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M&A Navigator: Deal Pipeline -- 23 Oct 2009
(M&A Navigator Via Acquire Media NewsEdge) The following is a list of deals covered in detail by M&A Navigator this week:
- VIMPELCOM CEO REBUFFS BIDDING FOR ZAMTEL
Boris Nemsic, chief executive of Russian telecoms group Vimpelcom (RTD:VIMP), ruled out speculation that the company was bidding for Zambia's fixed-line operator Zamtel.
Status: Denied
- EU GREENLIGHTS MERCK TAKEOVER OF SCHERING-PLOUGH
The European Commission said it has cleared the USD41.1bn (EUR27.4bn) takeover of US drug maker Schering-Plough Corp (NYSE:SGP) by bigger rival Merck & Co (NYSE:MRK).
Status: Agreed
- FAR EAST TELECOM TO PAY USD45M FOR SAKHATELECOM BUYOUT
Russian telecomms group Far East Telecom (PINK:FEEOY), or OJSC Dalsvyaz, said it has agreed to pay RUB1.318bn (USD45m/EUR30m) to buy out its subsidiary Sakhatelecom, in which it currently holds 51%.
Status: Agreed
- ADOBE CLOSES TENDER OFFER FOR OMNITURE SUCCESSFULLY
US software developer Adobe Systems (NASDAQ:ADBE) has closed the USD21.50 (EUR14.30) per share cash tender offer for business optimisation software maker Omniture (NASDAQ:OMTR) with 68.1 million shares having been tendered.
Status: Agreed
- PORTER BANCORP STARTS EXCHANGE OFFER FOR CITIZENS FIRST CORP
US bank holding company Porter Bancorp (NASDAQ:PBIB) said it has initiated an exchange offer to buy all the shares of peer Citizens First Corporation (NASDAQ:CZFC) for USD9 (EUR5.99) per share.
Status: Bidding
- SYLVANIA RESOURCES TERMINATES DEAL WITH FINNISH RUUKKI
Australian mineral explorer Sylvania Resources (ASX:SLV) said it has terminated its agreement to be acquired by Finnish mineral refiner Ruukki Group (HEL:RUG1V).
Status: Terminated
- UBS SELLS CAJA MADRID'S STAKE IN BANKINTER AT EUR7.72 P/S
Swiss investment bank UBS (VTX:UBSN) said it has sold 13.75 million shares in Spanish Bankinter (MCE:BKT) to qualified and institutional investors at EUR7.72 (USD11.60) apiece or a total EUR106.2m.
Status: Closed
- LUFTHANSA OFFERS EUR0.50 P/S SQUEEZE-OUT TO AUA
Germany's flag carrier Lufthansa (ETR:LHA) will pay EUR0.50 (USD0.75) per share to the minority shareholders of Austrian Airlines (WBAG:AUA) in a squeeze-out awaiting the go-ahead by the board of directors, AUA said.
Status: Agreed
- T. ROWE PRICE REDUCES INTEREST IN GUANGSHEN RAILWAY
US financial services group T. Rowe Price (NASDAQ:TROW) has lowered its stake in Chinese railway company Guangshen Railway (HKG:0525; SHA:601333) to 4.98% from 5.15%.
Status: Closed
- ARCANDOR'S INSOLVENCY ADMIN NEGOTIATES SALE OF PRIMONDO PARTS
The insolvency administrator of German retailer Arcandor (ETR:ARO), Klaus Hubert Goerg, yesterday initiated talks to divest parts of the company's unit Primondo to home mail-order firm Otto.
Status: Auction
- POLYMETAL GETS STATE COMMISSION THUMBS-UP TO BUY OUT MAYSKOYE
Russian gold and silver miner Polymetal (MCX:PMTL; LON:PMTL) said it has won the go-ahead by the state commission to buy out Zolotorudnaya Kompaniya Mayskoye.
Status: Agreed
- EDWARD JONES DISPOSES OF UK OPS
US securities firm Edward Jones said it has agreed to divest from its UK unit, Edward Jones Ltd, to Britain's wealth advisory Towry Law for an undisclosed sum.
Status: Agreed
- NEWS CORP COMES OUT AS LEAD BIDDER FOR THE TRAVEL CHANNEL
Rupert Murdoch's media group News Corp (NASDAQ:NWSA) has emerged as the frontrunner for the acquisition of 65% in satellite and cable network Travel Channel from US sector player Cox Communications.
Status: Bidding, Speculation
- PKN ORLEN CEO SAYS NOT IN TALKS ON MAZEIKIU NAFTA SALE
Polish major refinery PKN Orlen (WAR:PKN) is not holding talks with potential buyers over the sale of its Lithuanian unit Mazeikiu Nafta, the company's chief executive Jacek Krawiec said.
Status: Denied
- AMKOR SETS UP CHIP ASSEMBLY JV WITH NAKAYA, TOSHIBA
Japanese Nakaya Microdevices (NMD) and Toshiba (TYO:6502) and US Amkor Technology (NASDAQ:AMKR) said they have struck a joint-venture deal to provide semiconductor assembly and final testing services in Japan.
Status: Agreed
- APOLLO COMPLETES USD3.15 P/S CASH BID FOR PARALLEL PETROLEUM
US asset manager Apollo Global Management said it has successfully completed its tender offer for US oil and gas group Parallel Petroleum Corp (NASDAQ:PLLL) priced at USD3.15 (EUR2.10) per share in cash.
Status: Agreed
- CEO SAYS PRISA SET TO DISPOSE OF PART OR ALL DIGITAL+
Spanish media group Promotora de Informaciones (MCE:PRS), or Prisa, is ready to offload part or the entire pay-TV unit Digital+.
Status: Auction
- AUSTRIAN CWT BOARD BACKS CANADIAN GLV'S TAKEOVER OFFER
Austrian water treatment solutions provider Christ Water Technology AG (WBAG:CWT) said its management and supervisory board have advised shareholders to accept the takeover offer by Canadian technology group GLV (TSE:GLV.B).
Status: Bidding
- SLOVENIAN ABANKA SUPERVISORY BOARD CLEARS MERGER WITH GORENJSKA BANKA
The supervisory board of Slovenian bank Abanka Vipa (LJE:ABKNT) gave the go-ahead to a project to merge with local peer Gorenjska Banka to create one of the country's top banks.
Status: Talks
- GROUPAMA TIES UP ITALIAN OPS TO BOOST PROFIT
French insurer Groupama has merged its Italian units under a single brand, a move aimed at converting Groupama Assicurazioni into its most profitable business, Groupama's head of international business said.
Status: Closed
- FINNISH RETAILER KESKO EYES RUSSIAN CARREFOUR UNITS
Finnish retailer Kesko (HEL:KESBV) is looking to acquire Russian outlets of French rival Carrefour (EPA:CA).
Status: Bidding, Speculation
- ITALIAN SNAM RG MAKES BINDING OFFER FOR E.ON'S LOCAL GAS GRID
Italian gas transportation and distribution firm Snam Rete Gas (BIT:SRG) has placed a binding bid for the local gas distribution grid of German utility E.ON (ETR:EOAN).
Status: Bidding
- ITALIAN MONTI ASCENSORI BOARD CLEARS MERGER WITH CONSORZIO SERVIZI ASCENSORI
Italian lift and escalator manufacturer Monti Ascensori SpA (BIT:MSA) said on Friday its board has approved the merger by incorporation of lift maintenance services provider Consorzio Servizi Ascensori Soc Coop.
Status: Agreed
- SPAIN'S NUEVA RUMASA SEEKS MERGER WITH FOOD CO SOS
Spanish holding company Nueva Rumasa said it plans a tie-up between its food business and home food group SOS Corporacion Alimentaria (MCE:SOS), in a bid to create one of the country's largest sector players.
Status: Bidding
- KEY CADBURY STOCKHOLDER SUPPORTS GBP8.20 BID FROM KRAFT
One of UK confectionery firm Cadbury's (LON:CBRY) top ten shareholders is believed to have said he would contemplate a GBP8.20 (USD14/EUR9.08) per share offer from US Kraft (NYSE:KFT).
Status: Bidding, Speculation
- RUSSIAN POLYUS ZOLOTO NOT SEEKING LARGE BUYS
Russia's top gold miner and producer Polyus Zoloto (MCX:PLZL) has no plans to make large acquisitions.
Status: Denied
- SWISS LONZA TAKES CILIAN STAKE
Swiss life-science company Lonza (VTX:LONN) announced it had inked an investment agreement to take over a stake in German biotech company Cilian in exchange for transferring patent and patent applications to the latter.
Status: Agreed
- SIRIUS EXPLORATION ACQUIRES AUSTRALIAN DERBY SALT FOR GBP13M
UK-based mineral mining and exploration holding Sirius Exploration (LON:SXX) announced it has acquired Australian Derby Salt Pty for GBP13m (USD21.4m/EUR14.2m), to meet the increasing global demand for salt, potash and energy storage.
Status: Agreed
- MAGNA, SPANISH UNIONS REACH ACCORD ON OPEL DEAL
Canadian automotive supplier Magna (TSE:MG.A), taking over German carmaker Opel, has struck an agreement with Spanish unions over the future of the Opel Figueruelas plant.
Status: Agreed
- SWISS GENOLIER AGREES TO BUY PRIVATKLINIK BETHANIEN FOR CHF370 P/S
Private hospital network Genolier Swiss Medical Network (SWF:GSMN) announced it has entered an agreement to buy 7.4.04% in Swiss private clinic Privatklinik Bethanien for CHF370 (USD368/EUR245) per share.
Status: Agreed
- CAJA MADRID TO UNLOAD 2.9% STAKE IN BANKINTER
Spanish savings bank Caja Madrid will offload a 2.9% stake in local commercial bank Bankinter SA (MCE:BKT) for an undisclosed price.
Status: Auction
- US NATIONAL SEMI ACQUIRES ENERGY RECOMMERCE
US National Semiconductor (NYSE: NSM) has taken over Energy Recommerce, a developer of software for managing solar energy systems, National Semi's director of renewable energy business, Ralf Muenster said.
Status: Closed
- DANISH NORDIC TANKERS IN MERGER DISCUSSIONS WITH CLIPPER
Danish shipping company Nordic Tankers A/S (CPH:NORDIC) is in negotiations with privately-held sector player Clipper Group A/S on a potential merger or partnership.
Status: Talks
- DUTCH GAMMA TO DISPOSE OF COATING & COMPOSITES UNIT FOR EUR37.5M
Dutch textile company Gamma Holding (AMS:GAMMA) has inked a deal to offload its Coating & Composites business unit to an unnamed German industrial company for EUR37.5m (USD56.3m), the Dutch group said.
Status: Agreed
- US BMC SOFTWARE CLOSES BUY OF TIDEWAY SYSTEMS
US software vendor BMC Software (NYSE:BMC) said it had closed the purchase of IT discovery solution provider Tideway Systems for an undisclosed price.
Status: Closed
- SWISS DUFRY TO BUY DUTY-FREE STORES IN MEXICO
Swiss travel retailer Dufry (VTX:DUFN) said it had agreed to buy the duty-free outlets of Mexico's Latinoamericana Duty Free for an undisclosed price.
Status: Agreed
- SPANISH BBK BUYS LAND FROM SACYR FOR EUR 48M
Spanish construction and services group Sacyr Vallehermoso (MCE:SYV) has offloaded land in Bolueta, northern Spain, for EUR48m (USD72.1m) to local savings bank BBK.
Status: Closed
- ITALIAN MARAZZI TO DISPOSE OF TWO PLANTS IN FRANCE
Italian tiles maker Marazzi Group has unveiled plans to dispose of its plants in Chateauroux and Forbach, central and northeastern France, on the back of worsening financial performance.
Status: Agreed
- CNE CLEARS NATURGAS TO BUY ASSETS FROM GAS NATURAL
Spain's energy regulator CNE granted its approval to Spanish gas distributor Naturgas Energia Grupo, a unit of Portuguese utility EDP (ELI:EDP), to buy assets from gas utility Gas Natural (MCE:GAS).
Status: Agreed
- SPANISH SANTANDER MAY SELL ITS INFRASTRUCTURE FUND ASSETS
Spanish commercial bank Santander (MCE:SAN) is looking for buyers for the assets of its infrastructure investment fund, Santander Infraestructuras.
Status: Speculation, Auction
- US ALAMO GROUP WRAPS UP BUY OF BUSH HOG
US Alamo Group (NYSE:ALG), a manufacturer of equipment for right-of-way maintenance and agriculture, said it had closed the buy of the majority of the assets of agricultural mowing equipment maker Bush Hog.
Status: Closed
- US PROPALMS CLOSES BUY OF FOCUS SYSTEMS FOR USD225,000
US software vendor and developer Propalms (OTC:PRPM) said it had wrapped up the purchase of desktop virtualisation and voice over IP (VOIP) provider Focus Systems for USD225,000 (EUR150,000), paid in stock.
Status: Closed
- US MEMC TO ACQUIRE SUNEDISON FOR USD200M
US silicon wafers maker MEMC Electronic Materials (NYSE:WFR) has inked an agreement to acquire solar energy services provider SunEdison for USD200m (EUR133m) in cash and stock, MEMC said.
Status: Agreed
- SANOFI-AVENTIS TO BUY 74% IN RUSSIAN BIOTON WOSTOK
French pharmaceutical group Sanofi-Aventis (EPA:SAN) has entered an agreement to buy a 74% stake in Russian insulin producer Bioton Wostok from Polish drug maker Bioton (WAR:BIO) and Russian investor Siergiej Dokuczajew.
Status: Agreed
- US EVERBANK TO BUY TYGRIS COMMERCIAL FINANCE
US privately-held financial service provider EverBank Financial said it had signed a final agreement to buy finance and leasing company Tygris Commercial Finance Group.
Status: Agreed
- AUSTRIA'S CONSTANTIA PRIVATBANK IN TALKS WITH TWO BIDDERS
Austrian Constantia Privatbank's owners are negotiating with two interested potential buyers, namely an Austrian group around former Bank Austria's CEO Willi Hemetsberger and a private bank from a neighbouring country.
Status: Auction, Talks
- PROXIMAGEN INKS LOI TO BUY CAMBRIDGE BIOTECHNOLOGY
UK's brain treatment specialist Proximagen (LON:PRX) said it has signed a letter of intent (LoI) to buy Cambridge Biotechnology from Swedish bio-drug maker Biovitrum (STO:BVT), as part of its acquisition strategy.
Status: Exclusivity
- NATIONAL EXPRESS SAYS STUDYING STAGECOACH BID
Uk public transport operator National Express (LON:NEX) said the company is still evaluating the preliminary all-stock takeover bid from its rival Stagecoach (LON:SGC).
Status: Bidding
- ANGLO AMERICAN SELLS ASSETS, RESTRUCTURES MANAGEMENT TO STREAMLINE OPS
British miner Anglo American (LON:AAL) unveiled plans to shed more assets and reshuffle its management structure in an attempt to streamline its business and focus on core mining operations.
Status: Auction
- POLAND EXPECTS TO PRIVATISE ENEA IN Q1-Q2 '10
Poland hopes to finalise the sale of its 66% stake in energy group Enea (WAR:ENA) between the first and the second quarter of 2010, the country's treasury minister, Aleksander Grad said.
Status: Auction
- ITALY KERSELF, GREENVISION AMBIENTE MAY MERGE
Italian renewable energy firms Kerself (BIT:KRS) and Greenvision Ambiente (BIT:VIS) may be considering an alliance.
Status: Speculation
- GVT HIRES CREDIT SUISSE, GOLDMAN SACHS TO ADVISE ON RIVAL TAKEOVER BIDS
Brazilian telecoms company GVT (SAO:GVTT3) said it has picked the local units of Swiss lender Credit Suisse (VTX:CSGN) and US bank Goldman Sachs (NYSE:GS) to advise it on rival offerings from two global players.
Status: Bidding
- BOARDS OF SPANISH CAJA ESPANA, DUERO, BURGOS TO REVIEW MERGER IN TWO WEEKS
The presidents of Spanish savings banks Caja Espana, Caja Duero, and Caja Burgos decided to submit their merger project simultaneously to their boards in the next 15 days.
Status: Talks
- NESTLE MAY DISPOSE OF ALCON STAKE
Swiss food giant Nestle (VTX:NESN) may dispose of its 52% in Swiss eye care specialist Alcon (BER:AKR) in a move to raise fresh funds.
Status: Speculation
- ALTANA'S MAJORITY OWNER OFFERS EUR14 P/S FOR RESIDUAL STAKE
German holding company SKion, controlled by Susanne Klatten, proposed to buyout a minority shareholding in domestic specialty chemicals group Altana (ETR:ALT) at EUR14 (USD20.9) per share.
Status: Bidding
- ORANGE'S SWISS UNIT, SUNRISE NEGOTIATING NETWORK OPS TIE-UP
Mobile operators Orange Switzerland and Sunrise have confirmed they have been in talks since early 2009 on a possible tie-up of their mobile network operations.
Status: Talks, Speculation
- IRISH LIFE & PERMANENT SHOULD INJECT EUR500M IN PERMANENT TBS BEFORE MERGER
Irish Life & Permanent (ISE:IPM) may have to inject up to EUR500m (USD750m) in its Permanent TSB building society to get it ready for a merger with two home peers.
Status: Auction
- EC SAYS ORACLE STILL HAS TO ALLAY COMPETITION CONCERNS ON SUN DEAL
Europe's competition chief has informed the president of US Oracle (NASDAQ:ORCL) that the company has not given enough guarantees to ease competition worries over its planned acquisition of Sun Microsystems (NASDAQ:JAVA).
Status: Delayed
- P&G IN TALKS TO BUY PARTS OF SARA LEE HOUSEHOLD PRODUCTS UNIT
US consumer products group Procter & Gamble (NYSE:PG) is negotiating the acquisition of parts of US consumer products group Sara Lee's (NYSE:SLE) global household products unit.
Status: Talks, Speculation
- UK CENTRICA EYES MORE NORTH SEA GAS ASSETS
UK utility Centrica (LON:CNA) is looking to respond to client demand and buy more gas assets in the North Sea, after recently closing the purchase of oil and gas firm Venture Production.
Status: Bidding
- AXA IN TALKS TO OFFLOAD STAKE IN CHINESE TAIKANG
French insurance company AXA SA (EPA:AXA) is in discussions to dispose of its 15% stake in Chinese Taikang Life Insurance Company.
Status: Talks, Speculation
- GREEK NEORION IN NEGOTIATIONS TO BUY HELLENIC SHIPYARDS FROM THYSSENKRUPP
Greek shipyard Neorion (ATH:NEORS) is in exploratory discussions to buy Hellenic Shipyards, the Greek unit of German engineering group ThyssenKrupp (ETR:TKA).
Status: Talks
- E-REWARDS OFFERS TO BUY RESEARCH NOW FOR GBP0.430 P/S
British fieldwork and panel specialist Research Now (LON:RNOW) said it has received a bid from US online research firm e-Rewards at a price of no less than GBP0.430 (USD0.71/EUR0.47) per share in cash.
Status: Bidding
- TELE2 EYEING ACQUISITIONS IN CIS, EASTERN EUROPE
Swedish telecomms group Tele2 (STO:TEL2 B) is exploring acquisition options in the former Soviet Union, Russia and eastern Europe, the company's chief executive Harri Koponen said.
Status: Bidding
- TURKEY GETS 29 BIDS FOR THREE POWER GRIDS PRIVATISATION
The Turkish privatisation agency OIB said it has received a total 29 bids for the privatisation of three power grids.
Status: Auction
- GAS NATURAL TO DIVEST ASSETS FOR EUR1.5BN BY END-2009
Spain utility Gas Natural (MCE:GAS) is planning to sell assets for EUR1.5bn (USD2.24bn) by the end of the year, CEO Rafael Villaseca said.
Status: Auction
- MORGAN STANLEY MAY HAND OVER CRESCENT REAL ESTATE TO BARCLAYS CAPITAL
US investment bank Morgan Stanley (NYSE:MS) could offload its property management arm Crescent Real Estate Equities Co to Barclays Capital in exchange for the USD2bn (EUR1.3bn) loan it got from the UK bank which is due on 2 November.
Status: Speculation, Talks
- BANCO POPOLARE NEGOTIATES EFIBANCA SALE WITH BARCLAYS
Italian Banco Popolare (BIT:BP) is in exclusive talks with UK's banking giant Barclays (LON:BARC) over the sale of its merchant unit Efibanca, Banco Popolare's top executive Pier Francesco Saviotti said.
Status: Exclusivity
- F2I TO BUY 49% IN TELECOM ITALIA'S SPARKLE
Lawyers for Telecom Italia (BIT:TIT) and infrastructure fund F2i will meet today to sign a letter of intent (LoI) for F2i to acquire 49% in Sparkle, a unit of the telecomms major.
Status: Speculation, Exclusivity
- INDIAN INFOSYS EYES ACQUISITIONS IN FRANCE, GERMANY
Indian IT solutions provider Infosys Technologies (BOM:500209) is seeking alternatives for acquisitions in France and Germany to boost presence in Europe, a senior executive said.
Status: Talks
- SPAIN'S CAJA ESPANA, DUERO EXPECT CAJA BURGOS TO EXIT MERGER PROJECT
Spanish savings banks Caja Espana and Caja Duero suspect that peer Caja Burgos will leave their planned alliance which it entered in the last minute.
Status: Talks
- CEO SAYS SALE OF INTESA SANPAOLO'S DEPOSITARY UNIT LIKELY IN 2010
Corrado Passera, chief executive of Italian banking group Intesa Sanpaolo (BIT:ISP), said the bank's negotiations on the sale of its depositary bank may drag on beyond 2009.
Status: Talks
- RUSSIAN SISTEMA MAY MERGE INDIAN OPS WITH MTS
Russian conglomerate AFK Sistema (MCX:AFKC) could combine its Indian telecomms business Sistema Shyam TeleServices with Russia's major cell phone operator MTS (RTD:MTSS), its main asset.
Status: Auction
- SPAIN'S COSMEN FAMILY SUPPORTS STAGECOACH'S BID FOR NATIONAL EXPRESS
Spain's Cosmen family, controlling 19% of UK passenger transport firm National Express (LON:NEX), decided to support a takeover bid by home rival Stagecoach (LON:SCG).
Status: Bidding
- US BANCORP INTERESTED IN FBOP CORP
US Bancorp (NYSE:USB) is looking to buy US FBOP Corp, owner of eight banks which may be offered for sale by the Federal Deposit Insurance Corp (FDIC).
Status: Bidding, Speculation
- EX-CEO SAYS AER LINGUS SHOULD LOOK AT MERGER WITH PEERS TO SECURE FUTURE
Willie Walsh, the former chief executive of Irish airline Aer Lingus (ISE:AERL) advised the airline to look at a merger with one or more peers, as its future as a stand-alone company may not be secure.
Status: Auction
- FORD, GEELY TALKS ON VOLVO DEAL MAY STALL OVER INTELECTUAL RIGHTS DISPUTE
Talks between US carmaker Ford Motor Co (NYSE:F) and Chinese Geely Automobile Holdings Ltd (HKG:0175) on the sale of Volvo to the Chinese company may be obstructed by disagreements over property rights.
Status: Talks, Speculation
- KRAFT SEEN TO SWEETEN BID AS CADBURY UPS 2009 SALES FORECAST
US food giant Kraft (NYSE:KFT) will have to raise its takeover bid for UK confectionery firm Cadbury (LON:CBRY), as the latter upgraded its 2009 sales forecast to 5% from 4% after its sales rose by 7% in the third quarter.
Status: Bidding
- UKRAINE'S VOLYN COUNCIL TO SELL CONTROL OF LUTSK AVIATION ENTERPRISE ON 24 NOV
Ukraine's Volyn regional council will sell 2.427 million shares, or 50% plus one share, in the Lutsk Aviation Enterprise for UAH0.25 (USD0.03/EUR0.02) apiece.
Status: Auction
- ITALY MARKET WATCHDOG OKAYS MODENA CAPITALE'S SWEETENED BID FOR M&C
Italy's stock market regulator Consob has allowed local firm Modena Capitale to raise the price of its buyout offer for turnaround investment fund Management & Capitali (BIT:MEC), or M&C.
Status: Bidding
- US CENTURY CASINOS KEEN TO FULLY ACQUIRE POLISH PEER
US casino operator Century Casinos (NASDAQ:CNTY) intends to fully acquire Casinos Poland Ltd through buying the remaining 66% in the company for some EUR14m (USD20.9m).
Status: Bidding, Speculation
- KPN EXTENDS TENDER OFFER FOR IBASIS UNTIL 20 NOV
Dutch telecomms and ICT group KPN (AMS:KPN) has extended its tender offer for US calling services provider iBasis (NASDAQ:IBAS) until 20 November from 23 October.
Status: Bidding
- KIRK KERKORIAN SEEKING OPTIONS TO CUT STAKE IN MGM MIRAGE
US Tracinda Corp, the investment vehicle of billionaire Kirk Kerkorian, said it is studying options to reduce its shareholding in struggling casino and hotel operator MGM Mirage (NYSE:MGM).
Status: Auction
- SAL. OPPENHEIM, MACQUARIE NEARING DEAL
Luxembourg-based private bank Sal. Oppenheim is close to striking a deal to divest from its investment banking unit to Australian sector player Macquarie (ASX:MQG).
Status: Talks, Speculation
- SOUND OIL CONFIRMS TALKS ON POTENTIAL ACQUISITION
UK's oil and gas explorer Sound Oil (LON:SOU) has confirmed it is in talks over the potential acquisition of a private company with oil assets offshore West Africa.
Status: Talks
- QATAR HOLDING TO SHED 379M BARCLAYS SHARES
Qatar's sovereign wealth fund Qatar Holding said it would sell 379.2 million shares in UK bank Barclays (LON:BARC) through an accelerated bookbuild at an exercise price of 197.775 pence apiece.
Status: Auction
- TOTAL TO SELL 50% IN ZAMBIA REFINERY BY END-2009
French oil giant Total (EPA:FP) is planning to offload its 50% stake in Zambia's oil refinery Indeni Petroleum Refinery to the Zambian government by the end of the year.
Status: Talks
- INTESA SANPAOLO RESUMES TALKS WITH STATE STREET
Italy's banking giant Intesa Sanpaolo (BIT:ISP) has resumed negotiations with US financial group State Street Corp (NYSE:STT) over the sale of its depositary banking service.
Status: Speculation
- CCM CONFIRMS SUITORS INTEREST IN TIE-UP
Spanish savings bank Caja Castilla La Mancha (CCM) has confirmed that it has attracted several possible bidders, including local savings banks, interested in a potential tie-up.
Status: Auction
- TRADERS SAY BHP BILLITON KEEN TO BUY K+S
Traders have speculated that Anglo-Australian mineral processing group BHP Billiton (LON:BLT; ASX:BHP) is interested in buying German chemicals maker K+S (ETR:SDF).
Status: Speculation
- FERROVIAL EXPECTS TO FINALISE GATWICK DIVESTMENT IN FEW WEEKS
Spanish transport infrastructure group Ferrovial (MCE:FER) is negotiating with more than one suitor for London's Gatwick airport and expects to close the deal within few weeks.
Status: Auction, Talks
- US PAPA BELLO IN LOI TO ACQUIRE PASTORE'S OF ROSEDALE
US restaurant chain Papa Bello Enterprises (PINK:PAPA) has inked a letter of intent (LoI) for the acquisition of local peer Pastore's of Rosedale.
Status: Exclusivity
- US AMERAMEX INTL IN LOI TO TIE UP WITH CROMER EQUIPMENT
Ameramex International, a US provider of heavy equipment for infrastructure construction, has inked a letter of intent (LoI) to merge with local sector firm Cromer Equipment.
Status: Exclusivity
- US KIMBERLY-CLARK TO LAUNCH TENDER OFFER FOR I-FLOW'S BUYOUT
US health and hygiene group Kimberly-Clark (NYSE:KMB) will initiate today a cash tender bid for the acquisition of all outstanding shares in local pain relief products manufacturer I-Flow (NASDAQ:IFLO).
Status: Bidding
- US PLAYNETWORK CONSIDERS BUYING SECTOR PLAYER CHANNEL M
US integrated media services provider PlayNetwork has unveiled its plans to take over local in-store TV network developer Channel M.
Status: Bidding
- ITALIAN IKF SEEKS TIE-UP WITH AMBROMOBILIARE, NATALI&PARTNERS
Italian investment company IKF (BIT:IKF) is considering the acquisition of local bank Ambromobiliare and consultancy Natali&Partners Srl in a drive to unite the three businesses into a single entity.
Status: Bidding
- AVENUE CAPITAL SAID TO BE IN FINAL TALKS FOR CHINESE LANDWIND MEDICAL
Avenue Capital is nearing a deal to acquire Landwind Medical for over USD100m (EUR66.8m), after private equity firms including Bain Capital have quit bidding for the Chinese medical equipment company.
Status: Speculation, Talks
- TITAN CEMENT MULLS OVER SELLING STAKE IN EGYPTIAN ARM
Greek cement producer Titan Cement (ATH:TITK) is studying an option to sell a minority stake in its Egyptian unit to an investor, seeking to add value to the business.
Status: Auction
- GDF SUEZ SAYS CHINESE SOVEREIGN FUND WILLING TO BUY STAKE
French utility GDF Suez (EPA:GSZ) has been approached by a Chinese sovereign wealth fund willing to buy a minority stake in the company.
Status: Bidding
- MTS SAYS NO DECISION ON COMSTAR BUYOUT
Russian mobile operator Mobile TeleSystems (RTD:MTSS), or MTS, said submitting a buyout bid for fixed-line operator Comstar UTS (LON:CMST) is still uncertain and depends on the company's financial planning for 2010.
Status: Bidding
- VIVENDI'S BOARD CLEARS BID FOR BRAZILIAN GVT
The board of directors of French media and telecomms group Vivendi (EPA:VIV) gave a nod to the company to continue with the proposed acquisition of Brazilian peer GVT (SAO:GVTT3).
Status: Bidding
- KENTOR TO BUY AURUM MINING'S INTEREST IN ANDASH PROJECT
British miner investor Aurum Mining (LON:AUR) said that Australian gold explorer Kentor Gold (ASX:KGL) was planning to exercise its option to buy Aurum's stake in the Andash project for USD15m (EUR10m).
Status: Exclusivity
- EAGLE ROCK ENERGY GETS APPROACH FOR MINERALS BUSINESS
US midstream company Eagle Rock Energy Partners has received a non-binding offer from Black Stone Minerals to acquire its minerals business for USD157.5m (EUR105.5m).
Status: Bidding
- SOUTH KOREAN ARIGENE STARTS TENDER OFFER FOR US TRIMERIS
South Korean entertainment group Arigene Co (KDQ:067850) has initiated a cash tender offer to buy out Delaware-based biopharmaceuticals company Trimeris (NASDAQ:TRMS) through its wholly owned RTM Acquisition Company.
Status: Bidding
- NATIONAL EXPRESS GETS PRELIMINARY ALL-STOCK OFFER FROM STAGECOACH
British transport company National Express (LON:NEX) confirmed it had received a preliminary all-stock takeover bid from its rival Stagecoach (LON:SGC) following the withdrawal of another bidder last week.
Status: Bidding
- GE IN TALKS TO BUY VIVENDI'S STAKE IN NBC UNIVERSAL
US manufacturing giant General Electric (NYSE:GE) and French media and telecomms group Vivendi (EPA:VIV) are currently in talks over Vivendi's minority holding in entertainment company NBC Universal.
Status: Talks, Speculation
- STAGECOACH APPROACHES NATIONAL EXPRESS WITH MERGER OFFER
UK international passenger transport company Stagecoach (LON:SCG) confirmed it has contacted home sector player National Express (LON:NEX) about the terms of a potential merger.
Status: Talks
- CME NEGOTIATES CBOE TAKEOVER
US derivatives exchange CME Group (NASDAQ:CME) is negotiating the acquisition of Chicago Board Options Exchange in a deal valuing the US options market at up to USD5bn (EUR3.4bn).
Status: Talks, Speculation
- SPANISH REGULATOR TO DISPOSE OF AGRUPACIO MUTUA'S REAL ESTATE OPS, BANK STAKE
Spain's security and insurance regulator Direccion General de Seguros (DGS), which took over troubled insurer Agrupacio Mutua on Friday, will liquidate its real estate arm Amci Habitat and dispose of its 25.13% in local bank Bankpyme.
Status: Auction
- SIEMENS, NOKIA NOT LIKELY TO GET FINANCIAL INTEREST FOR NSN VENTURE
German engineering group Siemens (ETR:SIE) and Finnish mobile devices manufacturer Nokia (HEL:NOK1V) are not likely to find financial investors interested to buy their troubled telecomms gear making venture NSN, which they are looking to sell.
Status: Auction, Speculation
- P&G CALLS ON STOCKHOLDERS TO REJECT TRC CAPITAL'S BID
US consumer products firm Procter & Gamble (NYSE:PG) has advised its shareholders not to tender their shares to an unsolicited offer by Canadian M&A advisors TRC Capital Corp.
Status: Bidding
- UKRAINIAN TYCOON CLOSE TO ACQUISITION OF INSURER ROSSIYA
Ukrainian billionaire Viktor Pinchuk is nearing a deal to acquire Russian insurer Rossiya.
Status: Bidding, Speculation
- GERMAN W & W KEEN TO BUY COMMERZBANK'S BUILDING SOCIETY UNIT
German insurer Wuestenrot & Wuerttembergische (ETR:WUW), or W & W, has launched negotiations with local Commerzbank (ETR:CBK) to take over its building society arm Allianz Dresdner Bauspar (ADB).
Status: Talks, Speculation
- BRAZILIAN GVT TO MAKE DECISION ON TELEFONICA TAKEOVER BID ON 3 NOV
The board of directors of Brazilian telecomms operator GVT (SAO:GVTT3) will probably make a decision on the takeover bid of Spanish peer Telefonica (MCE:TEF) at its extraordinary meeting on 3 November.
Status: Bidding
- GERMAN SIEMENS PLANS TO SELL BUILDING COMPONENTS UNIT
German engineering group Siemens (ETR:SIE) has intentions to sell the building components unit of its industry solutions division, to focus on its strengths and competencies.
Status: Auction
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