August 26, 2019 / 11:54 AM / in 4 months

Deals of the day-Mergers and acquisitions

(Adds Axel Springer and Genscape; Updates Celgene and PDC Energy)

Aug 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Mail management company Pitney Bowes Inc said it would sell its software solutions unit to enterprise solutions provider Syncsort for $700 million in an all-cash deal, as it looks to cut its debt.

** Amgen Inc will buy Celgene Corp's psoriasis drug Otezla for $13.4 billion in cash, clearing the way for Bristol-Myers Squibb to go ahead with its $74 billion deal for Celgene by the end of the year.

** Oil and gas producer PDC Energy Inc agreed to buy smaller rival SRC Energy Inc in a $971.3 million all-stock deal, in an attempt to boost its cash flow and create the second largest producer in Colorado's DJ basin.

** KKR has become the biggest shareholder of German media group Axel Springer, paying 2.9 billion euros ($3.2 billion) for a 43.54% stake, the U.S. private equity firm said.

** Britain's Daily Mail and General Trust said it had agreed to sell its energy information business Genscape to data analytics provider Verisk Analytics for $364 million.

** A consortium led by Asian private equity group RRJ Capital is finalising a deal with Chinese conglomerate HNA Group to invest $4 billion in HNA unit Ingram Micro Inc for a controlling stake in the U.S. electronics distributor, a source said.

** Singapore-based ride-hailing firm Grab is set to invest "several hundred million dollars" in Vietnam where the company sees its next major growth market, just weeks after it unveiled a $2 billion plan in Indonesia.

** Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA to Campbell Soup Co, has amassed a stake in Ray-Ban maker EssilorLuxottica SA, people familiar with the matter said.

** Brazilian investment firm Itausa Investimentos SA delivered the highest bid and entered talks with state-controlled oil firm Petroleo Brasileiro SA on the contract to acquire LPG distribution unit Liquigas, the company said in a securities filing. (Compiled by Vibhuti Sharma and Soundarya J in Bengaluru)

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