(Shell, Nestle, Kirkland, ONGC, Verso Paper; updates XPO
Logistics, Thermo Fisher, T-Mobile US)
Jan 6 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Monday:
** T-Mobile US Inc is buying wireless airwave
licenses from Verizon Wireless to improve its high-speed network
in a $3.3 billion deal and said it hopes to follow up with more
** Men's Wearhouse Inc mounted a hostile $1.61
billion bid for Jos. A. Bank Clothiers Inc in an
attempt to break the resistance of its smaller rival and pacify
investor demand for a merger of the suit retailers. Men's
Wearhouse offered $57.50 per share for Jos. A. Bank, above its
** Singapore Oversea-Chinese Banking Corp's (OCBC)
bid to take over Hong Kong's Wing Hang Bank in a deal
estimated at $5.3 billion has raised concerns it may be paying
too much for a mid-sized bank and will be tapping shareholders
to fund the acquisition. OCBC has begun exclusive talks with
Wing Hang, offering nearly twice the Hong Kong lender's book
value, two people familiar with the deal told Reuters on Friday.
** Phil Falcone's Harbinger Capital Partners, which controls
bankrupt satellite company LightSquared, has asked a judge to
reject a takeover effort by Dish Network Corp, saying
its $2.2 billion bid for a chunk of LightSquared's spectrum is a
** Thermo Fisher Scientific Inc said it would sell
three businesses to General Electric Co's healthcare unit
for $1.06 billion, a deal that will enable Thermo Fisher to
secure European antitrust approval for its acquisition of Life
** Coated paper maker Verso Paper Corp said it would
buy privately held NewPage Holdings Inc for about $900 million
in cash and bonds to form a more cost-efficient company that can
cope with increasing pressure from digital media.
** Belgian crude oil shipping group Euronav said
on Sunday it would buy 15 very large crude carriers from
Denmark's Maersk Tankers, a unit of A.P. Moller-Maersk
, for $980 million.
** Switzerland's EFG International has struck a
deal to take over the Hong Kong business of Abu Dhabi-owned
Falcon Private Bank. According to two sources with knowledge of
the agreement, EFG will pay Falcon - which manages 800 million
Swiss francs ($885 million) in Hong Kong - according to how many
clients it can convince to transfer to the Swiss bank. Neither
EFG nor Falcon gave financial details of the deal.
** Royal Dutch Shell and BP are considering
the sale of refineries and petrol stations in Australia to free
up cash, the Australian Financial Review reported on Tuesday.
** Canadian gold producer and explorer Kirkland Lake Gold
Inc said on Monday it has started a strategic review
and is considering selling assets or shares, sending its stock
down more than 8 percent in early trading.
** India's ONGC Videsh, the overseas investment arm of
explorer Oil and Natural Gas Corp, is considering an
oil-for-debt deal to help fund the acquisition of a Mozambique
gas field, its head of finance S.P. Garg said on Monday.
** Nestle said it would sell its U.S.-based frozen
pasta business, Joseph's Pasta, to private equity firm Brynwood
Partners VII LP as part of a drive to clean up its portfolio.
** Liberty Media Corp on Friday said that it would
offer to buy out the minority shareholders in satellite radio
provider Sirius XM Holdings Inc, in a deal that could
give cable mogul John Malone a freer hand in driving cable
** German aviation investor Hans Rudolf Woehrl on Saturday
said that he wanted to merge Air France-KLM's CityJet,
which he offered to buy last month, with his carrier InterSky to
tap into demand for regional business flights beyond Europe's
big airline hubs.
** Commerzbank expects other lenders to follow
Credit Suisse's move to sell its private bank in
Germany, creating opportunities for Commerzbank to expand its
wealth management business, a divisional chief said.
** A Tel Aviv court on Sunday upheld an earlier decision
approving the transfer of control in debt-ridden conglomerate
IDB Holding Corp to Argentinian businessman Eduardo
Elsztain and his Israeli partner Moti Ben-Moshe.
** XPO Logistics Inc will buy Pacer International
Inc to bolster its intermodal shipping business as it
looks to provide cheaper services and take advantage of the
booming trade between the United States and Mexico..
** Belgian healthcare group Arseus has sold
several small units of its healthcare supplies business to U.S.
group Henry Schein for 50 million euros ($68 million).
** Spanish telecoms group Telefonica said it was
not part of a vehicle studying a potential joint offer for
Brazilian wireless operator TIM Brasil, a unit of Telecom Italia
, and had no details of such a deal. An Italian
newspaper reported last week that Telefonica was looking to set
up a vehicle with rivals America Movil and Oi
to take over TIM Brasil and break it up.
** Hungary's partly state-owned Szechenyi Bank has offered
to buy the loss-making Hungarian unit of Austria's Raiffeisen
Bank International, daily newspaper Magyar Hirlap
reported, without naming its sources.
** The European Commission said it had rejected Berlin's
request to refer to the German competition authority a proposed
takeover by Swiss cement maker Holcim of some of
Mexican rival Cemex's European assets. The
commission, which acts as the competition authority in the
28-nation bloc, said the deal would affect cement markets
outside Germany, such as parts of Belgium, the Netherlands and
the northeast of France.
** Algeria's national carrier Air Algerie signed deals on
Monday to buy three 250-seat Airbus passenger jets and
eight 150-seat jets from Boeing.
** Private equity fund Permira Advisers LLC is planning to
take a controlling stake in LegalZoom.com, a provider of online
legal documents that was going to go public, according to people
familiar with the matter. Under the terms of the transaction, a
company newly formed by Permira is expected to acquire more than
$200 million of the outstanding equity of LegalZoom through a
tender offer launched on Dec. 30, the people said.
** U.S.-listed cable telecoms group Liberty Global
is finalizing talks with Dutch operator Ziggo about a
takeover offer, according to a media report. Liberty, which is
Europe's largest cable operator and already owns 28.5 percent of
Ziggo, has been driving consolidation of the fragmented European
** Tower Group International Ltd said it would be
bought by ACP Re Ltd, a privately owned reinsurance company, for
($1 = 0.73 euros)
($1 = 0.90 Swiss francs)
(Compiled by Sampad Patnaik and Shubhankar Chakravorty in