May 9 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** U.S. oil and gas company Apache Corp on Thursday
said it plans to sell $4 billion in assets, using proceeds to
shore up its balance sheet and share price through debt
reduction and a big share buy-back.
** Facebook Inc is in advanced talks to acquire
Israeli mobile satellite navigation start-up Waze for $800
million to $1 billion, business daily Calcalist reported on
** Sumitomo Mitsui Financial Group's deal to buy a
$1.5 billion stake in Indonesia's BTPN at high
valuations marks the beginning of an aggressive push by
cash-rich Japanese lenders into retail banking in other Asian
** Italian oil major Eni took a step towards
offloading its gas transport company Snam on Thursday
when it sold a stake for 1.45 billion euros ($1.9 billion) in
one of Europe's biggest equity sales of the year.
** Manulife Financial Corp and Metlife Inc
are among the suitors to submit first-round bids for the life
insurance unit of Malaysian lender AMMB Holdings Bhd,
people familiar with the matter told Reuters, in a deal that
could be worth up to $350 million.
** Dish Network Corp Chairman Charlie Ergen said he
could end up putting the entire satellite TV company up for sale
if he lost his battle with Japan's SoftBank Corp to buy
Sprint Nextel Corp.
** Canadian Tire Corp, best-known for its namesake
automotive and homeware stores, said it plans to create a C$3.5
billion ($3.5 billion) real estate investment trust through an
initial public offering in the fall of 2013.
** French insurer Scor has emerged as the lead
bidder for Generali's U.S. life reinsurance business
in a deal that could be announced shortly, two people familiar
with the matter said on Thursday.
Generali USA is seen as an attractive asset by sector
bankers who estimate the unit is worth about $800 million.
** Freeport-McMoRan Copper & Gold Inc said on
Thursday it does not plan to raise its more than $6 billion
offer for Plains Exploration & Production Co, calling
the terms of the friendly deal "best and final."
** Belgian banking and insurance group KBC sold its
Polish pension asset management business to a unit of German
insurer Allianz, the companies said in a joint
statement on Thursday.
** Slovenia pledged on Thursday to sell 15 state firms
including its second largest bank, biggest telecoms operator and
national airline under a crisis package to avert an