UPDATE 3-Deals of the day -- mergers and acquisitions
** Steelmaker Corus, owned by India's Tata Steel (TISC.BO), said it had reached an agreement with Thailand's SSI SSI.BK over the potential $500 million sale of its mothballed Teesside plant in northern England. [ID:nLDE67Q0WM]
** Korea National Oil Corp (KNOC) [KOILC.UL] said it was not changing its $2.6 billion hostile bid for Dana Petroleum DNX.L after the UK oil explorer posted a 42 percent jump in profit on output at the bottom of its range. [ID:nLDE67Q08I]
** European Union competition regulators have set a new deadline of Oct. 22 to decide whether to clear Unilever's (ULVR.L) $1.3 billion purchase of Sara Lee Corp's (SLE.N) body care business, the European Commission said on Friday. [ID:nLDE67Q0QR]
** Managed care company HealthSpring Inc HS.N said it agreed to acquire privately held Bravo Health Inc, an operator of Medicare plans, for $545 million to expand into the Philadelphia market. [ID:nSGE67Q0GB]
** Japan's top beverage maker, Kirin Holdings (2503.T), said it would acquire the shares it does not already own in Mercian Corp 2536.T for about $127 million in stock to get a tighter grip on the scandal-hit wine maker. [ID:nTOE67Q01J]
** Air Medical Group Holdings, the largest independent U.S. provider of emergency air medical services, said late on Thursday that it has agreed to be taken over by private-equity firm Bain Capital LLC. [ID:nN26199711]
** State Street Corp (STT.N), an asset management and custody firm, is in talks to buy Bank of Ireland's (BKIR.I) asset management business, Bloomberg said on Friday, citing three people familiar with the matter. [ID:nSGE67Q08J]
** German utility RWE (RWEG.DE) has received an offer from a consortium of municipal utilities for its German gas grid, two people with knowledge of the matter told Reuters on Friday. [ID:nLDE67Q0QG] ** Heritage Oil Plc (HOIL.L) said it was looking for acquisitions after the sale of its Ugandan interests and repeated its position that it does not believe tax is due to Kampala over the sale. [ID:nLDE67P17F] ** Nortel Networks Corp (NRTLQ.PK) is selling its global multi-service switch business to Marlin Equity Partners and Samnite Technologies Inc for $39 million in cash, the company said on Friday. [ID:nN27240408]
** Berli Jucker Pcl BJC.BK, Thailand's leading consumer conglomerate, may seek a partner in its bid for the Southeast Asian operations of French retailer Carrefour (CARR.PA), its senior executive said on Friday. [ID:nSGE67Q094] (Compiled by Tina Kwan in Singapore, Soham Chatterjee, Swati Chitnis in Bangalore)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints



Follow Reuters