Deals of the day -- mergers and acquisitions

Published: 27 Jul 2009 22:00:46 PST

July 28 - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0530 GMT on Tuesday.

** Time Warner Inc paid $283 million for Google Inc's 5 percent stake in AOL, the Internet company said in a U.S. regulatory filing. To read more, please double click on

** Agilent Technologies Inc said it will buy Varian Inc for $1.5 billion in cash to bolster its fast-growing bioanalytical measurement business.

** Shanghai Industrial said it would sell its stakes in Bright Dairy and SMIC for a total of HK$2.86 billion (US$369 million) to allow it to concentrate on core businesses.