July 3 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
** Samsung Electronics Co Ltd has acquired TV
digital recording device company Boxee, the South Korean
manufacturer said on Wednesday. Terms of the deal were not
** Cargill Inc, one of the world's leading cocoa
traders, has explored the possibility of buying Archer Daniels
Midland Co's cocoa business, a source familiar with the
situation said. Such a purchase would create a global giant in
** Missouri Governor Jay Nixon vetoed two bills on Tuesday
that would have cleared the way for foreign ownership of
farmland and potentially eliminated obstacles to the planned
$4.7 billion purchase of Smithfield Foods Inc by a
** Michael Dell has been advised to raise his $24.4 billion
offer for Dell Inc, coming under further pressure as
billionaire investor Carl Icahn revealed he had committed more
than $3 billion to back an alternative proposal.
** A $5.6 billion bid by Japan's Mitsubishi UFJ Financial
Group(MUFG) for a majority stake in Thailand's Bank of
Ayudhya Pcl may pave the way for more foreign
acquisitions of Thai banks as regulatory restrictions ease.
** Chile's CFR Pharmaceuticals is planning a $1.3
billion bid for South Africa's Adcock Ingram, a deal
that could bring foreign owners to a key player in government
plans to overhaul South Africa's healthcare system.
** Chesapeake Energy Corp is selling assets in the
Eagle Ford and Haynesville shales in the United States to Exco
Resources Inc for about $1 billion to shore up finances
battered by years of low gas prices and heavy spending.
** Turk Telekom, Dogan Holding and
Dogus Group are among potential buyers for Turkish
digital pay-TV operator Digiturk, in a deal seen worth up to $1
billion, banking sources close to the matter told Reuters.
** Crest Financial, which owns a big stake in Clearwire
Corp, said it is backing Sprint Nextel Corp's purchase of
the rest of Clearwire, ending a protracted and noisy fight over
the wireless service provider.
** Yahoo Inc said that it will buy Qwiki Inc, a
mobile app for creating videos in Apple Inc's iPhone,
as it tries to increase its presence in the world of smartphones
** French utility GDF Suez is looking at selling
stakes in its European solar and wind power generation assets to
reduce debt but will continue to run the operations, a source
close to the company said.
** Avon Products Inc has sold its Silpada Designs
jewellery business for $85 million, three years after buying it
for $650 million, to focus on its core beauty products business.
** Perform is raising 120 million pounds ($182
million) in a share sale to fund the purchase of sports data
supplier Opta and future deals, the digital rights company said.
** Poland-focused shale explorer San Leon Energy Plc
said it would farm out its oilfield in the Baltic basin
in Poland to privately owned Wisent Oil and Gas.
** India raised 2.6 billion rupees ($43 million) by selling
shares in state-run Hindustan Copper Ltd on Wednesday
as part of the government's plans to raise 400 billion rupees
through asset sales in this fiscal year.