Deals of the day – Mergers and Acquisitions

(Adds Fiat Chrysler, Bain Capital, Sprint Corp, IP Group)

Sept 24 (Reuters) – The following deals, mergers, acquisitions and sales were reported by 2000 GMT on Tuesday:

** A deal to combine Fiat Chrysler with Renault that was withdrawn in June is no longer on the table and for now seems unlikely to be revived, the French carmaker’s chief executive Jean-Dominique Senard said.

** Bain Capital and Advent are in advanced talks to make a new takeover offer for German lighting group Osram, sources familiar with the matter told Reuters.

**The Federal Communications Commission found that Sprint Corp received tens of millions of dollars in monthly government subsidies to benefit 885,000 low-income subscribers who did not use the service, and said its Office of Enforcement Administration was investigating.

**Struggling fund manager Neil Woodford is set to sell his entire stake in UK intellectual property company IP Group in an accelerated bookbuild, the bookrunner said.

** Thomas Cook’s Nordic unit said it will continue to operate as a separate legal entity from its London-listed parent company, which went bankrupt on Monday, and is seeking new owners.

** PPF investment group, owned by the Czech Republic’s richest man, Petr Kellner, is the last remaining bidder to buy broadcaster Central European Media Enterprises (CME) from AT&T, Czech news server hlidacipes.org reported.

** Canadian pension fund CPPIB has hired U.S. investment bank Citi to explore the sale of its 39% stake in European parking manager Interparking, several sources close to the matter said.

** mBank shares reached their highest level since early August, partly in response to speculation that Poland’s fourth-largest lender in terms of assets is for sale.

** Fluor Corp said it will sell its government and equipment businesses following a strategic review that began in the second quarter.

** The Hong Kong Exchange and Clearing (HKEX)’s bid to take over the London Stock Exchange is based on “thinking big” rather than cost-saving, HKEX Chief Executive Charles Li said.

** German insurers Allianz, Nippon Life and MS&AD Insurance are vying with rivals to acquire British Aviva’s Singapore and Vietnam operations in a deal possibly worth as much as $2.5 billion, sources said.

**Facebook Inc. announced on Monday the purchase of New York-based CTRL-labs, a start-up that researches ways for humans to communicate with computers using brain signals. The value of the transaction, according to CNBC, was $1 billion.

** Tesla Inc Chief Executive Elon Musk insisted that investors approved the purchase of SolarCity in 2016 at a significant premium to its market value even though he knew the solar installer was facing a financial crisis and publicly said he was withdrawing from the deal in compliance with a court order, documents were unsealed on Monday. (Compiled by Ayanti Bera and Sanjana Shivdas in Bengaluru)