(Adds Allergan, Netinera, Delek Group, Alooma)
Feb 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:
** U.S. oil pipeline operator Targa Resources Corp will sell a 45 percent stake in some of its assets in the Bakken region for $1.6 billion as it looks to reduce debt, the company said.
** Amazon.com Inc’s Chinese joint venture is in talks about a merger with local e-commerce firm Kaola, which sells imported products in the Asian country, business magazine Caijing reported.
** Cyber security company Palo Alto Networks Inc said it would buy U.S.-Israeli information security firm Demisto Inc for $560 million in cash and stock.
** Chinese conglomerate Fosun International Ltd announced a takeover bid for troubled German clothing retailer Tom Tailor Holding AG, further expanding its reach into Europe’s fashion sector.
** South Africa’s state-owned defense group Denel could sell stakes in some divisions as part of a new strategy to return to profitability within two years, its chief executive said.
** Japan’s JERA Co, a fuel trading joint venture between Tokyo Electric Power Co Holdings Inc and Chubu Electric Power Co Inc, said it and TEPCO Power Grid will invest up to 25 million pounds ($32 million) in Zenobe Energy, a UK-based battery storage firm.
** UK’s takeover panel said that plastics maker Berry Global Group Inc now has until March 13 to announce a firm intention to make an offer for British packager RPC Group PLC .
** AFK Sistema PAO has agreed to sell 51 percent of real estate company Lider-Invest to homebuilder Etalon , the Russian conglomerate said.
** Student-loan servicer Navient Corp has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company.
** ArcelorMittal SA, the world’s biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar’s 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group’s power portfolio.
** Britain’s competition watchdog said on Monday it was considering whether the completed acquisition of British outsourcing firm Mitie Group Plc’s pest control business by Rentokil Initial Plc could result in a substantial lessening of competition.
** French energy major Total SA said it had acquired unlisted plastics recycling company Synova for an undisclosed amount, in a move that expands Total’s plastics recycling business and helps to curb plastics waste.
** Valve maker Spirax-Sarco Engineering Plc said it had started exclusive talks to buy Thermocoax Developpement, a French insulation products maker, for 158 million euros ($178.7 million) to grow in Europe and the United States.
** Soft drink bottler Coca-Cola HBC AG said it would buy Serbian biscuit and confectionary maker Bambi for an enterprise value of 260 million euros ($294 million) from private equity investor Mid Europa Partners.
** Buyout group Triton has emerged as the leading bidder for reusable plastic container firm IFCO Systems put on the block by Australian pallets and container firm Brambles Ltd, people close to the matter said.
** Malaysia’s Axiata Group Berhad, the largest shareholder in Singapore mobile operator M1 Ltd, has accepted a bid from Singapore investors that valued M1 at S$1.9 billion ($1.4 billion).
** Billionaire hedge fund manager David Tepper stepped up pressure on Allergan Plc, saying the drugmaker should consider selling itself if management is unable to turn around recent lagging performance.
** Netinera, the German rail subsidiary of Ferrovie dello Stato, is looking for a new investor as minority shareholder Cube is putting its 49 percent stake on the block, people close to the matter said.
** Israel’s Delek Group said it was in advanced talks to sell its remaining 30 percent stake in insurer Phoenix Holdings for 1.6 billion shekels ($442 million).
** Alphabet Inc’s Google said it will buy data migration company Alooma, as part of efforts to catch up with bigger cloud service rivals Amazon.com Inc and Microsoft Corp. (Compiled by Diptendu Lahiri in Bengaluru)