(Corrects Riverbed item to say Elliott Management's affiliates
collectively own a stake of about 9 percent, not 5.8 percent, in
the network equipment maker)
Nov 8 The following bids, mergers, acquisitions
and disposals were reported by 1500 GMT on Friday:
** Healthcare conglomerate Danaher Corp has teamed
up with Blackstone Group LP to bid for Johnson &
Johnson's diagnostics unit, which makes blood screening
equipment and laboratory blood tests and could fetch more than
$4 billion, according to people familiar with the matter.
** Germany's Boehringer Ingelheim, the world's largest
unlisted drugmaker, is looking to expand its animal health
business and is set to make an offer for poultry vaccine and
feed additives maker Lohmann, two people familiar with the
The bid will value the company, which is owned by PHW Group,
Germany's biggest poultry farmer and owner of the Wiesenhof food
brand, at about 400 million euros ($535 million), or 16 times
its expected operating earnings, the sources said.
** South African lender Standard Bank confirmed it
was in talks to sell a controlling stake in its London-based
global markets business, a deal sources have told Reuters would
be worth over $500 million.
** BlackBerry Ltd will pay up to $250
million to a group of debtors including Prem Watsa's Fairfax
Financial Holdings if another deal succeeds, according
to a regulatory filing on Thursday detailing the debt deal.
** Australia's Queensland state is considering the sale of
its toll road business to capitalise on strong demand for the
country's infrastructure assets, with local media estimating the
sale could raise more than A$5 billion ($4.7 billion).
** Salix Pharmaceuticals Ltd will buy Santarus Inc
for about $2.6 billion, gaining two new
gastroenterology drugs to strengthen its leading presence in
** Talisman Energy Inc said it would sell a stake
in some of its natural gas assets in British Columbia's Montney
field to Malaysia-controlled Progress Energy Canada Ltd for
C$1.5 billion ($1.44 billion) as it restructures global
** Essilor International said it would buy Costa
Inc, a maker of premium sport sunglasses, in a $270
million deal that would help the French company tap into the
growing prescription sun lens market.
** Spain's Endesa has sold a remaining 20 percent
stake in its former gas transport and distribution unit for 130
million euros ($174 million), the utility said, in a move that
will help reduce debt at Italian parent Enel.
** Marine Harvest, the world's biggest fish farmer,
bought a 25.8 percent stake in rival Grieg Seafood at
22 crowns a share, a 23.6 percent premium on the stock's last
close, the companies said.
The transaction for 28.8 million shares is worth 634 million
crowns ($105 million), valuing the company at 2.45 billion
** Cash-strapped German fire-fighting vehicles maker Albert
Ziegler GmbH & Co has been sold to China International Marine
Containers Group (CIMC).
Ziegler, which filed for insolvency in 2011, was bought for
55 million euros ($74 million), the company said, adding that
all 1,000 jobs will be preserved.
** Affiliates of activist hedge fund Elliott Management Corp
disclosed a stake of about 9 percent in Riverbed Technology Inc
, a network equipment maker it said was "significantly
** U.S. private equity firm Carlyle Group LP's
Cogentrix Energy unit completed the acquisition of the
823-megawatt Red Oak natural gas-fired power plant in New Jersey
from U.S. private equity firm Energy Capital Partners.
Carlyle did not disclose the financial terms of the Red Oak
transaction but said in a statement on Thursday that the total
value of the 11 plants it has bought since late 2012 when it
acquired Cogentrix from U.S. investment bank Goldman Sachs Group
Inc is more than $1.2 billion.
** Telecom Italia said on Friday it had received
an offer worth $1 billion for a stake in its Argentinian unit,
whose sale is the cornerstone of a new strategy aimed at raising
4 billion euros to avoid a credit downgrade and revive its
Investment fund Fintech is in talks with Telecom Italia to
buy a controlling stake in Telecom Argentina, said a spokesman
for Argentina's media regulator.
** France's Carrefour is in talks to buy a
portfolio of shopping malls from real estate group Klepierre
, it said on Thursday, in a move that could help its
efforts to revive European hypermarkets.
** Italian private equity fund Clessidra said on Friday it
has a strong interest in fashion house Versace, which is
currently looking to sell a stake of between 15 and 20 percent.
** Troubled French poultry group Doux is close to signing a
rescue deal whereby its main client, Saudi food distributor
Almunajem, will take a minority stake, a moment of rare good
news for a French meat industry shaken by plant closures.
** Australia's Macquarie Group Ltd is set to make
an $800 million all-cash offer for Lloyds Banking Group's
Scottish Widows asset management arm in the next two
weeks, which could push Aberdeen Asset Management out of the
race, the Wall Street Journal reported.
** Swiss industrial machinery maker Sulzer has
attracted strong interest for its Metco coatings unit and the
sale is well on track, the company's chief executive said.
Sulzer hopes it could get about 800 million Swiss francs
($871 million) from the sale of Metco, the world's largest
producer of thermal spray coatings, catering to the car,
chemicals and energy industries.
** AstraZeneca may seek to increase its stake in a
diabetes joint venture with Bristol-Myers Squibb,
following a decision by the U.S. firm to exit diabetes drug
research, according to Citi.
** Italian defense group Finmeccanica would prefer
to use a tender process for a possible sale of its Ansaldo STS
rail technology business, part of plans to stem losses
from the group's train division.
The state-controlled group is trying to combine profitable
Ansaldo STS with loss-making train-maker AnsaldoBreda
to create a single transport business which could attract
buyers, Chief Executive Alessandro Pansa said during an analysts
call, adding that all options were on the table.
** Luxury goods group Richemont has decided not to
sell underperforming businesses such as leather goods maker
Lancel in part because it couldn't get a good enough price,
disappointing analysts' hopes for a quick solution.
** Private equity firm Crestview Partners has called off the
sale of Munder Capital Management, four sources told peHUB, a
private equity news website owned by Thomson Reuters.
High price expectations scared many bidders away, two
private equity sources said.
(Compiled by Vrinda Manocha in Bangalore)