UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds Esmark)
May 20 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Tuesday.
(For Reuters columns on deals, click on [DEALTALK])
** Top Nordic IT-services firm TietoEnator (TIE1V.HE), subject of a roughly $1.1 billion euros bid from a unit of private equity firm Nordic Capital, said it is talking to other parties than Nordic Capital about the future of the company.
To read more, please double click on [ID:nL20678207]
** Russian mining and metals giant Severstal (CHMF.MM) made a competing bid for U.S. steel producer and distributor Esmark Inc ESMK.O on Tuesday, matching the $17 per share and assumption of debt offer by India's Essar Steel Holdings. [nL20804022]
** Web conglomerate IAC/InterActiveCorp (IACI.O) plans to announce it is buying StarNet Interactive, parent company of GirlSense.com, a website that lets teenagers design and market virtual fashions. [ID:nN19557838]
** Educomp Solutions Ltd (EDSO.BO) said it had acquired a 51 percent stake in U.S.-based Learning.com with a $24.5 million investment, which included an infusion of new capital. [ID:nBMB001762]
** Norwegian media group Schibsted (SBST.OL) will buy 35 percent of Metro Sweden for 350 million Swedish crowns ($58 million) and the firms are to form a joint venture in advertising, Schibsted said. [ID:nL1982881]
** Nigeria's Access Bank ACCE.LG has acquired a majority stake in three foreign-based African financial institutions in a bid to become a bigger regional player, the Nigerian bank said. Access has bought a 90 percent equity stake in Banque Privee du Congo and 75 percent of Rwanda's Bancor Bank. [ID:nL20371084]
** Renato Soru, the founder of Italian broadband operator Tiscali SpA (TIS.MI), has bought ailing former Communist Party newspaper l'Unita, the centre-left Democratic Party said. [nL2090240] (Compiled by Tina Kwan in Singapore; John Tilak and Supantha Mukherjee in Bangalore)
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