Deals of the day -- mergers and acquisitions
(Adds Cairn Energy, Chrysler, Arsenal)
May 27 (Reuters) - The following bids, mergers, acquisitions and disposals, involving U.S., European and Asian companies were reported by 2000 GMT on Friday.
** An Indian ministerial panel will recommend granting a conditional approval to Vedanta Resources' $9.6 billion plan to buy Cairn Energy's India assets, a government source said on Friday. [ID:nL3E7GR2OA]
** Fiat SpA plans to exercise an option to buy the U.S. Treasury's stake in Chrysler, which paves the way for the Italian automaker to clinch a majority share in the company by early next month. [ID:nN27122801]
** Russian billionaire Alisher Usmanov has further increased his stake in Arsenal -- one of Europe's leading soccer clubs -- as Usmanov continues to battle against rival Stan Kroenke's takeover of the English team. [ID:nLDE74Q1YI]