[November 04, 2009] M&A Navigator: Deal Pipeline -- 2 Nov 2009 Tweet (M&A Navigator Via Acquire Media NewsEdge) T2e following is a list of deals covered in detail by M&A Navigator this week: - CHAIRMAN SAYS TELEFONICA'S TALKS WITH PRISA ON DIGITAL+ BUY PROGRESSING Spanish telecomms giant Telefonica's (MCE:TEF) talks with home media group Prisa (MCE:PRS) on the purchase of a stake in Prisa's pay-TV unit Digital+ are advancing. Status: Talks - E.ON RUHRGAS, GAZPROM CLOSE YUZHNO-RUSSKOYE FIELD DEAL German gas distributor E.ON Ruhrgas has completed the purchase of a stake in Yuzhno-Russkoye gas field owned by Russian gas giant Gazprom (MCX:GAZP), in a share swap deal. Status: Closed - US CONSTELLATION IN TALKS TO SELL, MERGE AUSTRALIAN, UK OPS US beverage alcohol producer Constellation Brands (NYSE:STZ) said it is talking with a number of firms to sell or merge its wine businesses in Australia and the UK. Status: Talks - TRIPADVISOR TO TAKE OVER TRAVEL WEBSITE IN CHINA Travel community TripAdvisor, operated by US online travel services provider Expedia (NASDAQ:EXPE), has entered an agreement to acquire Kuxun.cn, the second largest travel website in China, to strengthen its positions in the country. Status: Agreed - SPANISH ACS STICKS TO PLAN TO RAISE STAKE IN IBERDROLA TO 20% Spanish contracting giant ACS (MCE:ACS) sticks to its plans to increase its stake in local power utility Iberdrola (MCE:IBE) to 20% from 12.6%. Status: Bidding - ITALIAN KINEXIA TAKES 51% IN STEA DIVISIONE ENERGIA SOLARE Italian cosmetics firm Kinexia SpA (BIT:KNX) has bought 51% in renewable energy firm Stea Divisione Energia Solare Srl for EUR1.5m (USD2.2m) via its Volteo Solar unit. Status: Closed - TERRA INDUSTRIES CONFIRMS CF INDUSTRIES LATEST BID US fertiliser specialist Terra Industries (NYSE:TRA) confirmed it has received a revised bid from rival CF Industries (NYSE:CF) at USD32 in cash plus 0.1034 CF Industries shares for each of its shares. Status: Bidding - DUTCH GAMMA CLOSES SALE OF COATING & COMPOSITES UNIT FOR EUR37.5M Dutch textile company Gamma Holding (AMS:GAMMA) has wrapped up the sale of its Coating & Composites business unit, including Verseidag Ballistic Protection, for EUR37.5m (USD55.4m) to German specialty machinery maker Jagenberg (FRA:JAGU). Status: Closed - MARYLAND REGULATORS GIVE THUMBS UP TO EDF-CONSTELLATION DEAL The Maryland state authorities have paved the way for French energy group EDF (EPA:EDF) to acquire half of the nuclear assets in the US of peer Constellation Energy (NYSE:CEG) for USD4.5bn (EUR3bn). Status: Agreed - DUTCH HEIJMANS TO SHED RAIL UNITS TO FRENCH EIFFAGE Dutch construction andÂÂ engineering group Heijmans (AMS:HEIJM) has agreed to divest from its rail building units, Heitkamp Rail GmbH and Heijmans Rail BV, to Eiffage Travaux Publics, a subsidiary of French peer Eiffage (EPA:FGR). Status: Agreed - US KRAFT SEEN TO PLACE HOSTILE BID FOR UK CADBURY THIS WEEK US food group Kraft (NYSE:KFT) is expected to make this week a hostile offer of over GBP10bn (USD16.5bn/EUR11.15bn) for UK confectionery firm Cadbury (LON:CBRY). Status: Bidding, Speculation - RUSSIAN REGULATOR LOOKING AT BID FOR NEVA PLANT STAKE Russian businesswoman Tatyana Golubeva has asked for approval the competition regulator FAS to acquire a stake in the Neva Plant OJSC, a manufacturer of equipment for power generation. Status: Bidding - CAPMAN TO BUY CONTROLLING STAKE IN SWEDISH SRK KONSULTATION CapMan Life Science IV fund, part of Finnish alternative asset manager CapMan (HEL:CPMBV), has entered an agreement to buy a controlling stake in Swedish company SRK Konsultation, as part of its expansion plans in Sweden. Status: Agreed - ALTERNATIVE NETWORKS BUYS SOFTWARE MAKER AURORA KENDRICK JAMES UK business communications service provider Alternative Networks (LON:AN) ÂÂ said itÂÂ is buyingÂÂ UKÂÂ softwareÂÂ maker Aurora Kendrick James Group forÂÂ up to GBP5.5m (USD9.05m/EUR6.13m) in cash and stock, toÂÂ boost its customer service portal. Status: Agreed - CARBON ACQUISITION DECLARES BID FOR ECOSECURITIES UNCONDITIONAL Carbon Acquisition Company, a unit of US banking group JP Morgan (NYSE:JPM), said its GBP1.05 (USD1.73/EUR1.17) per share cash offer for Irish carbon offset provider EcoSecurities (LON:ECO) has become unconditional. Status: Bidding - AT&M STRIKES SOLAR CELLS JV WITH GERMAN ODERSUN Chinese advanced materials maker Advanced Technology & Materials Co (SHE:000969) and German thin-film solar cells producer Odersun unveiled plans to formÂÂ a ÂÂ solar cells and modules joint venture in China. Status: Agreed - ARVINMERITOR CLOSES SALE OF 57% STAKE IN MSSC FOR USD13M US automotive integrated systems and components supplier ArvinMeritor (NYSE:ARM) has closed the sale of its 57% interest in its Meritor Suspension Systems Company (MSSC) joint venture for USD13m (EUR8.8m). Status: Closed - TELEFONICA IN FINAL TALKS TO BUY HANSENET FROM TELECOM ITALIA Spanish telecoms giant Telefonica (MCE:TEF) is in final talks with Italian peer Telecom Italia (TI) (BIT:TIT) on the purchase of German Internet-access operator HanseNet. Status: Talks - CRITERIA TO COMBINE ADESLAS, SEGURCAIXA HOLDING IN Q3 2010 SpanishÂÂ financial and industrial investorÂÂ Criteria Caixa Corp (MCE:CRI) plans to tie up its insurance units Adeslas and SegurCaixa Holding in the third quarter of 2010. Status: Agreed - US BERKSHIRE CUTS HOLDING IN MOODY'S BY 2.9% US Berkshire Hathaway (NYSE:BRK.A), the holding company of tycoon Warren Buffett, has reduced its stake in credit rating agency Moody's (NYSE:MCO) by 2.9% from 16.98%. Status: Closed - US BUNGE TO CLOSE SOON PURCHASE OF PETROBRAS' FERTILIZER OPS IN ARGENTINA US agribusiness company Bunge (NYSE:BG) is nearing the completion of the purchase of the fertilizer operations of Brazil's federal oil and gas major Petrobras (NYSE:PBR; SAO:PETR3) in Argentina. Status: Agreed - ITALIAN PROPERTY GROUPS AEDES, OPERAE WIND UP JVS Italian property group Aedes (BIT:AE) has entered agreement with home sector playerÂÂ Operae to dissolve several 50/50 joint ventures, a move which would bring gains of EUR11.5m (USD16.9m) to Aedes. Status: Terminated - CAPITAL RESEARCH & MANAGEMENT CUTS STAKE IN JIANGSU EXPRESSWAY Capital Research and Management Co, the investment unit of US Capital Group, has lowered its stake in Chinese highway operator Jiangsu Expressway (SHA:600377; HKG:0177) to 7.85% from 8.02%. Status: Closed - EUROTEL, ENIFKOM COMPLETE MERGER Leonid Melamed, major shareholder of Effortel Russia, said that the merger between telecomms operatorsÂÂ Eurotel and Enifkom has been finalised. Status: Closed - CEO SAYS, GDF SUEZ WILLING TO SELL STAKE TO CHINESE FUND CIC French utility GDF Suez (EPA:GSZ) is willing to sell a stake to Chinese sovereign fund CIC. Status: Talks - GERMAN TOGNUM WRAPS UP SALE OF ROTORION OPS TO IFA German engine maker Tognum (ETR:TGM) has closed the sale of its propeller shaft business Rotorion to homeÂÂ IFA group. Status: Closed - FRENCH AXIANS CLOSES IMS BUY Axians, a French provider of telecoms and audiovisual systems, has completed the purchase ofÂÂ local consultancy IMS. Status: Closed - DIGITAL ANGEL TO SHED UK UNIT FOR USD10M US security products maker Digital Angel (NASDAQ:DIGA) has agreed to sell its UK unitÂÂ McMurdoÂÂ for USD10m (EUR6.8m) in cash toÂÂ French Orolia (EPA:ALORO), whichÂÂ offersÂÂ positioning and navigation systems. Status: Agreed - DUTCH WESSANEN OFFLOADS GERMAN KARL KEMPER Dutch food firm Royal Wessanen (AMS:WES) has disposed of its deep-freeze unit Karl Kemper in Germany for an undisclosed price. Status: Closed - IXIA CLOSES AGILENT TECHNOLOGIES' N2X UNIT BUYOUT US IP test systems providerÂÂ Ixia (NASDAQ:XXIA) has wrapped up the acquisition of the N2X Data Networks arm of bio-analytical measurement solutions providerÂÂ Agilent Technologies (NYSE:A) for USD44m (EUR30m) in cash. Status: Closed - ACADIA POWER TO SELL UNIT TO ENTERGY US Acadia Power Partners has agreed to sell one of the two generating units of the Acadia Power Station and 50% of the station's common assets to Entergy Louisiana, part ofÂÂ Entergy Corp (NYSE:ETR). Status: Agreed - BELGIAN INZA GETS EC'S OK TO BUY FRIESLANDCAMPINA'S BRANDS Dutch dairy producer FrieslandCampina NV said the European Commission (EC) has approved the sale of its Yoho! Yogho! and Choco! Choco! Status: Agreed - SWEDISH VITROLIFE AGREES TO BUY SALES PARTNER FOR UK, IRELAND Swedish biotech company Vitrolife AB (STO:VITR)ÂÂ has agreed to buy its sales partner IVF Ltd for UK and Ireland for an undisclosed price. Status: Agreed - HSBC SEEKS BUYS IN EMERGING MARKETS UK banking group HSBC (LON:HSBA)ÂÂ ÂÂ is ÂÂ looking for new buys in emerging markets in Asia, as well asÂÂ planning toÂÂ open new banking outlets in China, a market in which itÂÂ is most interested. Status: Bidding - US DENBURY TO BUY ENCORE FOR USD4.5BN US oil and gas company Denbury Resources (NYSE: DNR) has reached a final agreement to buy sector player Encore Acquisition Company (NYSE: EAC) for some USD4.5bn (EUR3.047bn). Status: Agreed - AUSTRIAN CONWERT CUTS STAKE IN ECO BUSINESS TO 28.08% Austrian real-estate firm Conwert Immobilien Invest (WBAG:CWI) has lowered its ownership in sector firm Eco Business Immobilien (WBAG:ECO) to 28.08%, in a move to avoid filing an obligatory takeover bid. Status: Closed - UK HGCAPITAL LOOKS TO DISPOSE OF HOSEASONS UK private equity firm HgCapital has put its selfcatering holidays business Hoseasons up for sale for a said price of up to GBP50m. Status: Auction, Speculation - ITALIAN TERRE ALTE TO MAKE BUYOUT BID FOR PERMASTEELISA Italian company Terre Alte SpA plans to launch an obligatory takeover bid for building cladding company Permasteelisa, after it has raised its stake to 61.5%. Status: Bidding - MYERS INDUSTRIES CLOSES SALE OF RUBBER PRODUCING OPS US polymer products maker Myers Industries (NYSE:MYE) has closed the divestment of its rubber making units, Buckhorn Rubber Products (BRP) and Michigan Rubber Products (MRP), to Zhongding Sealing Parts (USA). Status: Closed - URALCHEM REQUESTS APPROVAL TO BUY OUT MINERAL FERTILIZERS Russian chemical group Uralchem (RTB:URHC), or Uralkhimplast OAO,ÂÂ has applied with the Federal Antimonopoly Service (FAS) to clear its acquisition of Perm-based Mineral Fertilizers. Status: Bidding - STRABAG EYES ACQUISITION OF SWISS IMPLENIA Austrian construction group Strabag (WBAG:STR) is keen on buying Swiss competitor Implenia (SWF:IMPN). Status: Bidding, Speculation - COSMOTE CLOSES BUY OF ROMANIAN TELEMOBIL Cosmote, the mobile unit of Greek telecomms group OTEÂÂ (ATH:HTO),ÂÂ has closed the purchase of Romanian mobile operator Telemobil. Status: Closed ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS [ Back To TMCnet.com's Homepage ]