Deals of the day-Mergers and acquisitions
Oct 14 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:
** Private equity firm MBK and Young Poong 000670.KS have secured a more than 5% stake in Korea Zinc 010130.KS through a tender offer that closed on Monday, a person familiar with the matter said. nL1N3LQ085
** South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac DMHL.SI, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million). nL4N3LQ0GS
** Singapore will block a bid by German insurer Allianz ALVG.DE to buy a majority stake in Singapore's Income Insurance but remains open to a new deal if its concerns can be addressed, Prime Minister Lawrence Wong said in a Facebook post on Monday. nL1N3LQ06I
** British luxury brand Mulberry MUL.L said on Monday it is working with advisers to evaluate Frasers' FRAS.L sweetened 111 million pound ($145.1 million) takeover proposal, after its top investor Challice declined to sell shares to the sportswear retailer. nL4N3LQ0BX
** Investment bank B. Riley RILY.O has agreed to sell its appraisal and valuations unit Great American to asset-management firm Oaktree Capital for about $400 million, WSJ reported on Sunday, citing people familiar with the matter. nL4N3LP04G
(Compiled by Rajarshi Roy in Bengaluru)
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