Deals of the day-Mergers and acquisitions

April 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** One of Britain's biggest pension scheme investors has called on Dutch paintmaker Akzo Nobel AKZO.AS to engage with U.S. suitor PPG Industries (NYSE: PPG ) PPG.N over a revised bid and criticised the board's handling of the issue. A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered to buy Belle International Holdings Ltd 1880.HK in a deal valuing the entire Hong Kong-listed shoe retailer at about $6.8 billion. The Delhi High Court has approved a settlement of the $1.18 billion dispute between Tata Sons TATAS.UL and NTT DoCoMo 9437.T , allowing the Indian firm to buy out the Japanese firm's stake in the telecoms joint venture, TV news channels reported. Anglo-South African financial services group Old Mutual OML.L is selling its 26 percent stake in an Indian insurance joint venture Kotak Mahindra Bank KTKM.NS for 156 million pounds ($201.75 million), as part of the group's planned break-up into four parts. Bayer's BAYGn.DE chief executive acknowledged that he will face an uphill battle to improve Monsanto's MON.N reputation once Bayer completes the takeover of the U.S. seeds and agrochemicals company. A leading advisor to pension schemes and other investors called for a review of Germany's rules around takeovers, in light of a planned takeover of U.S. agrochemicals company Monsanto (NYSE: MON ) MON.N by Bayer BAYGn.DE . Zodiac Aerospace's ZODC.PA chief executive has offered to resign after another profit warning from the French company, which said it continued to discuss a merger with Safran SAF.PA to end a crisis in its aircraft seats plants. Hedge fund TCI Fund Management renewed pressure on France's Safran SAF.PA to suspend its bid to buy Zodiac Aerospace ZODC.PA after the aircraft seats maker issued a second profit warning in as many months. The world's biggest container shipping company, Maersk Line, will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said. A group backed by KKR & Co KKR.N said it would not undertake further work on a takeover offer for Australia's Tatts Group Ltd TTS.AX after its A$6.15 billion ($4.60 billion) cash bid was rejected by the lottery operator's board. Private equity firm Apollo Global Management LLC APO.N is in advanced negotiations to acquire U.S. telephone conferencing services provider West Corp WSTC.O , people familiar with the matter said on Thursday. China Shengmu Organic Milk Ltd 1432.HK said that a deal to sell a controlling stake to Inner Mongolia Yili Industrial Group Co Ltd 600887.SS was scrapped after it failed to get regulatory approval from Chinese authorities before a deadline last week. Mexican breadmaker Grupo Bimbo said on Thursday it has entered the African market with the purchase of Adghal, a Morocco-based producer of baked goods. The Federal Trade Commission gave a private equity firm approval on Thursday to sell to Dollar General Corp (NYSE: DG ) DG.N 323 stores that Sycamore purchased as part of a divestiture package two years ago, the agency said on Thursday. Suncor Energy Inc SU.TO , Canada's largest energy producer, is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, Chief Executive Steve Williams said on Thursday. Italy's Atlantia ATL.MI has agreed to sell 10 percent of its domestic motorway unit to a series of investors including Allianz ALVG.DE for 1.48 billion euros ($1.6 billion) as it presses ahead with plans to bid for Spanish rival Abertis.