Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** German rail operator Deutsche Bahn [RIC:RIC:DBN.UL] said that it will take some time to evaluate the offers received for its logistics subsidiary Schenker after the submission deadline.

** Between seven and 10 companies have made non-binding offers for Schenker, the logistics subsidiary of German national rail company Deutsche Bahn, the Handelsblatt business daily reported, citing sources familiar with the matter.

** German broadcaster ProSiebensat.1 called on shareholders to vote down proposals by MFE-MediaForEurope MFEA at the upcoming annual general meeting, pushing back against the top investor's bid to split the company.

** Renault RNO plans to sell a stake of about 2.5% in Nissan 7201 shares to the Japanese car maker in a deal that could generate up to 362 million euros ($392 million), the French firm said.

** German nationalised energy company SEFE will take full ownership of gas transmission network WIGA by buying out joint venture partner Wintershall Dea [RIC:RIC:WINT.UL] in the latest sign of Berlin tightening its grip on energy infrastructure.

** MKAO Rasperia Trading Limited, a Strabag STR shareholder formerly controlled by Russian businessman Oleg Deripaska, was sold to Russian company Iliadis JSC, the Austrian construction firm said.

** Shares in DS Smith SMDS opened 7.7% higher after the company said it is in talks with International Paper IP over an all-stock offer from its U.S.-listed rival.

** Swiss Steel Group STLN said its French unit Ascometal ended exclusive talks announced in December over the sale of several of its sites in France to Italian steelmaker Acciaiere Venete.

** U.S. oil refiner Phillips 66 PSX is exploring a sale of its 25% stake in the Rockies Express Pipeline that it hopes could be worth more than $1 billion, including debt, people familiar with the matter said on Tuesday.