UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds CF Industries, General Growth Properties and InBev; Updates Barclays, Barratt and Tullett Prebon)
March 10 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Wednesday.
(For Reuters columns on deals, click on [DEALTALK/])
** China Mobile (0941.HK) will pay $5.8 billion for 20 percent of Shanghai Pudong Development Bank (600000.SS), the company said, a move it hopes will help it dominate the country's nascent mobile e-commerce market.
To read more, double click on [ID:nTOE6290AD]
** Fertilizer producer Terra Industries Inc TRA.N said it plans to accept a "superior" $4.68-billion takeover bid from rival CF Industries Holdings Inc (CF.N) unless Yara International (YAR.OL) boosts its competing offer. [ID:nN10205262]
** U.S. private equity fund Lone Star [LS.UL] plans to resume selling a $3.9 billion majority stake in Korea Exchange Bank (004940.KS), KEB said, in what would rank as South Korea's biggest banking deal to date. [ID:nTOE62909V]
** Novartis (NOVN.VX) has taken an exclusive option to develop Transgene's (TRNG.PA) cancer vaccine TG4010, but the deal fell short of investors' hopes, pulling the shares in the French biotechnology company down 12 percent. [ID:nLDE6290EJ]
** Fund manager Fairholme Capital Management said it offered to buy about $2.8 billion worth of shares from General Growth Properties Inc (GGP.N), giving further details of a plan to help the No. 2 U.S. mall owner emerge from bankruptcy. [ID:nN10148886]
** American International Group (AIG.N) could learn the fate of the stalled $2.2 billion sale of its Taiwan unit Nan Shan Life Insurance as early as Thursday, when Taiwan's parliament will review a report on the deal from the top financial regulator. [ID:nTOE629024]
** U.S. private equity firm Apollo Management LP [APOLO.UL] has agreed to buy Citigroup's (C.N) real estate investment division, Bloomberg said, citing a person with knowledge of the deal. City Property Investors' portfolio includes 65 investments in 26 countries with a net asset value of $3.5 billion, according to the agency. [ID:nSGE629062]
** Dubai's Union Properties UPRO.DU has received "negotiable" offers for its Ritz Carlton hotel in Dubai, which the debt-laden firm is hoping to sell for about 1.5 billion dirhams ($408.4 million), its chairman said. [ID:nLDE6290CS]
** Australian iron ore producer Atlas Iron (AGO.AX) is seeking to acquire Aurox Ltd AXO.AX in a A$143 million ($130.8) scrip offer to secure additional port capacity as it beefs up production to meet Chinese demand. [ID:nSGE6280K1]
** Personal-care products maker Helen of Troy Ltd (HELE.O) said it agreed to buy the Pert Plus hair care and Sure anti-perspirant and deodorant brands from Innovative Brands LLC and expects the businesses to generate about $65 million in annual sales. [ID:nSGE6290IL]
** Britain's Tanfield Group Plc (TAN.L) said Smith Electric Vehicles US offered to buy the assets of its electric vehicle division for 37 million pounds ($55.37 million) in cash, sending its shares up as much as 44 percent. [ID:nSGE6290AM]
** Barclays (BARC.L) is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform. [ID:nLDE6290UV]
** Uganda will deliver its decision on UK explorer Tullow Oil's (TLW.L) purchase of Heritage Oil's (HOIL.L) assets in the country by April, a top energy official said. [ID:nLDE6291PV]
** Shares in Barratt Developments (BDEV.L) rose 6 percent propelled by talk that fellow housebuilder Persimmon (PSN.L) is mulling a takeover bid for the group, traders said. [ID:nLDE6292A1]
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