April 8 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday:
** General Electric Co is buying oilfield pump maker
Lufkin Industries Inc for $2.98 billion, sharply
increasing its presence in the fast-growing market to extract
oil and natural gas from shale rock, the conglomerate said on
** Thomas H. Lee Partners said it was buying privately held
IT outsourcing company CompuCom Systems Inc for around $1.1
billion, a person close to the matter said.
** French media group Lagardere has begun selling
its 7.4 percent stake in Airbus parent EADS, a key
element of the group's planned ownership restructuring.
** John Malone's Liberty Global will get
unconditional EU clearance for its $15.8 billion bid for Virgin
Media, two people familiar with the matter said, in a
move which pits the U.S. billionaire against rival Rupert
** Telecom equipment maker Ericsson said it had
struck a deal to buy Microsoft Corp's Mediaroom IPTV
business, which makes software used by phone companies to
deliver television over the Internet.
** German real estate company Patrizia said a
consortium it is heading won the bidding for peer GBW.
Patrizia said on Monday that GBW, owned by regional state-backed
lender BayernLB, has about 32,000 residential units
and total assets of about 2.5 billion euros ($3.26 billion) as
** Africa-focused Australian miner Sundance Resources Ltd
is ending negotiations on a $1.4 billion takeover by
China's Hanlong Group, saying late on Monday that its funding
conditions for the deal had not been met.
** Greek National Bank's plan to absorb subsidiary Eurobank
will be suspended while the country's bank support
fund decides whether the lenders should merge, a finance
ministry official said on Sunday.
** China's privately held Dalian Wanda Group is in
discussions to purchase UK-based chains, Odeon & UCI Cinemas
Holdings and Vue Entertainment, The Wall Street Journal reported
** Finnish drug retail and wholesale company Oriola-KD
said it has agreed to buy Swedish pharmacy chain
Medstop Group for 176 million euros ($229 million) as
it seeks growth in the country.
** Mitsubishi UFJ Financial Group has acquired a
U.S. commercial property loan portfolio from a Deutsche Bank
unit worth $3.7 billion, as cashed-up Japanese
lenders swoop in on assets sold by retreating European banks.
** Labrador Iron Ore Royalty Corp said on Friday it
has hired advisers to consider a possible sale or other
strategic options following reports that Rio Tinto may
sell its controlling stake in the Canadian company's only asset.
** Germany's Merz Pharma Group withdrew its offer for U.S.
cosmetic products maker Obagi Medical Products Inc,
after rival bidder Canada's Valeant Pharmaceuticals
International Inc raised its offer last week.
** Canadian pharmaceutical company Resverlogix Corp
, which is exploring a sale, said it would spin off its
RVX Therapeutics Inc unit.