners, EQT (EQTAB.ST), opens new tab, and Hellman & Friedman are among the firms considering offers for the Spanish business of the online classifieds group Adevinta, according to two people with knowledge of the situation.
** Spain's BBVA (BBVA.MC), opens new tab will not be allowed to integrate its operations with Sabadell (SABE.MC), opens new tab for at least three years as one of the conditions imposed by the Spanish government on its hostile bid for its smaller rival in a potential blow to the suitor's expansion plans. read more
** The European Central Bank has cleared Monte dei Paschi di Siena's proposed acquisition of rival Mediobanca MDBI.MI, a source with knowledge of the matter told Reuters, as a raft of takeover bids reshapes Italian finance. read more
** Volvo Group said it would sell its 70% stake in China's Shandong Lingong Construction Machinery Co (SDLG) and buy its European construction equipment supplier Swecon as it looks to refocus on core brands. read more
** Italian utility ACEA has approved a binding offer from Eni's retail and renewables business Plenitude to acquire its energy retail arm ACEA Energia in a deal worth 588.5 million euros ($682 million), it said. read more
** South Korean game company Krafton Inc <259960.KS, opens new tab> said it had agreed to buy Japan's advertising and animation group ADK for 75 billion yen ($516.21 million). read more
** Ohio Farmers Insurance Company, the parent company of Westfield, has entered into a definitive agreement to sell Westfield Bancorp to First Financial Bancorp in a cash-and-stock transaction valued at $325 million.
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