Deals of the day- Mergers and acquisitions
Oct 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1445 GMT on Thursday:
** US Airways Group and American Airlines are considering giving up take-off and landing slots at Washington's Ronald Reagan National Airport to win regulator approval of their $11 billion merger, two people familiar with the matter said. The airlines are hoping to reach a settlement with the U.S. Justice Department before the trial, due to begin Nov. 25, paving the way for a deal that would create the world's largest air carrier, the sources said.
** Russian energy companies Novatek and Gazprom Neft are ready to raise their offer to $4.9 billion and fight Rosneft for gas assets owned by Italy's Eni and Enel, Kommersant newspaper reported. Competition for SeverEnergia, which has assets in northern Russia's Yamal-Nenets region, increased last month when state-owned Rosneft, the world's largest oil company by output, signed a deal to acquire Enel's stake in the gas producer for $1.8 billion.
** Qatar's sovereign wealth fund, one of the world's most prolific investors, is building a $1 billion holding in Bank of America, seeking to benefit from the U.S. economic recovery, the Financial Times reported, citing sources close to the plans. Qatar Holding, the investment arm of Qatar Investment Authority, began buying BofA shares about two years ago, the newspaper said on its website, citing a person close to the fund.