UPDATE 2-Deals of the day -- mergers and acquisitions

(Adds Hewlett-Packard, Cumulus Media, and others)

May 12 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Monday.

(For Reuters columns on deals, click on [DEALTALK])

** Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) is close to a deal to buy Electronic Data Systems Corp (EDS.N: Quote, Profile, Research, Stock Buzz) for $12 billion to $13 billion, the Wall Street Journal reported on its Web site on Monday. [nN12305396]

** The banks and buyers in the Clear Channel Communications Inc (CCU.N: Quote, Profile, Research, Stock Buzz) case are in settlement talks, two sources familiar with the situation said, as the scheduled start of a New York trial over financing the $20 billion buyout was delayed. [nN12285184]

** GSC Acquisition Co (GGA.A: Quote, Profile, Research, Stock Buzz), a special purpose acquisition company, said it would acquire privately held power producer Complete Energy Holdings in a $1.3 billion deal. [nN12215786]

** Cumulus Media Inc (CMLS.O: Quote, Profile, Research, Stock Buzz) became the latest leveraged buyout deal to collapse as the investor group set to buy the radio broadcaster for $1.3 billion failed to agree on the transaction terms. [nBNG184726]

** Britain's Chloride Group Plc, which makes products to protect against power shortages, has rejected a $1.28 billion bid approach from U.S. diversified manufacturer Emerson Electric Co (EMR.N: Quote, Profile, Research, Stock Buzz). [nL12563023]

** British-based electricity firm International Power (IPR.L: Quote, Profile, Research, Stock Buzz) has agreed to buy four U.S. power generation plants for $856.4 million to expand its presence in the country, it said. [nL12485204]  Continued...