Deals of the day-Mergers and acquisitions
Feb 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:
** Stellantis Chairman John Elkann said the automaker had no M&A plans in response to press speculation about a possible French-led merger with rival Renault.
** Steelmaker Acerinox has agreed to buy U.S. alloys manufacturer Haynes International for $798 million, the Spanish company said.
** Chinese conglomerate Fosun International is exploring the sale of a minority stake in its luxury resort chain Club Med, targeting a valuation of $800 million for the whole business, according to two people with knowledge of the matter.
** South Africa's MultiChoice Group said it will not continue talks with Vivendi's Canal Plus after the board concluded that its offer significantly undervalues the company.
** Australia's Lynas Rare Earths said confidential talks have ended with U.S.-based MP Materials for a possible merger that industry sources said would have been difficult for the sides to agree on a value.
** Keppel Infrastructure Trust (KIT) said that it will acquire an around 98.6% stake in Ventura Motors, the largest bus service business in Victoria, Australia, for an enterprise value of A$600 million ($390 million).
** Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement.
** Australia's Metcash said it entered deals to acquire three separate businesses, including private-equity firm Quadrant-owned Superior Food, for a total enterprise value of A$558.5 million ($363.47 million).
** Zee Entertainment can ask an Indian tribunal to enforce a $10 billion merger with Sony's Indian unit after a Singapore arbitration centre rejected an emergency petition by the Japanese company for a stay of proceedings, Zee said on Sunday. (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)