Deals of the day- Mergers and acquisitions

Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:

** PC maker Lenovo Group Ltd 0992.HK , has agreed to buy IBM Corp's IBM.N low-end server business in a long-awaited deal valued at about $2.3 billion, which is the biggest-ever tech acquisition by a Chinese company. News Search ID:nL3N0KX1OS

** Australia's Murray Goulburn Co-operative Co Ltd agreed to sell its 17.7 percent stake in Warrnambool Cheese and Butter Factory Co Holdings Ltd WCB.AX to rival bidder Saputo Inc

SAP.TO , finally bowing out of the hotly contested bidding battle. Murray Goulburn's sale will lift Saputo's stake in Australia's oldest dairy firm to 75.4 percent, triggering a 20 cent rise in its offer price to A$526 million ($465.96 million or A$9.40 per share. News Search ID:nL3N0KX1KB

** French chemicals group Arkema SA AKE.PA said it had set up a joint-venture with Jurong Chemical, China's biggest manufacturer of acrylic acid and a unit of Singapore-listed firm Sunvic Chemical Holdings Ltd SVCH.SI , with an initial investment of $240 million. News Search ID:nL5N0KX0EY

** Intellectual property marketing company IP Group Plc

IPO.L said it agreed to buy the about 80 percent stake it does not already own in peer Fusion IP Plc FIP.L for about 70 million pounds ($116 million) in stock. News Search ID:nL3N0KX2HN

** The majority shareholder behind German drugs distributor Celesio AG CLSGn.DE has offered 23.50 euros ($31.88) for each Celesio share held by hedge fund Elliott Management Corp, as part of a fresh attempt to secure the sale to U.S. drugs wholesaler group McKesson Corp MCK.N , three people familiar with the talks told Reuters. News Search ID:nWEB00H3S

** French media group Lagardere SCA LAGA.PA has received three preliminary offers for the magazines it has put up for sale and expects firm offers by Feb. 15, French daily Le Figaro reported. News Search ID:nL5N0KX12V

** Barrick Gold Corp ABX.TO said on Wednesday it had agreed to sell its Kanowna gold mine in Western Australia to Northern Star Resources Ltd for A$75 million, as part of its move to sell non-core assets and focus on its lower cost mines.

News Search ID:nL2N0KW24T

** Philippine Airlines PAL.PS , owned by conglomerates San Miguel Corp SMC.PS and LT Group Inc LTG.PS , has delayed its planned investment in Cambodia Airlines Co Ltd as it reviews the project due to the political situation in that country, BusinessWorld newspaper reported on Wednesday. News Search ID:nL3N0KX070

** Germany's Hapag-Lloyd Href="NewsSearch">HPLG.UL and Chilean shipper Compania SudAmericana de Vapores SA VAP.SN have agreed to a business tie-up that would create the world's fourth largest container-shipping company, the companies said on Wednesday.

News Search ID:nL2N0KW1MK

** Carl Icahn has taken a stake in eBay Inc EBAY.O and is proposing a spin-off of its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor.

($1 = 0.60 British pounds)

($1 = 1.13 Australian dollars)

($1 = 0.7372 euros)

(Compiled by Shivani Mody in Bangalore)

((shivanibipin.mody@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S +91 80 6749 3428)(Reuters Messaging:)(Reuters Messaging: shivanibipin.mody.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/