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Deals of the day-Mergers and acquisitions

(Adds Capgemini, Taurus Armas, United Technologies Corp, Sorrento Therapeutics; updates Air India)

Jan 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** EU antitrust enforcers will rule by Feb. 28 whether to approve United Technologies Corp and U.S. contractor Raytheon Co’s bid to create a $121 billion aerospace and defence giant, a filing on the European Commission website showed.

** Sorrento Therapeutics Inc said it had rejected a proposal by a private equity fund for a majority or all of its outstanding shares that had valued the drug developer at as much as $993 million.

** French consulting and IT services provider Capgemini succeeded in securing more than half of the capital of smaller rival Altran Technologies, the French market regulator AMF said, marking a win against U.S. activist fund Elliott.

** Brazilian gunmaker Taurus Armas SA has signed a joint venture with Indian steelmaker Jindal Group to produce and sell guns in India, according to a securities filing.

** Saudi Arabia’s sovereign wealth fund is in talks to buy English soccer club Newcastle United for about 340 million pounds ($447 million), a source familiar with the situation told Reuters, confirming a Wall Street Journal report.

** India said it plans to sell its entire interest in Air India Ltd, making a renewed push to sell the carrier after it drew no bids in an effort to auction a majority stake almost two years ago.

** Nestle said it is buying Allergan’s Zenpep to expand in medical nutrition with a product for people who cannot digest food properly because their pancreas does not provide enough enzymes to break down fat, protein, and carbohydrates.

** Amigo founder James Benamor has put the British subprime lender up for sale, as he wants to find a new owner for his 60.6% stake, the company said on Monday.

** Spanish telecom giant Telefonica has hired investment bank Morgan Stanley to seek an investor to take a stake in its technology unit, news outlet El Confidencial reported, citing unidentified financial sources. (Compiled by Arundhati Sarkar in Bengaluru)

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