Deals of the day-Mergers and acquisitions

May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday :

Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit <CRDI.MI> at a steep discount, a document seen by Reuters showed.

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Global Payments <GPN.N> said it would sell its payroll division, Heartland Payroll Solutions, to financial technology firm Acrisure for $1.1 billion, marking the payments company's latest attempt at simplifying its business model.

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U.S. brokerage firm Cantor Fitzgerald said it would buy Swiss lender UBS' <UBSG.S> hedge fund unit, O'Connor.

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Japan's leading dispensing pharmacy operator Ain Holdings <9627.T> has decided to acquire competitor Kraft in a deal exceeding 100 billion yen ($693.3 million), the Nikkei business daily reported.

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British pest control company Rentokil Initial said it would sell its workwear, flat linen and clean room business in France to H.I.G. Capital in a deal that values the business at about 410 million euros ($463.8 million).

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British American Tobacco has sold a $1.5 billion stake in Indian consumer goods company ITC at 413 Indian rupees per share, according to a term sheet seen by Reuters.

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Singapore's CapitaLand Ascendas REIT said it will acquire a data centre and a premium business park property in the city-state for a combined S$700.2 million ($543.63 million).

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Motorola Solutions said on Tuesday it would acquire wireless-radio maker Silvus Technologies for $4.4 billion as the safety equipment maker looks to bolster its position in the market and take advantage of rising demand.

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Definity Financial Corporation has agreed a definitive C$3.3 billion ($2.4 billion) cash deal to acquire all but the surety unit of Travelers Canada in a deal that would establish the Waterloo, Ontario-based insurer as the country’s fourth largest P&C carrier.

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