June 21 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:
** Chinese cellphone chip designer Spreadtrum Communications
Inc said it received a $1.38 billion buyout proposal
from a unit of government-owned Tsinghua Holdings Co Ltd.
** Morgan Stanley said on Friday it will buy the rest
of Citigroup Inc's retail brokerage holdings in the coming
weeks for $4.7 billion after regulators signed off on the
** U.S. energy companies Hess Corp and Newfield
Exploration Co have launched two separate auctions to
sell part of their Asian oil and gas field stakes that have a
combined value of about $3 billion, people familiar with the
** Dubai Holdings' Emirates International
Telecommunications (EIT) is selling its 35-percent stake -
bought in 2006 for $2.25 billion - in state-owned Tunisie
Telecom, the Tunisian government said on Friday.
** Archer Daniels Midland Co said on Thursday it is
in talks to sell its cocoa business in a further sign that the
U.S. agribusiness giant is focusing on expanding its footprint
in the burgeoning global grains sector.
** Russian oil-to-telecoms conglomerate Sistema
said on Friday it had signed a deal to sell its 49
percent stake in oil firm Russneft for $1.2 billion.
** A bipartisan group of 15 U.S. senators urged the Obama
administration on Thursday to consider whether the proposed sale
of Smithfield Foods Inc to the Chinese meat company
Shuanghui International posed a threat to the U.S. food supply
that could justify blocking the deal.
** Rockwood Holdings Inc has canceled a combined
auction of its titanium dioxide and performance additives units
after failing to attract the offers it was hoping for, four
people familiar with the matter said on Thursday.
** SoftBank Corp CEO Masayoshi Son said on Friday
he was confident his company's acquisition of Sprint Nextel Corp
will be completed in early July after rival bidder Dish
Network Corp bowed out.
** Mediobanca, under pressure to improve returns
for shareholders, plans to sell almost all of its large stakes
in major companies, ending half a century of playing kingmaker
to Italy's corporate world to focus on banking.
** Private equity firm Leonard Green & Partners LP is
nearing a deal to buy United States Infrastructure Corporation
(USIC), two people familiar with the matter said this week, in a
deal that could be valued at between $700 million and $800
** Danish wind turbine manufacturer Vestas has sold
two wind power plants in Romania and Bulgaria for total 127
million euros ($167 million), improving its chances of meeting
2013 guidance for positive free cash flow.
** Austrian Post has agreed to buy a 25 percent
stake in Turkish parcel delivery group Aras Kargo for around 50
million euros ($65.9 million), Post said on Friday.
** A U.S. regulator on Thursday approved Entergy Corp's
plan to spin off the electric transmission business that
sparked government concern about competition in its markets.
After the spinoff, the transmission business would merge with
ITC Holdings Corp.
** Malaysia's second-largest lender, CIMB Group Holdings
, has abandoned plans to buy nearly 60 percent of San
Miguel Corp's unlisted banking unit, Bank of Commerce.
** Atrium European Real Estate is buying the
Galeria Dominikanska shopping centre in Wroclaw, Poland, from
the Otto family and Deutsche EuroShop AG for 151.7
million euros ($200 million), the Austrian-listed group said on
** Marine Harvest ASA, the world's biggest fish
farmer, dropped its $1.7 billion hostile bid for rival Cermaq
after failing to convince enough shareholders to
accept, it said on Friday.
** Swiss oil trader Vitol has signed a
preliminary agreement to buy liquefied natural gas (LNG) from
Russia's Rosneft as the race for access to one of the
fastest-growing commodity markets gathers pace.
** Italy's biggest utility Enel said on Friday it
had signed a letter of intent with Gazprom to sell the
Russian energy giant a power generating plant in Belgium for 227
million euros ($299 million).
** Russian President Vladimir Putin signalled the gradual
end of state-controlled Gazprom's monopoly on exports
of natural gas, opening the way for rivals Novatek and
Rosneft to compete for huge new Asian
** Internet dating site Cupid Plc said a number of
potential suitors have expressed interest in its casual dating
sites, such as benaughty.com and flirt.com. Cupid said last
month that it had been approached to sell its casual dating
websites and was considering a range of approaches.
** The billionaire founders of miner ENRC are
unlikely to improve a buyout offer first indicated last month,
as they hammer out final details ahead of a June 24 deadline,
sources with knowledge of the matter said.