Deals of the day-Mergers and acquisitions
May 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:
China's Ant Group will sell a 4% stake in Indian payments firm Paytm <PAYT.NS> for $242 million, a term sheet seen by Reuters showed.
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Danone <DANO.PA> said it has agreed to buy a majority stake in Kate Farms, a U.S. maker of plant-based organic drinks that will fit into the French food giant's specialized nutrition portfolio.
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Billionaire Rodolphe Saade's family holding Merit France has acquired a 20% stake in French cinema chain Pathe for an undisclosed amount, privately owned Pathe said.
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Japan's Sumitomo Metal Mining (SMM) <5713.T> said it has agreed to buy a 30% stake in the Winu copper-gold project in Western Australia from Rio Tinto <RIO.L>, <RIO.AX>.
Spanish defence company Indra IDR.MC sent a non-binding offer for Italian group Iveco's IVG.MC defence business, newspaper El Economista reported, citing unidentified market sources. nL1N3RK056
Canadian miner Pan American Silver PAAS.TO will acquire MAG Silver Corp MAG.TO in a transaction which values the silver mining company at about $2.1 billion, the companies said on Sunday. nL4N3RK05D
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