Deals of the day -- mergers and acquisitions
July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** Dell Inc founder Michael Dell and his private equity partner Silver Lake would not raise their $24.4 billion bid for the world's No. 3 personal computer maker even if a vote on their offer is delayed, two people familiar with the matter said on Tuesday.
** A consortium led by Paris-based AXA Private Equity has raised its bid for Elior SCA and is offering to buy a minority stake in the French caterer, French daily Les Echos said on Wednesday.
"After a total freeze of the talks, the consortium agreed last weekend to raise its bid by 250 million euros, which would value the group at 3.7 billion euros ($4.9 billion)," the paper said, citing several sources close to the matter.
** Siam Cement Pcl, Thailand's largest industrial conglomerate, is not interested in acquiring German bathroom fixtures maker Grohe AG, its chief executive said.
Siam Cement and Grohe's Swiss peer, Geberit AG, were among interested suitors, three people familiar with the transaction told Reuters last week.
** Onyx Pharmaceuticals Inc is expected to receive initial takeover bids as soon as this week after attracting interest from a few drugmakers, including Amgen Inc, according to several people familiar with the matter.
** Wireless service provider T-Mobile US Inc indicated on Tuesday that it would compete to lure customers away from rival Leap Wireless International Inc rather than make a bid for the company.
Several Wall Street analysts have speculated this week that T-Mobile or another company could also bid for Leap, after AT&T Inc on Friday bid $1.2 billion, or $15 per share, for it.
** US Airways Group and AMR Corp's American Airlines have offered concessions to European Union antitrust regulators to win approval for their planned $11 billion merger to create the world's largest airline.
** Japanese electronics company NEC Corp's talks with Lenovo Group Ltd over a mobile phone venture have stalled due to disagreements over majority ownership and patents, a source familiar with the matter said.
** U.S. private equity giant Blackstone Group LP has agreed to buy a majority stake in Indian auto parts maker Agile Electric Works, which controls Igarashi Motors, for about $100 million, two sources with direct knowledge of the matter told Reuters.
** Goldman Sachs Group Inc said it would sell a majority stake in its electronic trading software business, REDI, to a consortium of investors.
** Men's dress shoe company Allen Edmonds is exploring a sale of the company, according to two sources familiar with the matter. A deal could value the company at $150 million to $200 million, the sources said.
- Qatar adamant it will host 2022 World Cup despite doubts
- Argentina's Fernandez to meet billionaire investor Soros in New York
- New Jersey hiker killed by black bear : police
- Islamic State urges attacks on U.S., French citizens, taunts Obama
- Housing data hits Wall Street; S&P has worst day since August 5 |