Oct 10 The following bids, mergers, acquisitions
and disposals were reported by 2030 GMT on Wednesday:
** EADS and BAE Systems Plc called off the world's
largest defence and aviation merger on Wednesday, and pinned the
blame on Germany for wrecking the $45 billion deal.
** McGraw-Hill Companies Inc's education unit is
expected to draw final bids from private equity firms Bain
Capital and Apollo Global Management as well as rival
Cengage Learning Inc, in a deal that could fetch around $3
billion, several people familiar with the matter said.
** Dutch bank Rabobank is weighing three offers
for its asset management arm Robeco as it has to choose between
bids to split the 2 billion euro ($2.6 billion) plus business or
keep it whole, people familiar with the situation said.
** Danaher Corp and Cooper Industries agreed
to sell their hand and power tools joint venture, Apex Tool
Group, to Bain Capital for about $1.6 billion, joining the
growing trend among U.S. conglomerates to shed non-core assets.
** Pan-Asian insurer AIA Group Ltd has agreed to
buy ING's Malaysian insurance unit and is expected to
pay $1.5 billion to $1.7 billion, handing the Dutch financial
services firm its first deal in a nine-month drive to sell off
** Singapore conglomerate Fraser and Neave Ltd (F&N)
, the takeover target of a Thai tycoon, said it had
rebuffed a S$1.4 billion ($1.14 billion) bid for its hospitality
and serviced residence business.
** Italy's drink group Campari is considering
issuing a bond for up to 500 million euros ($645 million) to
fund the acquisition of Jamaican rum maker Lascelles deMercado &
** Russian president Vladimir Putin backs BP's plan
to sell its 50 percent stake in TNK-BP to the state
oil group Rosneft, the Financial Times reported on
Wednesday, citing an interview with Rosneft's chief executive,
** A group of black South African shareholders has sold a
stake in Absa Group Ltd, the country's biggest retail
bank, worth about $370 million, exiting one of the
post-apartheid era's high profile "black empowerment" deals.
** Swiss retailer Dufry is to buy the duty-free
operations of Greek rival Folli Follie for 200.5
million-euro ($258.6 million), a rare vote of confidence in an
economy deserted by other foreign companies concerned over its
future in the euro.
** The chief executive of Austrian construction group Porr
will make a full takeover offer for the company after
increasing his stake to 44 percent through the acquisition of
shares from a UniCredit Bank Austria foundation.
** U.S. tax preparer H&R Block Inc said it is
exploring strategic alternatives for H&R Block Bank, which could
result in the company no longer being regulated by the Federal
Reserve as a savings and loan holding company.
** Poland would prefer selling a stake in its top lender PKO
BP only to financial institutions, rather than through
a secondary public offering directed at the whole market, a
government official was quoted as saying on Wednesday.
** Denim maker True Religion Apparel Inc said it
was evaluating strategic alternatives which could include a
possible sale of the company, after receiving indications of
interest from third parties.
** New York-based hedge fund York Capital Management has
been buying up bonds in debt-ridden Israeli conglomerate IDB
Development and could lead a hostile takeover of the company,
TheMarker financial newspaper reported on Wednesday.