UPDATE 3-Deals of the day -- mergers and acquisitions
(Updates Ryanair, adds Fiat, Dryships)
Jan 22 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Thursday.
(For Reuters columns on deals, click on [DEALTALK/]
** Fiat SpA's (FIA.MI) founding family is weighing a capital increase of about 2 billion euros ($2.58 billion) with an eye to a possible merger with France's PSA Peugeot Citroen (PEUP.PA), an Italian daily reported.
To read more, please double click on [ID:nLM145593]
** Fiat SpA's (FIA.MI) chief executive said on Thursday he did not plan to run Chrysler LLC but he still hoped to contribute to the revival of the Italian group's new partner, the weakest of Detroit's three automakers. [ID:nLM738997]
** British software company Autonomy Corp. (AUTN.L) agreed to buy U.S. content management group Interwoven Inc IWOV.O for $775 million to boost its access to the worldwide legal and compliance industry. [ID:nLM339083]
** American International Group (AIG.N) will sell its consumer banking and car financing companies in the Philippines to a local bank for about 2 billion pesos ($42 million), sources said. [ID:nMAN26922]
** Sanders Morris Harris Group Inc (SMHG.O) said it agreed to sell a significant portion of its capital market business to Siwanoy Capital on undisclosed terms in an effort to convert itself into asset management company. [ID:nBNG222086]
** Ryanair walked away from its latest bid for rival airline Aer Lingus (AERL.I) on Thursday after Ireland's government dismissed it on competition and valuation grounds. [ID:nLM158893]
** Scientific imaging company Andor Technology Plc (ANTE.L) ended talks with a third party on a possible offer for the company, saying it did not receive any proposal that satisfied the prospects of its business. [ID:nBNG138329]
** South Africa's biggest fixed-line phone operator Telkom (TKGJ.J) had bought the 25 percent of Nigerian firm Multi-Links it does not own for $130 million, the company said. [ID:nLM485540]
** Diagnostic test kit maker Tepnel Life Sciences Plc TED.L confirmed that it was in early stage talks with a potential buyer. [ID:nBNG140037]
** Troubled British fund manager New Star Asset Management NSAM.L cooled hopes it might be poised to quickly unveil a buyer for the business as it said it was pushing ahead with debt restructuring and delisting. [ID:nLM584432]
** BIC SA (BICP.PA), the eponymous French maker of pens and lighters, said it was buying a 40 percent stake in India's Cello Pens for 124 million euros ($160 million), giving it a foothold in the growth market. BIC could raise its stake to 55 percent in 2013, it added in a statement. [ID:nLM109697]
** Troubled British fund manager New Star Asset Management NSAM.L is pushing ahead with restructuring plans, although it was still actively pursuing the sale of the company, it said.[ID:nLM584432] Continued...


