UPDATE 1-Deals of the day -- mergers and acquisitions

Mon Jan 28, 2008 5:04am EST

(Adds General Electric, Diageo and IQMS Software)

Jan 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Monday.

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

** Tenaris (TENR.MI) (TENA.BA) (TS.N), a leading maker of pipes for the energy industry, said it agreed to sell its Hydril pressure control business to General Electric Co (GE.N) for $1.115 billion on a debt-free basis.

To read more, please double click on [nN28435156]

** Straits Trading (STCM.SI) said that family-owned Tecity Group has raised its offer for the commodities and property company, as a fight between two banking families for one of Singapore's oldest trading houses escalates. [nSIN70384]

** Chinese oil firm CNOOC Ltd (0883.HK) has sold a 3.06 percent interest in Indonesia's Tangguh liquefied natural gas (LNG) project to Canada's Talisman Energy (TLM.TO) for US$212.5 million, it said in a statement. [nHKG85759]

** Nokia (NOK1V.HE) said it will offer 843 million Norwegian crowns ($153 million) for all the shares in loss-making Norwegian mobile software firm Trolltech TROLL.OL to support its new push into services and software. [nL28519714]

** Diageo (DGE.L), the world's biggest alcoholic drinks maker, said it had agreed to buy Californian wine maker Rosenblum Cellars for $105 million. [nL28513468]

** IQMS Software Ltd IQMS.BO said its board had approved acquiring 51 percent stake in U.S.-based Object Xperts Inc. [nBMB000721] (Compiled by Tina Kwan in Singapore and Bijoy Koyitty in Bangalore)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.