Deals of the day-Mergers and acquisitions

Jan 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:

Paramount Skydance <PSKY.O> reaffirmed its $30-per-share cash bid for Warner Bros Discovery <WBD.O>, reiterating that its offer is superior to the HBO Max owner's deal with Netflix <NFLX.O>.nL4N3Y90YT

India's Bajaj Group has acquired a 23% stake in its insurance subsidiaries from Allianz SE <ALVG.DE> for 213.90 billion rupees ($2.38 billion), group firm Bajaj Finserv <BJFS.NS> said.nL4N3Y90WG

Allianz has completed the 2.1 billion euro ($2.45 billion) sale of 23% of the shares in two joint ventures, Bajaj General Insurance Company and Bajaj Life Insurance Company, to Bajaj Promoter Group, the company said.nL6N3Y90R3

Brown & Brown wholesale unit Bridge Specialty Group announced that it has acquired Pennsylvania-based MGA and wholesale insurance brokerage Shoemaker & Besser.nL6N3Y90QD

Saudi Arabia's SABIC <2010.SE> has agreed to sell its European petrochemical business and its Engineering Thermoplastics business in Europe and the Americas for a combined enterprise value of $950 million, as part of a restructuring during an industry slowdown.nL6N3Y90DR

Eli Lilly will buy autoimmune drug developer Ventyx Biosciences for $1.2 billion in cash, the companies said on Wednesday, marking the Zepbound maker's latest push to expand beyond its blockbuster diabetes and weight-loss drugs.nL4N3Y81JD

AbbVie on Wednesday denied it was in talks to buy Revolution Medicines after the Wall Street Journal reported the drugmaker was in advanced discussions to acquire the cancer-drug developer.nL4N3Y81GA