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

Wed Jul 8, 2009 4:01pm EDT
 
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(Adds News Corp, Viterra)

July 8 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Wednesday.

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

** News Corp (NWSA.O) is not interested in buying popular microblogging site Twitter and will not sell its struggling social network MySpace, said the media conglomerate's chief executive, Rupert Murdoch.

To read more, double click on [ID:nN08397343]

** Canadian grain-handling company Viterra Inc (VT.TO) said its acquisition of ABB Grains Ltd (ABB.AX) remains on track, a day after the Australian company cut its profit view hurt by lower demand. [ID:nBNG457867]

** PepsiCo Inc (PEP.N) is still interested in taking over Pepsi Bottling Group Inc (PBG.N) and PepsiAmericas Inc (PAS.N), the chief executive of the U.S. soft drink and snack maker told Reuters. [ID:nL8572737]

** Independent power producer NRG Energy Inc (NRG.N) rejected Exelon Corp's (EXC.N) sweetened hostile bid, saying the $6.9 billion offer was still too low.[ID:nN08368814]

** Magna (MGa.TO) remains on track to reach a deal to buy GM's GMGMQ.PK Opel but it cautioned that the timetable for a signing could be too ambitious, the head of Magna's European business said in a newspaper interview. [ID:nL8627097]

** Maroc Telecom SA (IAM.CS) is buying a 51 percent stake in Mali phone company Sotelma for 275 million euros ($382.8 million) as it expands beyond Morocco into new African markets with growth potential, the company said. [ID:nL8657439]

** Norwegian oil and gas group StatoilHydro (STL.OL) said it would buy the South Riding Point crude oil storage and transhipment terminal from World Point Terminals Inc (WPO.TO) for $263.2 million. [ID:nL8677807]

** Private equity firm Actis has agreed to pay $244 million to acquire a 9.3 percent stake in Commercial International Bank (COMI.CA) (COMIq.L), Egypt's largest lender by market value, Actis said. [ID:nL8488261]

** ArcelorMittal (ISPA.AS), the world's biggest steelmaker, won European Union regulatory approval for its takeover of the Dutch unit of U.S. blanks maker Noble International (NOBLQ.PK). [ID:nBRU009449]

** Spanish savings banks Caixa Galicia and Caixanova said they were negotiating with building company Sacyr Vallehermoso (SVO.MC) to buy part of its share of toll road business Itinere (ITIE.MC). [ID:nL8605919]

** Malaysian telecom firm Axiata (AXIA.KL) has expressed interest in buying the Sri Lankan and Cambodian assets of Luxembourg-based telecom operator Millicom (MICC.O) (MICsdb.ST) worth at least $500 million, sources with direct knowledge of the deal told Reuters. [ID:nKLR441625]

** Marine engineering group Hamworthy Plc (HAMW.L) said it agreed to buy the technology and products division of Aibel AS, a Norwegian oil services firm, for up to 6.2 million pounds ($10 million), to expand its presence in the offshore oil and gas markets. [ID:nBNG441198]  Continued...

 

Companies In This Article

News Corporation (NWSA.O) Quote, Profile, Research
Viterra Inc. (VT.TO) Quote, Profile, Research
ABB Grain Limited (ABB.AX) Quote, Profile, Research
Pepsico, Inc. (PEP.N) Quote, Profile, Research
The Pepsi Bottling Group Inc (PBG.N) Quote, Profile, Research
PepsiAmericas, Inc. (PAS.N) Quote, Profile, Research
NRG Energy, Inc (NRG.N) Quote, Profile, Research
Exelon Corporation (EXC.N) Quote, Profile, Research
Magna International Inc. (MGa.TO) Quote, Profile, Research
Maroc Telecom S.A. (IAM.CS) Quote, Profile, Research
StatoilHydro ASA (STL.OL) Quote, Profile, Research
World Point Terminals Inc (WPO.TO) Quote, Profile, Research
Commercial International Bank (Egypt) (COMI.CA) Quote, Profile, Research
Commercial International Bank (Egypt) (COMIq.L) Quote, Profile, Research
ArcelorMittal SA (ISPA.AS) Quote, Profile, Research
Noble International, Ltd. (NOBLQ.PK) Quote, Profile, Research
Sacyr Vallehermoso, S.A. (SVO.MC) Quote, Profile, Research
Itinere Infraestructuras, S.A. (ITIE.MC) Quote, Profile, Research
Axiata Group Berhad (AXIA.KL) Quote, Profile, Research
Millicom International Cellular S.A. (MICC.O) Quote, Profile, Research
Millicom International Cellular S.A. (MICsdb.ST) Quote, Profile, Research
Hamworthy Plc (HAMW.L) Quote, Profile, Research
Anglo Pacific Group PLC (APF.L) Quote, Profile, Research
Northern Star Mining Corp (NSM.V) Quote, Profile, Research
Veolia Environnement SA (VIE.PA) Quote, Profile, Research
OAO "Aktsionernaia finansovaia korporatsiia "Sistema" (SSAq.L) Quote, Profile, Research