Deals of the Day: Zurich Calls Off RSA Deal, More IPOs Ahead

Deals of the Day is your one-stop-shop for the morning’s biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity. Here’s what’s happening today:

Zurich calls off RSA deal. Zurich Insurance Group AG has called off a planned acquisition of U.K.-based RSA Insurance Group PLC potentially worth $8.8 billion, as the Swiss firm focuses instead on repairing a business affected by a massive disaster in China last month. [WSJ]

Deutsche Wohnen bids for LEG. German real estate company Deutsche Wohnen has made an all-share offer for peer LEG Immobilien that puts LEG's equity value at 4.6 billion euros ($5.2 billion), the companies said in a joint statement on Sunday. [Reuters]

Dialog nabs Atmel. Dialog Semiconductor PLC announced a $4.6 billion cash-and-stock deal to buy Atmel Corp., the latest sign that chip makers are betting on a technology trend called the Internet of Things. [WSJ]

Big landlords to merge. Starwood Waypoint Residential Trust, a publicly traded real-estate investment trust run by Barry Sternlicht, the longtime real-estate investor who is Starwood Capital Group’s chief executive, will combine with closely held Colony American Homes Inc. in a deal that values Colony at about $1.5 billion. [WSJ]

Barrick assets attract interest. There has been strong interest in a package of six U.S. gold assets that Barrick Gold Corp. wants to sell, a senior Barrick executive said on Sunday, adding that he expects a deal to close before year end. [Reuters]

Mylan moves to end stichting. Mylan NV said Monday that it has moved to cancel an obscure but powerful legal vehicle called a “stichting” that the drug company adopted earlier this year when it was fending off takeover attempts from Teva Pharmaceutical Industries Ltd. [WSJ]

Symrise buys Pinova. Canadian private equity firm TorQuest Partners said it would sell specialty chemicals maker Pinova Holdings Inc. to German fragrances and flavors maker Symrise AG for $417 million. [Reuters]

PE firms make IPO push. A raft of big, private-equity-owned companies—including Univision Holdings Inc., owned by several firms, and Cerberus Capital Management LP’s Albertsons Companies Inc.—are aiming for initial public offerings by year-end. The IPO process for KKR & Co.’s First Data Corp., the biggest potential deal, is expected to begin early this week. [WSJ]

Surgery Partners prices. Surgical center manager Surgery Partners Inc.'s initial public offering was priced at $23-$26 per share, valuing the company at up to $1.25 billion. [Reuters]

Aetna-Humana merger development. Federal authorities reviewing the proposed Aetna- Humana merger have asked for more information, pushing back the deadline to rule on the deal. On Friday, the day the deadline was to expire, the companies said they had received a second request for information from the Justice Department. [WSJ]