Deals of the day-Mergers and acquisitions
(Adds Porter Aviation Holdings, Alsea, Kering, Teck Resources; updates Shell)
July 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1957 GMT on Thursday:
** The CEO of Teck Resources Ltd said the Canadian miner is considering a range of proposals, including a partial sale of its coal business from various interested parties, after Glencore offered up to $8.2 billion for the unit.
** French luxury group Kering, which is struggling to revive sales at its star brand Gucci, said it was buying a 30% stake in Italian fashion label Valentino from Qatari investment fund Mayhoola for 1.7 billion euros ($1.87 billion) in cash.
** The chief executive of Mexico-based restaurant chain operator Alsea said the company is close to sealing a deal on electricity supplies for its stores in Europe, where spiraling energy costs have bitten into company earnings.
** Porter Aviation Holdings Inc said it was entering into a partnership with Macquarie Asset Management to support development of a previously announced passenger terminal at Montréal Saint-Hubert Airport.
** Top LNG trader Shell expects its sale agreement with Venture Global LNG to be honoured and does not see this happening at the moment, CEO Wael Sawan said.
** Top shareholders of Indian drugmaker Cipla are in talks to sell a part of their stake in the company to private equity players including Blackstone and Baring Asia, Moneycontrol reported on Thursday.
** Global Auto Holdings said it had raised its cash buyout offer for Lookers by 10 pence to 130 pence per share, valuing the British car dealership at 504.2 million pounds ($654.15 million)
** Aerospace and defense company L3Harris Technologies said on Wednesday it was informed that the U.S. Federal Trade Commission would not block its $4.7 billion deal for Aerojet Rocketdyne (Compiled by Rajarshi Roy, Aishwarya Jain and Sriparna Roy in Bengaluru)