(Adds Dell Inc, Orkla, Marathon Oil, Elan, prada, Telecom
Italia and others)
May 23 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** Activist investor Carl Icahn and Southeastern Asset
Management Inc have initiated talks with banks and asset
managers to line up commitments for as much as $7 billion in
bridge loans to back their leveraged recapitalization proposal
for Dell Inc, banking sources told Thomson Reuters LPC
** U.S. industrial conglomerate Dover Corp said it
plans to spin off some of its communication technologies
businesses into a publicly traded company with annual revenue of
about $1.3 billion, sending its shares up as much as 5 percent.
** Norway's Orkla ASA, Danish brewer Royal Unibrew
and private equity firm Nordic Capital have proceeded
to the second round of bidding for Heineken's Finnish
division Hartwall, three people familiar with the matter said.
** Private equity firm Apax Partners LLP has agreed to
acquire rue21 Inc for about $1.1 billion, attracted by
the teen-apparel retailer's growth and cash flow and keen to add
to a retail portfolio that includes Cole Haan and Takko
** Marathon Oil Corp said on Thursday that
negotiations to sell a portion of its 20 percent stake in the
Athabasca Oil Sands Project in Canada ended without a deal.
** Elan Corp Plc rejected Royalty Pharma's
increased $6.4 billion bid on Thursday, shortly after
the U.S. firm cut the acceptance bar for its latest offer to 50
percent plus one share.
** Italian fashion house Prada is not planning on
returning to the acquisition trail for now, its chief executive
said on Thursday, dousing speculation it might be in the hunt
for deals. Prada was reported to be mulling a bid for Italian
jeweller Pomellato before it was snapped up by PPR
** Telecom Italia SpA has pushed to the end of the
month a decision on whether to spin off its fixed-line access
network, which is proving more complex than expected due to
political and regulatory considerations.
** Italian Industry Minister Flavio Zanonato said he asked
automaker Fiat SpA to stay in Italy after its planned
merger with Chrysler, which has led labour unions to fear it
plans to move its headquarters to the United States.
** Blackstone Group LP and Prologis Inc have
agreed to buy a portfolio of 17 million square feet of warehouse
and distribution centers whose majority owner is Lehman Brothers
for about $960 million, two sources familiar with the deal said
** The Netherlands is willing to sell its 33 percent stake
in nuclear fuel producer Urenco, but wants governments to retain
a majority holding in the firm, the Dutch finance ministry said
** Norwegian fish farmer Cermaq said it is in talks
with bigger rival Marine Harvest and other parties
about a potential deal after dropping its bid for Peruvian fish
feed firm Copeinca ASA. Marine Harvest has offered to
buy Cermaq for $1.7 billion on the condition that it walked away
** Austrian construction group Strabag SE has made
an indicative offer for German company Hochtief's
services unit, it said on Thursday.
** Nordion Inc said early Thursday that it agreed
to sell the its targeted therapies division, which includes the
liver cancer therapy TheraSphere, for $200 million in cash to
British health care company BTG PLC.
** Bahrain's Al Salam Bank and BMI Bank, an
affiliate of Oman's Bank Muscat, have announced plans
to merge, a tie-up which would create the kingdom's
third-largest bank by assets, the lenders said in a statement.
** India's Tata Steel Ltd said it expected to take
no further charges in Europe and has put no European assets up
for sale, following a $1.6 billion writedown for the region in
the past financial year due to weak demand.
** Britain's BTG Plc said it would make two
acquisitions, one extending its expertise in liver cancer and
the other a treatment for severe blood clots, to create an
interventional medicine business with potential sales of $1
** Spain's Caixabank SA may sell around 10 percent
of Grupo Financiero Inbursa, a Mexican bank
controlled by tycoon Carlos Slim, in response to renewed
pressure to shed investments and bulk up capital.
** British defence technology company QinetiQ Group
could sell its U.S. services division after a 256 million pound
($385 million) writedown prompted it to launch a strategic
review of the business.
** Australian casino company Crown Ltd is selling
its entire 10 percent stake in rival Echo Entertainment Group
, the operator of Sydney's sole casino, a source with
knowledge of the sale said.
** Mexican real estate investment trust Terrafina said on
Thursday that it agreed to pay $600 million to acquire a Mexican
property portfolio from U.S. Kimco Realty Corp and its
partner American Industries.
** South African miner Lonmin said on Thursday that
talks with union AMCU had failed to yield a deal that would
formalise the group's status as the majority union at the
world's third-largest platinum producer.
** Belgian grocer Delhaize is looking to sell two
of its U.S. businesses as it continues to cut costs in the
region, according to two sources familiar with the matter.
** State-run Banco do Brasil SA is in talks to
buy possible takeover targets in the United States, Chile and
Colombia, a senior executive said on Thursday, adding the high
value of banking assets in South America is no longer a problem.
(Compiled by Vijay Vishwas and Lehar Maan in Bangalore)