Deals of the day -- mergers and acquisitions

Sun Nov 15, 2009 11:58pm EST
 
[-] Text [+]

Nov 16 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0430 GMT on Monday.

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

** Citigroup Inc (C.N) said it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion). To read more, please double click on [ID:nN15459494]

** The International Chamber of Commerce (ICC) has ruled in favour of Hyundai companies seeking to buy a stake in an affiliated refiner, worth about 2.6 trillion won ($2.25 billion), from International Petroleum Investment Co (IPIC), a Hyundai firm said. [ID:nSEO157477]

** UltraTech Cement (ULTC.BO), a unit of Indian conglomerate Aditya Birla Group, is absorbing sister unit Samruddhi Cement, to form the country's biggest cement firm, both companies said. [ID:nSP337897]

** Israeli conglomerate Delek Group (DELKG.TA) said it had agreed to sell a 12 percent stake in Israeli cable TV company HOT (HOT.TA) to Cool Holding for 402 million shekels ($107 million). [ID:nLF215392]

** A federal judge has issued a ruling supporting a nearly $2.5 billion bid by Grupo Mexico (GMEXICOB.MX), the country's largest mining company, for Asarco LLC, paving the way for the U.S. copper miner to exit bankruptcy. [ID:nN14494858] (Compiled by Tina Kwan in Singapore)