UPDATE 3-Deals of the day -- mergers and acquisitions

Wed Jul 22, 2009 4:01pm EDT

** Israel's venture capital giant Pitango plans to team up with a Chinese partner to launch a $100-$200 million fund with investment focus on China's start-up companies, sources said.[ID:nHKG204099]

** China's Huaneng Power (0902.HK) and Indonesia's PT Indika Energy (INDY.JK) are among the companies that have submitted bids for a majority stake in Indonesian coal miner PT Berau Coal, according to sources, in a deal that could value Berau at more than $1 billion.[ID:nHKG201609]

** Energy Conversion Devices Inc ENER.O said it would buy Solar Integrated Technologies SIT.L for about $16.3 million, including assumption of its debt. [ID:nLM278288]

** British support services group Connaught CNT.L has acquired two businesses services companies for 15.9 million pounds ($26.06 million) as part of a drive to expand its health, safety and environmental division. [ID:nLM413818]

** The German states that are home to General Motors [GM.UL] unit Opel's factories still prefer Magna's MGa.TO offer for the German company over the one made by RHJ International (RHJI.BR), several people familiar with the matter said. [ID:nWEA1803]

** A group of computer memory chip makers led by Taiwan's Nanya Tech (2408.TW), Inotera (3474.TW) and U.S.-based Micron MU.N is considering acquiring smaller rival Winbond (2344.TW), a local newspaper said. [ID:nTP182907]

** China's Tengzhong, the surprise leading bidder for the General Motors' Hummer brand, is likely to establish an offshore investment vehicle to facilitate its purchase, a company official said. [ID:nPEK188365]

** Orvana Minerals Corp (ORV.TO) said it raised its all-cash offer to buy Kinbauri Gold Corp KNB.V by 36 percent, in a bid to trump an all-stock offer from rival ATW Gold Gorp ATW.V. [ID:nBNG494342] (Compiled by Tina Kwan in Singapore, Vidya Lakshmi and Sakshi A Mattoo in Bangalore)

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