(Corrects Seven West Media Ltd item to show that KKR has not
yet sold the stake. Also corrects value of stake.)
May 21 The following bids, mergers, acquisitions
and disposals were reported by 1330 GMT on Tuesday:
** Sprint Nextel Corp said its Japanese suitor
SoftBank Corp granted it a waiver allowing it to
consider a $25.5 billion rival bid by Dish Network Corp
, as pressure mounts on SoftBank to sweeten its offer
for the No. 3 U.S. wireless carrier.
** Specialty chemicals producer Rockwood Holdings Inc's
pigments businesses have attracted offers from buyout
firms including Blackstone Group LP and Advent
International Corp, several people familiar with the matter
** Australia-listed copper miner Discovery Metals Ltd
has opened its books to spurned private equity suitor
Cathay Fortune Corp and others in an effort to attract a new
takeover offer, potentially valuing it at A$195 million ($190
million), it said on Tuesday.
** Italy's eyewear maker Safilo said on Tuesday it
had agreed a 10-year licensing deal with France's Essilor
, the world's biggest maker of corrective eye lenses.
** Chevron Corp is in advanced talks to sell its
downstream assets in Egypt and Pakistan, three sources said,
with the planned disposals seen raising around $300 million for
the U.S. oil major.
** Spanish drugmaker Grifols said on Tuesday it
has signed an exclusive contract to license U.S. Aradigm
Corporation's Pulmaquin compound and may take a stake
in the California-based firm.
** Norwegian fish farmer Cermaq has failed to win
enough shareholder support to buy Peruvian fish feed maker
Copeinca, opening the door to a $1.7 billion takeover
of Cermaq by bigger rival Marine Harvest.
** Gazprom is squeezing Athens for better terms to
buy DEPA, Greece's sole retail gas distributor, a Greek official
said, as the Russian gas export monopoly leverages its strength
position as the only major player in the running.
** Philippine conglomerate San Miguel Corp is
willing to keep its banking arm if Malaysia's second-largest
lender, CIMB Group Holdings Bhd, walks away from a
deal worth nearly $300 million for a 58 percent stake in the
bank, its president said on Tuesday.
** U.S. private equity firm Riverstone Holdings LLC is
planning to invest as much as $1 billion in a new commodities
venture run by Deutsche Bank former head of commodities David
Silbert, the Financial Times reported.
** Novo A/S, the holding company of Danish insulin producer
Novo Nordisk, said it had acquired Norwegian-based
Xellia Pharmaceuticals for about $700 million.
** Citibank and Barclays are likely to be named the lead
advisers for Ghana's plans to issue up to $1 billion of
Eurobonds this year, officials involved in the discussion said
** Seven West Media Ltd, owner of Australia's
top-rated free-to-air television network, said on Tuesday that
its major shareholder, private equity firm KKR & Co, was
selling its entire A$265 million ($260 million) stake in the
** Vodafone said on Tuesday that it was very
comfortable with its successful U.S. joint venture Verizon
Wireless, but if an offer materialized that would benefit it
more than the status quo, it would consider it.
(Compiled by Vijay Vishwas)