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

Wed Sep 23, 2009 3:58pm EDT

(Adds Toyota, SandRidge, Etruscan, updates CMPC )

Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Wednesday.

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

** POSCO and South Korea's chemicals-to-brokerage group Hanwha are studying a potential bid for Daewoo International, sources close to the companies told Reuters.

To read more, double-click [ID:nSEO113034]

** Japanese electronics giant Sony Corp (6758.T) won European Union regulatory approval to acquire part of Seiko Epson Corp's (6724.T) small- and medium-sized LCD business. [ID:nBRQ007528]

** Chilean forestry group CMPC CAR.SN said it is in talks to buy a unit of Brazilian giant Aracruz ARCZ6.SAARA.N for $1.4 billion, which would give it access to the world's cheapest producing pulp market. [ID:nN23385432]

** China's Geely Automobile Holdings, whose parent has been linked with both Volvo and Opel, said it would raise HK$2.59 billion ($334 million) by issuing convertible bonds and warrants to an affiliate of Goldman Sachs, sending its shares up by a quarter. [ID:nHKG311594]

** Genetic-testing specialist Qiagen is buying its British peer DxS Ltd to expand its cancer diagnostics business and will raise its capital to fund the deal and possibly further takeovers. [ID:nN22368566]

** U.S. fund manager BlackRock (BLK.N) gained European Union regulatory approval on for its acquisition of a Barclays (BARC.L) investment unit for $13.5 billion in cash and shares. [ID:nBRQ007527]

** Toyota Motor Corp (7203.T) will sell its brokerage unit to Tokai Tokyo Financial Holdings Inc (8616.T) as part of efforts to consolidate resources into automobile operations, the Nikkei business daily reported. [ID:nBNG478820]

** Privately-held Finnish mobile software firm Flander said it has agreed to buy China's Symbio, expanding its offering and creating one of the largest outsourced product development firms in the world. [ID:nLM385787]

** U.S. oil and gas exploration and production firm SandRidge Energy Inc (SD.N) has struck a deal to buy bankrupt rival, Crusader Energy Group Inc CKGRQ.PK, for $230 million, in a cash and stock deal that would give it additional acreage in the Anadarko and Permian basins. [ID:nSP466456]

** Russia's richest man, Mikhail Prokhorov, reached a deal to buy control of the New Jersey Nets basketball team, as well as fund the development of a real estate project in Brooklyn, New York. [ID:nN23409216]

** Etruscan Resources Inc EET.TO said it would get $43 million equity financing from Endeavour Financial Corp (EDV.TO), helping it to repay debt and repurchase about half of its $700 per ounce gold call options. [ID:nBNG527861]

** Kingsway Financial Services Inc (KFS.TO), which sells high-risk auto and truck insurance, said it will merge two of its Canadian insurance units, effective Oct. 1, to reduce expenses and return to profitability. [ID:nBNG364365]. (Compiled by Tina Kwan in Singapore and Divya Sharma in Bangalore)

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