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

Thu May 28, 2009 4:02pm EDT
 
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(Adds Transatlantic and LOT)

May 28 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Thursday. (For Reuters columns on deals, click on [DEALTALK/])

** Australian blood-products group CSL Ltd (CSL.AX) said it will fight a U.S. regulator's move to block a planned $3.1 billion takeover of smaller U.S. rival Talecris Biotherapeutics Holdings Corp.

To read more, please double click on [ID:nN27278240]

** American International Group (AIG.N) said it would sell about two-thirds of its stake in reinsurer Transatlantic Holdings Inc (TRH.N), a move that could raise nearly $1 billion to help the insurer repay bailout funds from the U.S. government. [ID:nN28320522:]

** State conglomerate Russian Technologies is interested in taking 40 percent of Norilsk Nickel (GMKN.MM) should the owners of the world's largest nickel miner fail to repay debts to the state, a newspaper reported. [ID:nLS578598]

** HeidelbergCement (HEIG.DE), the stricken cement group controlled by the son of the late billionaire Adolf Merckle, is mulling an application for German state aid, a source directly involved in the talks said. [ID:nWEA4709]

** Independent film studio Lions Gate Entertainment Corp (LGF.N) agreed to sell a 49 percent stake in the TV Guide channel to One Equity Partners and media entrepreneur Allen Shapiro, a source familiar with the deal said. [ID:nWEN9640]

** Poland and a state-controlled fund agreed to buy out a stake in national airline LOT [LOT.UL] held by the administrator of failed SwissAir to clear the way for a second approach at privatising the airline. [ID:nLS282837]

** TF1, France's leading commercial television broadcaster, said it was in exclusive talks to buy assets from French media group AB, one of the leading operators of digital TV channels in France, for 192 million euros ($267.7 million) in cash. [ID:nLS625521]

** German retail and tourism group Arcandor (AROG.DE) considered selling the roughly 52 percent stake it holds in travel company Thomas Cook (TCG.L) to pay off its debt, a German magazine said. [ID:nLS976199]

** Silver Point Capital is the frontrunner in the long-running auction of German sausage casing manufacturer Kalle Nalo by private equity firm Montagu Private Equity, two banking sources said. [ID:nLS937867]

** Swiss drugmaker Novartis AG (NOVN.VX) is upping an offer to increase its stake in its India unit to $111 million or 450 rupees ($15.9) per share, from a previous 351 rupees, it said on Thursday. [ID:nLS145875]

** Abengoa (ABG.MC) said it had sold 9.12 percent of its Nasdaq-listed IT unit Telvent (TLVT.O) to institutional investors for 39.6 million euros ($55.2 million), cutting its stake to 54.75 percent. [ID:nLS562978]

** British manufacturing investor Melrose (NYN.L) said it has sold its Logistex US business for $40 million, in a deal that bodes well for the sale of the European side of the unit. [ID:nLS958176]

(Compiled by Tina Kwan in Singapore; Ashutosh Joshi and Archana Shankar in Bangalore)

 

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