Oct 21 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Monday:
** Britain signed a deal with France's EDF to build
a 16 billion pound ($26 billion) nuclear plant, becoming the
first European country to provide state guarantees to help fund
a nuclear project.
** Crown Castle International Corp said on Sunday
that it had agreed to buy rights to about 9,700 AT&T Inc
wireless communication towers for $4.85 billion in cash.
** Power company NRG Energy Inc said on Friday that
it would pay $2.64 billion to acquire the assets of bankrupt
unregulated power producer Edison Mission Energy, adding nearly
8,000 megawatts of coal, gas and wind generation to its
** Tri Pointe Homes Inc, a homebuiler backed by
Barry Sternlicht's Starwood Capital Group LLC, is in advanced
talks to buy Weyerhaeuser Co's homebuilding division for
about $2.7 billion, according to people familiar with the
** British private equity group Charterhouse Capital
Partners is mulling making a 1-billion-pound ($1.6
billion) offer for G4S's cash-solutions business, according to
** Power-management chipmaker Microsemi Corp said
it would buy atomic clock chipmaker Symmetricom Inc for
about $230 million.
** Japan's SoftBank Corp said on Friday that it had
agreed to pay $1.26 billion for a 57 percent stake in privately
held cellphone distributor Brightstar Corp as it looks to boost
its bargaining power with handset makers.
** Caesars Entertainment Inc, the latest U.S. casino
operator to fall under federal scrutiny, is pulling out of a $1
billion joint venture in Boston after background checks by a
local gaming regulator.
** Motorola Solutions Inc is exploring the sale of
its underperforming wireless LAN business, which has grappled
with declining share in a market dominated by rivals such as
Cisco Systems Inc, people familiar with the matter
said. An exit from the wireless LAN market would come as
Motorola, the provider of data communications and
telecommunication equipment, seeks to focus on its core
government and public safety division.
** Devon Energy Corp said it would combine most of
its U.S. pipeline and processing businesses with those owned by
Crosstex Energy Inc and Crosstex Energy LP to
form a new midstream company.
** Mezzan Holding Co, a diversified Kuwaiti conglomerate,
will acquire the distributor of Red Bull energy drink in the
United Arab Emirates, highlighting appetite for consumer-related
investments in the Gulf Arab region. No financial details of the
transaction were disclosed.
** Japan's Mitsui & Co has agreed to buy a 30.8
percent stake in a subsidiary of Vietnam's biggest seafood
exporter, Minh Phu Seafood Joint Stock Co. The deal
will allow Minh Phu Seafood to benefit from Mitsui's extensive
distribution capabilities to expand its international business,
the two companies said.
** Brisbane-based ERM Power Ltd and Australian
utility AGL Energy are among the first-round bidders in
the New South Wales government's sale of the state's biggest
electricity generator, people familiar with the process said.
The sale of Macquarie Generation, which has a net book value of
some A$2 billion ($1.93 billion) and accounts for around a
quarter of the state's generation capacity, is part of a
privatization program to raise funds for infrastructure
** WebMD Health Corp, a health information
provider, will buy back all of the shares in the company
beneficially owned by activist investor Carl Icahn and
affiliates, the company said.
** Tellabs Inc, which helps telecommunications
carriers manage traffic on their networks, said it agreed to be
bought by private equity firm Marlin Equity Partners for $891
** German books-to-cosmetics retailer Douglas said it is in
exclusive talks to buy French perfumery chain Nocibe, in a deal
that would leapfrog it to the number two spot in France. It did
not provide a price for the deal. Media reports last week had
suggested a valuation of between 500 million euro and 550
million euros ($680 million-$750 million) for Nocibe.
** Dubai-based builder Arabtec has acquired the
remaining 45 percent of Emirates Falcon Electromechanical
Company (EFECO) that it does not already own for an undisclosed
amount, the company said.
** BNP Paribas, France's largest bank, plans to
sell part of its stake in South Korean lender Shinhan Financial
Group Co Ltd in a deal worth up to $218 million, a
source with direct knowledge of the deal said.
** Canadian investment fund Fairfax Holdings has
become the third-biggest shareholder of Greek industrial group
Mytilineos, acquiring a 5 percent stake worth about 30
million euros ($41 million), the two companies said.
** OGX Petroleo e Gas Participacoes SA, the
ailing Brazilian oil producer controlled by tycoon Eike Batista,
said on Friday that it is in talks with potential investors for
merger options that could include a capital injection.
So far, the talks have not resulted in a binding agreement
with any investors, OGX said in a securities filing. Vinci
Partners, the only investment firm mentioned in the filing as a
potential suitor, denied that it is engaged in any type of
negotiations with OGX.
** Paylocity, an online payroll and human resources software
company, has picked banks for an initial public offering that
could come next year, according to two sources familiar with the
matter. The Illinois-based company has hired Bank of America
Corp, Deutsche Bank and William Blair to lead
the deal that could raise around $100 million, the sources said.
** A co-operative of smallholders plan to buy a 10 percent
stake in Malaysia's Felda Global Ventures Holdings Bhd
, the world's third-largest palm plantation operator,
according to a report by The Edge Malaysia over the weekend.
** At least three South Korean firms made preliminary bids
for the brokerage unit of the Woori Finance Holdings Co Ltd
, giving a boost to the government's decade-old
attempts to privatize the country's biggest banking
** Dubai private equity firm Abraaj Group has acquired a
majority stake in Ghana Home Loans, the leading provider of
residential mortgages in the West African state, the company
said in a statement.
** Turkish energy company Zorlu Enerji said it
placed a bid to buy the Osmangazi power distribution network,
which provides power to western Turkey.
** French flooring maker Tarkett, which is 50 percent owned
by U.S. private-equity firm KKR, may list on the Paris
stock market before the end of the year, its chief financial
officer said. Tarkett said earlier this month it had submitted a
registration filing for an initial public offering (IPO) of
** Canadian food processor Maple Leaf Foods said it
is looking to sell its interest in Canada Bread Co as
it explores options for its bakery business.