Deals of the day-Mergers and acquisitions

June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

Santander said it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank as the Spanish lender pivots towards becoming a digital-first bank in the United States.

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Brighton & Hove Albion owner Tony Bloom has invested 9.86 million pounds ($13.41 million) to acquire a 29% stake in Heart of Midlothian, the Scottish Premiership club said.

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Spain's BBVA will decide shortly whether to move ahead with its hostile bid for Sabadell after reassessing cost savings in light of conditions imposed by the Spanish government, the bank's manager for Spain said.

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Spain's Sabadell SABE.MC would consider selling its British unit TSB if such a deal created value, the bank's Chief Executive Cesar González-Bueno said on Wednesday

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UK's Warehouse REIT accepted a 485.2 million pound ($661 million) takeover offer from Tritax Big Box REIT , walking away from a previous deal with Blackstone agreed in early June. nL4N3SS0JF

French state-owned utility EDF's new chief is considering a sale of some assets as part of a review of the firm's portfolio in a bid to meet government demands to spur investments in new nuclear reactors, the Financial Times reported. nL4N3SS0PR

New Zealand accounting software giant Xero agreed to buy New York payments provider Melio for $2.5 billion, the companies said, accelerating the Kiwi firm's push into the U.S. with the country's biggest outbound deal in over a decade. nL4N3SR1OJ

Monte dei Paschi di Siena BMPS.MI said the European Central Bank had approved its proposed acquisition of rival Mediobanca MDBI.MI, including under a scenario in which it gains a stake of less than 50% in the rival. nL1N3SS06L

Brighthouse Financial BHF.O has narrowed down a field of suitors to money manager TPG and Abu Dhabi-backed financial investor Aquarian Holdings, as the U.S. life insurance and annuity provider continues to explore a potential sale, according to people familiar with the matter. nL1N3SR0VX