March 11 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday:
** Austrian investment group B&C Industrieholding GmbH said
it will make a mandatory takeover offer of 23.40 euros to
shareholders in aluminium group AMAG.
B&C on Monday said it made the takeover offer after agreeing
to raise its AMAG stake to 46.13 percent of the voting rights,
from 29.99 percent at present.
** Chemical maker A. Schulman Inc, campaigning to
buy Ferro Corp, said it would look for another specialty
chemicals company to acquire if its $563 million offer falls
** UK lender Lloyds plans to sell 20 percent of
wealth manager St James's Place to focus on core banking
and respond to regulatory pressure to strengthen its capital.
** Royal Bank of Scotland is sounding out some of
Britain's biggest investment firms on their appetite for a stock
market listing of the bank's small business lending arm,
investor sources close to the talks said.
** German truckmaker Daimler said on Monday it
aimed to raise its stake in Russian peer Kamaz, after
Kamaz's Russian shareholder said talks had stalled over price.
** Credit Agricole will close the sale of its
Cheuvreux brokerage unit to Kepler Capital Markets on March 22,
with the deal ultimately costing the bank 70 million euros when
restructuring costs are included, according to a source close to
** Dubai-based builder Arabtec will buy the
40-percent stake in Target Engineering it does not already own
to expand its move into the oil and gas construction business,
two sources with knowledge of the deal said.
** Coal miner Walter Energy Inc, in the midst of a
spat with a British hedge fund that is looking to replace half
of its board, said it could further cut production at
underperforming mines and explore the sale of non-core assets.
** Carl Icahn-controlled Icahn Enterprises LP said
it entered into a confidentiality agreement with Dell Inc
, less than a week after the activist investor joined a
growing chorus of opposition to co-founder Michael Dell's plan
to take the world's No. 3 personal computer maker private.
** Hostess Brands Inc creditor Silver Point
Capital and hedge fund Hurst Capital have expressed interest in
buying Hostess's snack cake brands, including Twinkies, the New
York Post reported.
** Private equity firm TPG Capital has purchased the highly
sought-after assets of Australian poultry firm Ingham
Enterprises, Bob Ingham confirmed in a statement on Saturday.
Ingham wouldn't confirm the deal valued Australia's largest
poultry producer at around A$1 billion ($1.02 billion) and that
TPG paid more than A$850 million, including a small cash
earn-out, as reported by the Australian newspaper on Saturday.
** The U.S. Bank Tower in Los Angeles, the tallest U.S.
building west of the Mississippi, and related properties is
being sold for $367.5 million to Overseas Union Enterprise Ltd
, a hotel and property group controlled by Indonesia's
** U.S. power company Dominion Resources Inc said on
Monday it had struck a deal to sell three power plants - one in
Massachusetts and two in Illinois - to funds controlled by
private equity firm Energy Capital Partners.
The sale is expected to close in the second quarter of 2013
and generate after-tax proceeds of about $650 million, including
cash tax benefits, Dominion said in a statement.
** South African petrochemicals group Sasol Ltd may
be interested in buying into the gas blocks offered for sale in
Mozambique's lucrative Rovuma basin if the deals are
"appropriate", CEO David Constable, said.
** National Bank of Bahrain (NBB) and a local
pension fund will buy a 51.6 percent stake in Bahrain Islamic
Bank from its Kuwaiti owner in the latest
consolidation move in the island kingdom's banking sector.
** Simcere Pharmaceutical Group received a buyout
offer from a consortium led by founder-chairman Jinsheng Ren,
the latest in a series of China-based companies going private to
avoid regulatory scrutiny in the United States.
The buyers' consortium includes non-public shareholders New
Good Management Ltd - a company controlled by Simcere Chairman
Ren - and Assure Ahead Investments, a company owned by Hony
Capital, a Chinese private equity firm.
** The Philippine unit of Asia's biggest budget airline
AirAsia Bhd has agreed to acquire 49 percent of
small-scale regional carrier Zest Airways as it moves to turn
its Philippine business into a money-making operation.
** Dutch and French airport operators Schiphol and
Aeroports de Paris are interested in bidding together
for a stake in Rio de Janeiro's airport which has been put up
for sale by Brazil.
** Austrian lender Erste Group Bank unveiled a
permanent offer for shares in Romanian unit BCR it does not
already own, it said on Monday, with the price initially set at
0.75 Romanian leu ($0.22) per share.
** BHP Billiton Ltd, the world's largest miner, is
concentrating on about 10 assets as it looks for opportunities
to divest to cut debt and simplify the business, the company
said on Saturday.