July 1 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Monday:
** Chinese state oil firm CNPC will buy a stake
in Kazakhstan's giant Kashagan oil project, through back-to-back
deals with Kazmunaigaz through which ConocoPhillips will
exit, the Kazakh state oil firm said on Monday.
Lyazzat Kiinov, chief executive of Kazmunaigaz, confirmed
the deal structure on the fringes of a summit of gas exporting
nations in Moscow, telling Reuters that CNPC would pay more than
$5 billion for the stake.
** Tribune Co said it would buy 19 television
stations from Local TV Holdings LLC for $2.73 billion in cash,
making it the largest TV broadcaster in the United States.
** Nokia Corp announced plans to buy out Siemens
AG's share of their network equipment joint venture,
betting on the technology to run 4G networks as it struggles in
the smartphones business. Loss-making Nokia gains full control
of the profitable venture Nokia Siemens Networks (NSN) for $2.2
billion, a cheaper than-expected price, analysts
** Three private equity firms have submitted bids to acquire
France's leading funeral services firm OGF, sources familiar
with the matter said on Monday.
OGF could sell for 800 million to 1 billion euros including
debt, sources said.
** Cancer drugmaker Onyx Pharmaceuticals Inc said
on Sunday it rejected a roughly $10 billion takeover offer from
larger biotechnology company Amgen Inc as too low but
still is considering selling itself.
** Russian tycoon Viktor Vekselberg has launched a bid to
control Swiss steelmaker Schmolz+Bickenbach after he
failed to win support from shareholders to raise more capital
and install his preferred candidate on the company's board.
** France will sell stakes in Paris airport operator ADP
of 4.69 percent to construction group Vinci
and 4.81 percent to Credit Agricole Assurances,
Finance Minister Pierre Moscovici said.
** Jonathan Harmsworth, the Viscount Rothermere, who owns a
controlling stake in the trust that runs the British mid-market
tabloid newspaper the Daily Mail, has made an approach to buy
out the rest of the voting shares.
** Telecom Italia denied on Monday it was in talks
with Qatari funds to sell a stake in its fixed-line business
after it completes a planned spin-off, saying a media report as
such was groundless.
** Mexico's Coca-Cola FEMSA, the world's largest
Coke bottler, said on Friday it reached an agreement to purchase
100 percent of Brazilian peer Companhia Fluminense for $448
million in cash.
** Second-ranked Polish lender Pekao, pressured by
a recent takeover of the Polish unit of Nordea by its larger
rival PKO, is keeping a eye out for possible
acquisitions, its Chief Executive Luigi Lovalio was quoted as
** ThyssenKrupp, Germany's biggest steelmaker, is
examining the possibility of selling part of its European steel
business to an investor, Rheinische Post newspaper said on its
website on Saturday, citing unnamed supervisory board sources.
** RCS Mediagroup, the publisher of influential
Italian newspaper Corriere della Sera, could be split into three
units after a capital hike that is changing the balance of power
among its shareholders, La Repubblica reported on Saturday.
** Indonesia-focused coal miner Bumi Plc is
considering selling the 23.8 percent stake held by Indonesia's
Bakrie family in the market for cash, instead of a previous plan
to cancel the shares, a report on Sunday said.
** GP Investments Ltd, the largest Latin American
private-equity firm, agreed to buy a 33 percent stake in
Brazilian hair care salon Cor Brasil SA for 70 million reais
($32 million), as improving living standards in Latin America's
largest economy fuel demand for beauty care-related services.
** New York litigation boutique Stillman & Friedman, whose
clients have included famous Wall Street moneymen and government
lawyers, is being acquired by the large law firm Ballard Spahr,
according to the firms' leaders.
** Real estate data analytics company Corelogic Inc
said it would buy two units from Decision Insight Information
Group for $661 million to expand its property and casualty
** London-based private equity firm Pamplona Capital
Management has dropped out of talks to buy a controlling stake
in Turkish hospitals group Medical Park, five banking and
industry sources aware of the matter told Reuters on Monday.
** German drugs distributor Celesio is in talks
with two of its larger U.S. rivals, McKesson Corp and
Cardinal Health Inc, on a possible stake sale, two
industry sources said.
** Intuit Inc said it would sell its financial
services unit to private equity firm Thoma Bravo for $1.03
billion as it focuses on its core tax-preparation software
** Steinway Musical Instruments Inc, the
160-year-old manufacturer of pianos, saxophones and trumpets,
said on Monday it had agreed to be acquired by private equity
firm Kohlberg & Co. in a deal valued at about $438 million.
** French property firm Gecina SA said on Monday
that it had sold four Club Med holiday villages for 280 million
euros ($364.99 million) as part of a shift in Gecina's business
** Itaú Unibanco, Brazil's largest bank by market
value, said on Friday its Uruguayan unit had signed a deal to
buy Citi Uruguay's retail banking operations, assuming more than
15,000 clients with more than $265 million in deposits.
** Japan's biggest building products maker, Lixil Group Corp
, said on Friday it would buy toilet and plumbing
facilities maker ASD Americas Holding Corp (American Standard)
for $542 million from buyout firm Sun Capital Partners Inc.
** Finnish stainless steelmaker Outokumpu's
efforts to sell VDM, its high-performance alloys business, has
attracted preliminary bids mainly from private equity firms such
as Triton, Apollo and KPS Capital, a German daily reported.
** Private equity firms Blackstone and Lion Capital
have teamed up to make a formal bid worth more than a billion
pounds for Lucozade and Ribena, the two soft drink brands put up
for sale by drugmaker GlaxoSmithKline, Sky News reported
** Polish coal miner JSW is considering a proposal
from rival NWR to buy some of the Czech group's mining
and coking assets, JSW's chief executive told Reuters on Monday.
NWR has said it is looking to shed some operations and cut
jobs and costs in a bid to slim down and return to profit after
posting two straight quarterly losses, hit by falling coal
prices on continued low demand.
** Germany's Conergy AG is close to striking deal
that would see an Asian investor take a substantial stake in the
company, once Europe's top solar group, two people familiar with
the matter told Reuters.
According to the people, the investor would take over a
261.5 million euros syndicated loan agreement closed by Conergy
and ten banks - led by Commerzbank AG - in 2011, and
would pump 50 million euros ($65 million) in equity into the
** Indian outsourcing services provider Zensar Technologies
Ltd is in acquisition talks with at least two
U.S.-based companies to boost its offerings in its largest
export market. A deal could cost Zensar between $20 million and
$50 million, its chief executive officer, Ganesh Natarajan, said
in a phone interview from the company's headquarters in the
western Indian city of Pune.
** India's two-wheeler maker Hero MotoCorp Ltd
said on Monday its wholly owned unit in the United States has
agreed to buy a 49.2 percent stake in superbike company Erik
Buell Racing for $25 million.
** Juice and snacks maker Sun-Rype Products Ltd has
received a proposal from Great Pacific Industries Inc to take
the company private in a deal valued at about C$37 million.