June 11 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Tuesday:
** Google Inc bought Israeli mapping startup Waze
on Tuesday for just over $1 billion, a source familiar with the
matter said, acquiring an online real-time mapping service to
safeguard its lead in one of the most crucial aspects of
** Japanese mobile operator SoftBank Corp said it
agreed to raise its offer for U.S. wireless carrier Sprint
Nextel Corp to $21.6 billion from $20.1 billion as it
fights off a counter bid by Dish Network Corp.
** U.S. energy firm Chevron is selling its stake in
two Nigerian shallow water oil blocks, the company said, the
latest oil major seeking to sell assets in Africa's biggest oil
** BC Partners is the last remaining bidder for
Springer Science+Business Media, three people
familiar with the negotiations said, as the publisher's owners
plan to decide by the end of this week whether to sell or float
the group. According to the sources, private equity firm BC
Partners has made an offer valuing the German academic publisher
between 3.1-3.5 billion euros ($4.1-4.6 billion).
** China's state-owned Shenhua Group Corp Ltd and
India's Aditya Birla Group are among companies considering bids
for some of Rio Tinto Ltd's Australian coal assets,
valued at an estimated $3.2 billion, people familiar with the
matter told Reuters on Monday.
** At an age when many 90-year-olds are satisfied with
playing gin rummy in a nursing home, Dole Food Co Inc
Chief Executive David Murdock is planning his next big deal. The
billionaire, who already owns 40 percent of one of the world's
largest producers and marketers of fruit and fresh vegetables,
made an offer to buy out the rest of the company in a deal that
values it at just over $1 billion.
** Malaysia's second-largest lender, CIMB Group Holdings Bhd
, has decided to pursue a deal worth nearly $300
million to buy 58 percent stake in San Miguel Corp's
banking unit, the president of San Miguel said.
** Fortis Healthcare, India's No. 2 hospital chain,
said it agreed to sell its stake in its Vietnam unit to
Singapore-based Chandler Corp for $80 million, in a deal that
would help cut its debt.
** The Canadian-led consortium wooing Severn Trent
walked away empty handed on Tuesday after the British water
company refused to engage in talks before a bid deadline
** Dubai World, the state-linked group whose $25
billion of debt brought the emirate to the brink of financial
collapse in 2009, has sold one of its UK assets as part of its
efforts to repay creditors.
** Phillips 66 said it is to sell Ireland's only
refinery, another blow to Europe's ailing oil refining industry.
An analyst said it was likely the 71,000 barrels per day
Whitegate facility in Cork would have to shut as it will be hard
to find buyers for it.
** Generali SpA Chief Executive Officer Mario Greco
took another step towards meeting a 4 billion euro ($5.3
billion) disposal target, agreeing to sell out of two Mexican
companies for $858 million.
The Italian insurer said it would bag a net capital gain of
500 million euros from the sale of 49 percent stakes in Seguros
Banorte Generali, the larger or the two assets, and Pensiones
Banorte Generali to Grupo Financiero Banorte, Mexico's No.4
** Exxon Mobil Corp is in talks with Turkey's TPAO
to buy a stake in a block in the Black Sea, and the country is
on the hunt for shale gas in its own territory, the acting head
of the state-owned energy company said.
** British soft drinks maker Britvic Plc played
down the chances of resurrecting merger talks with smaller rival
A.G. Barr Plc, after the proposed deal was finally given
the blessing of the competition watchdog.
** Nedbank Group's purchase of an initial 36.4
percent stake in Mozambique's Banco Unico is expected to be
approved by regulators in two to three months, the chief
executive of the Mozambican lender said.
** Royalty Pharma, pursuing a hostile $8 billion
takeover of Irish drugmaker Elan Corp Plc, moved on
Tuesday to make sure it is not blocked by a potential $200
million share buyback and drug spinoff at the target company.