Deals of the day-Mergers and acquisitions

(Adds Microsoft, Time Warner, SandRidge Energy, Lactalis)

Jan 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

** Customer management services provider Convergys Corp

CVG.N on Monday said it would buy rival Stream Global Services Inc for $820 million in cash to expand its client base and international presence. News Search ID:nL3N0KG422

** Private equity group Arle Capital Partners is planning to either sell or float British oil services company Expro as soon as this year, Sky News reported, citing insiders.

News Search ID:nL3N0KG4D1

** Murray Goulburn Co-operative Co Ltd said on Tuesday it expects a regulatory decision on its offer for Australia's Warrnambool Cheese and Butter Factory Holdings Co WCB.AX by the end of February, a shorter time-frame than initially anticipated. Murray Goulburn is anxiously awaiting approval for its A$530 million ($474.96 million) bid as it faces strong competition from Canada's Saputo Inc SAP.TO , which has the only unconditional offer on the table. News Search ID:nL3N0KG4IJ

** Under terms of the accord announced in filings late on Monday, Australian office property developer Commonwealth Property Office Fund CPA's CPA.AX preferred bidder, a consortium led by Dexus Property Group DXS.AX , will sell five office buildings in Sydney and Melbourne with a combined value of about A$1.2 billion ($1.08 billion) to its rival property firm, The GPT Group GPT.AX . News Search ID:nL3N0KG4ES

** Italian insurer UnipolSai US.MI is still assessing an offer by Belgian rival Ageas AGES.BR for the assets it must sell to satisfy competition regulators, Chief Executive Carlo Cimbri was quoted as saying on Tuesday. News Search ID:nL6N0KH0FH

** Specialty pharmaceutical company Sinclair IS Pharma Plc

SPH.L said it entered an agreement to buy the global rights to dermal gel brand Perfectha through the acquisition of dermatology company Obvieline Laboratories SA. News Search ID:nL3N0KH1SP

** The board of directors of Austrian lender Raiffeisen

RBIV.VI may form an opinion as soon as Tuesday on selling all or part of its Hungarian business, the business daily Napi Gazdasag reported without naming its sources. A spokesman for Raiffeisen in Hungary declined immediate comment.

News Search ID:nL6N0KH0O6

** A government decree in Vietnam, on Tuesday said effective on Feb. 20, foreign banks could be allowed to buy majority stakes in domestic lenders considered weak, and marginally greater shares than at present in stronger banks. It did not stipulate what constituted a "weak" bank.

The move is one of a series of incremental steps taken by Vietnam's communist government to revive a once-thriving economy that has been stuck in a quagmire in large part due to high levels of toxic debt and tight lending . News Search ID:nL3N0KH0YT

** Time Warner's TWX.N Warner Bros division is in talks to buy Dutch television production company Eyeworks, Dutch media reported on Tuesday, giving no details of the value of the deal or sources. News Search ID:nL6N0KH1D6

** Oil and gas producer SandRidge Energy Inc SD.N said it would sell its U.S. Gulf of Mexico operations to an affiliate of private equity firm Riverstone Holdings LLC for $750 million to focus on drilling onshore. News Search ID:nL3N0KH32N

** Europe's No. 1 dairy group Lactalis has agreed to buy a controlling stake in India's Tirumala Milk Products for between $250 million and $300 million, two sources with direct knowledge of the matter said on Tuesday. News Search ID:nI8N0CZ02J

** Microsoft Corp MSFT.O said it would buy cloud-based customer service software maker Parature Inc to expand its customer self-service capabilities. Terms of the deal were not disclosed.

(Compiled by Sampad Patnaik in Bangalore)

((sampad.patnaik@thomsonreuters.com)(Within U.S. +1 646 223 8780, outside U.S. +91 80 6749 6378)(Reuters Messaging: sampad.patnaik.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/