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

Wed Jul 29, 2009 4:09pm EDT

** Reinsurer PartnerRe Ltd (PRE.N) said it 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]

** U.S. derivatives exchange IntercontinentalExchange (ICE) (ICE.N) said it had attracted 10 dealers as it launches its credit default swaps central clearing arm in Europe, trumping rival Deutsche Boerse (DB1Gn.DE) . [ID:nLT731696]

** Medco Health Solutions Inc MHS.N is willing to spend billions of dollars on acquisitions and has unprecedented financial flexibility to make deals, its chief financial officer said on Wednesday. [ID:nN29273587]

** Dutch chemicals group DSM NV (DSMN.AS) said it had sold its DSM Energy unit to Abu Dhabi National Energy Company (Taqa) TAQA.AD for an enterprise value of 285 million euros ($407 million). [ID:nLT376710]

** Sompo Japan Insurance 8755.T will take over smaller rival Nipponkoa Insurance 8754.T in a share swap valued at $4.7 billion, according to terms of the planned deal announced. [ID:nT288306]

** Greece on Wednesday cleared three groups to submit binding bids for a 23 percent stake in its second-biggest water utility, EYATH (TWSr.AT), the finance ministry said. [ID:nLT685427]

** Europe's biggest biotech company, Actelion (ATLN.VX), could consider a partnership deal to help market an asthma drug, its chief executive told Reuters on Wednesday. [ID:nLT591079]

** The Belgian families that share a 46 percent stake in Anheuser-Busch InBev (ABI.BR) have no plans to reduce their interest beyond certain sales to cover loans, Belgian magazine Trends said on Wednesday. [ID:nLT686886]

** Klaus-Michael Kuehne, shareholder in Hapag-Lloyd [HPLG.UL], is pushing for a tie-up of the German container shipping company with peers in Europe or Asia to secure Hapag-Lloyd's long-term survival. [ID:nLT690381]

** Greece's Public Power Corp (PPC) (DEHr.AT), the highest bidder for Montenegro's power monopoly, has agreed to follow tender rules with no conditions attached and buy a minority stake in the utility, sources said on Wednesday [ID:nLT611629]

** Streambank LLC says August 11 is bid deadline, and auction date is August 18 for Circuit City Stores Inc CCTYQ.PK intellectual property assets. [ID:nWNBB5107]

** Finmeccanica (SIFI.MI) CEO Pier Francesco Guarguaglini says Libya will not take stake in company as a result of joint-venture deal with Libyan investment fund for projects in the Middle East and Africa. [ID:nRON006764] (Compiled by Tina Kwan in Singapore, and Vidya Lakshmi and Brenton Cordeiro in Bangalore; Editing by Valerie Lee)

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.