Celesio's supervisory and management board on Wednesday recommended shareholders to approve the $8.3 billion buyout offer from US drug distributor McKesson Corp. Elliott Management Corp, one of Celesio's shareholders, earlier refused McKesson's offer.

San Francisco-based mobile game business engine Playhaven and mobile analytics firm Kontagent have decided to merge in an all-stock deal is said to be worth hundreds of millions of dollars.

Canada Pension Plan Investment Board, one the country's top pension funds, has purchased a 15% stake in Orpea. CPPIB paid €320.8 million for the minority stake in the French nursing home company.

US-based mobile payments company Square has made its second acquisition in a week with the purchase of Evenly, an app that helps users share expenses, in a deal with undisclosed financial terms.

Credit ratings agency Moody's Corp has acquired Amba Investment Services for an undisclosed amount. The Economic Times reported the purchase highlighted an appetite for big data and knowledge outsourcing firms.

Hengdeli Holdings will be acquiring control of Shenzhen Feierpusi Electronics Co, which owns an 88.6% stake in a watch retailer in Nanchang.

CANGENE CORP CNJ.TO SAYS CREDIT SUISSE SECURITIES (CANADA), INC. IS ACTING AS FINANCIAL ADVISOR TO CANGENE

The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.

KKR & Co LP and Carlyle Group LP are competing for National Vision Inc, the fourth-largest U.S. retailer of eyeglasses and contact lenses, in an auction that could fetch up to $1 billion, people familiar with the matter said this week.

Fortis Inc. announced today that it has entered into an agreement and plan of merger to acquire UNS Energy Corporation for US$60.25 per common share in cash