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

Tue Jul 28, 2009 4:27pm EDT

** Nutreco NV (NUTR.AS) agreed to buy the feed activities of Cargill in Spain and Portugal. [ID: nWEA2939]

** Canadian Industry Minister Tony Clement reiterated on Tuesday that he will wait for the courts to first give their ruling on the sale of Nortel Networks' (NRTLQ.PK) wireless assets before he decides if the government will intervene in the deal. [ID:nTOD004128]

** Two companies that track the credit histories of borrowers, Japan Credit Information Reference Center Corp and CCB Inc, will merge on Saturday, the Nikkei business daily reported. [ID:nBNG503577]

** Shares of American International Group Inc (AIG.N) rose on Tuesday, after the troubled insurer divested another asset for nearly $700 million. [ID: nN28161156]

** Canadian auto parts maker Magna MGa.TO offered to increase the amount of upfront capital it would invest in Opel as part of a bid for the General Motors' [GM.UL] European unit, several sources said on Tuesday. [ID:nLS601060]

** Reinsurer PartnerRe Ltd (PRE.N) said it has negotiated the purchase of about 19.5 percent additional Paris Re PRI.PA shares as part of its bid to buy the smaller rival in a $2 billion deal. [ID:nBNG381665]

** Sprint Nextel Corp (S.N) said on Tuesday it would buy out Virgin Mobile USA Inc VM.N in a deal that values the small wireless carrier at $483 million and pushes Sprint deeper into the low-end prepaid mobile market. [ID:nN2897667]

** USEC Inc (USU.N) said on Tuesday it would scrap plans to build a new uranium enrichment plant and may now seek a partner or buyer after the U.S. Department of Energy denied its request for a loan guarantee, sending its stock plummeting. [ID:nN2892199]

** Television group Central European Media Enterprises (CME) has agreed to buy the entertainment business from Romanian firms controlled by CME President Adrian Sarbu, the company said on Tuesday. [ID:nLS732525]

** Japan's Hitachi Ltd (6501.T) will launch a $2.9 billion bid for five of its listed units to help it return to growth, even as a tumble to a quarterly net loss eats into its capital and intensifies pressure to raise funds. [ID:nT21319]

** Private equity group CVC Capital Partners is prepared to offer up to 1.5 billion euros ($2.1 billion) for Anheuser-Busch InBev's (ABI.BR) Central and Eastern European assets, newspaper De Tijd said. [ID:nLS524682]

** Agilent Technologies Inc (A.N) said it will buy Varian Inc VARI.O for $1.5 billion in cash to bolster its fast-growing bioanalytical measurement business. [nN27544067]

** Shanghai Industrial (0363.HK) said it would sell its stakes in Bright Dairy (600597.SS) and SMIC (0981.HK) for a total of HK$2.86 billion (US$369 million) to allow it to concentrate on core businesses. [nHKG177704]

** Metals trader Wogen Plc WGN.L said it agreed to be acquired by Sanctuary Partners, a newly incorporated company set up by Wogen's management team, in a cash offer of 41 pence a share. The cash offer values the present share capital of Wogen at about 18.4 million pounds. [ID:nBNG478514]

** Japanese chipmakers NEC Electronics Corp (6723.T) and Renesas Technology Corp said they will delay the signing of a merger agreement by a month until the end of August as due diligence was taking longer than expected. [ID:nT179665] (Compiled by Tina Kwan in Singapore, and Vidya Lakshmi and Brenton Cordeiro in Bangalore)

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