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:

** Fiat Chrysler’s merger offer with Renault, which was withdrawn in June, is no longer valid and appears unlikely to be revived for now, said the French carmaker’s CEO Jean-Dominique Senard.

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

**The Federal Communications Commission reported that Sprint Corp. received tens of millions of dollars a month in government subsidies for 885,000 low-income subscribers who did not use the service. The Bureau of Law Enforcement is investigating this matter.

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

** Thomas Cook’s Nordic company said it would continue to operate as a separate legal entity from its London-listed parent company, which went bankrupt on Monday, and is looking for 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 possibility of selling its 39% stake in European parking operator Interparking, multiple 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 plans to sell its government and equipment businesses following a strategic review that began in the second quarter.

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

** German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy U.K.-based Aviva’s operations in Singapore and Vietnam in a deal that could be 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 urged investors to approve the purchase of SolarCity in 2016 at a large premium to its market value, despite knowing the solar installer was struggling with cash and publicly saying he had withdrawn from the deal, according to court documents unsealed on Monday. (Compiled by Ayanti Bera and Sanjana Shivdas in Bengaluru)