Oct 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 13:30 GMT on Thursday:
** Budget airline Norwegian Air is in advanced talks for a potential joint venture ownership of aircraft in its fleet that would free up cash for the rapidly growing company, it said.
** Finnish elevator maker Kone is interested in consolidation, especially in the service industry, its chief executive said.
** Halfords has dropped its plans to buy Evans Cycles, making way for investors like billionaire Mike Ashley’s Sports Direct to buy the chain, Sky News reported citing sources.
** Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings, the fund said.
** French shipping group CMA CGM will offer to buy out other shareholders of Ceva Logistics in a move to reinforce its partnership with the Swiss transport company, which could see CMA CGM end up with majority control.
** French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system maker Clarion Co from Hitachi Ltd for around 80 billion yen ($710 million), the Nikkei reported.
** China’s Wingtech Technology Co Ltd, the world’s largest smartphone contract manufacturer, is acquiring Dutch semiconductor firm Nexperia Holding by buying a majority stake from its Chinese owners for 25.2 billion yuan ($3.63 billion).
** Australia’s largest wealth manager AMP Ltd said it would sell its life insurance arm at a discount and revealed its funds were haemorrhaging cash as clients pulled out their money in response to revelations of systemic wrongdoing.
** Felix Energy LLC, a closely held Denver-based oil producer with operations in the largest U.S. shale field, is exploring a sale that could value the company at more than $3.5 billion, two people familiar with the matter said.
** U.S. telecommunications equipment maker CommScope Holding Co Inc is in talks to acquire set-top box maker Arris International PLC in a bid to expand its offerings, people familiar with the matter said. (Compiled by Aakash Jagadeesh Babu in Bengaluru)