MERGERS/DEALS (UPDATE 3)

** Chinese retailer Suning Appliance Co (002024.SZ) will buy a 27.36 percent stake in Japanese electronics retailer Laox (8202.T), the official Chinese news agency Xinhua said. [ID:nPEK195632]

** Portugal Telecom (PTC.LS) said it was in talks with Spanish media group Prisa (PRS.MC) for a potential acquisition of a stake in Portuguese Media Capital (MCP.LS), owner of TVI television channel. [ID:nLO148728]

** Greek metals group Mytilineos Holdings (MYTr.AT), a major Balkan producer of aluminium, plans to submit a bid for state-controlled nickel producer Larco, its chief executive said. [ID:nATH001802]

** Metals trader Wogen Plc (WGN.L) said it received a revised 41 pence-per-share offer approach from its management team, which it recommended shareholders to accept in view of tough trading conditions. [ID:nLO627137]

** Kloeckner & Co (KCOGn.DE) is looking at possible acquisitions and could make some purchases starting in the fourth quarter of this year, the company's Chief Financial Officer Gisbert Ruehl said. [ID:nFAB013166]

** International cable group Liberty Global Inc (LBTYA.O) is interested in buying the Irish unit of broadcaster Setanta Sports, which has called in the administrators, the Irish Times newspaper reported. [ID:nLO653337]

** Belgium's Nyrstar SA (NYR.BR), the world's biggest producer of zinc, said it plans to expand into mining to complement its smelting operations, sending its shares more than 7 percent higher. [ID:nLN239136]

** British publishing group Pearson (PSON.L) said it invested $30 million in two Indian education companies, Educomp Solutions (EDSO.BO) and TutorVista, to build its position in the country. [ID:nBNG427968]

** CITIC 1616 Holdings Ltd (1883.HK) is seeking to buy international direct dialing (IDD) and mobile value-added service assets in the Asia-Pacific region by the end of 2009, a senior executive said. [ID:nHKG16490]

** Turkish power producer Zorlu Enerji (ZOREN.IS) will more than triple its capital through a 200 million lira ($128.5 million) rights issue and sell stakes in several units, helping to reduce its debt and attract a buyer. [ID:nLO676620] (Compiled by Tina Kwan in Singapore and R. Manikandan and Antonita Madonna Devotta in Bangalore)