Jan 27 The following bids, mergers, acquisitions
and disposals were reported by 2130 GMT on Monday:
** Charter Communications Inc has agreed in
principle to sell Time Warner Cable Inc's New York,
North Caroline and New England assets to Comcast Corp,
if it succeeds in buying Time Warner Cable, according to a
** U.S. cable group Liberty Global Inc has agreed
to buy Ziggo NV in a cash and share deal valuing the
Dutch operator at 10 billion euros ($13.7 billion) to expand its
reach across Europe.
** Sedgwick Claims Management Services Inc, one of the
largest U.S. providers of claims services, said private equity
firm KKR & Co LLP would acquire majority ownership of
the company for about $2.4 billion.
** Private equity firm Thoma Bravo LLC is exploring the sale
of network security company Blue Coat Systems Inc and is
expected to choose Goldman Sachs Group Inc to lead the
effort, according to three sources close to the situation.
** Genstar Capital LLC is exploring a sale of TravelClick
Inc, a provider of online reservation systems to the hotel
industry that could be valued at more than $800 million,
according to four people familiar with the matter.
** Diversified manufacturer United Technologies Corp
is weighing options for its Sikorsky helicopter unit, including
a potential sale or spinoff, industry publication Defense News
reported on Monday, citing unnamed sources.
** Forest products company Rayonier Inc said it
would spin off its cellulose fiber business into a publicly
** Australian bank Macquarie is looking to expand
its portfolio of power assets, one of its executives said, and
may even invest in continental Europe, where utilities are
closing thousands of megawatts worth of gas and coal plants.
** Hudson's Bay Co said on Monday that it would
sell its flagship downtown Toronto store and neighboring
executive offices for C$650 million ($587.73 million) to
Cadillac Fairview Corp and open a full-line Saks store in the
** Chinese online game developer Shanda Games Ltd
received a buyout offer from its controlling shareholders that
values the company at $1.9 billion, highlighting the growing
popularity of online gaming in China.
** The signing of a gas production-sharing agreement between
Ukraine and an international consortium led by U.S. major Exxon
Mobil has been postponed for the second time in a row,
Ukraine's fuel and energy minister said on Monday.
** U.S. mobile group AT&T Inc has ruled out a bid for
Britain's Vodafone Group Plc for now, with banking
sources saying a U.S. spying scandal and a surge in European
telecom shares may have disrupted a deal that many think could
** Canadian bank BMO Financial Group has made a
preliminary offer to buy British fund manager F&C Asset
Management Plc for 697 million pounds ($1.2 billion) in
** Britain's Premier Foods Plc will hand control of
Hovis bread to U.S. investment firm The Gores Group, in a deal
which values the struggling unit at 87.5 million pounds.
** Turkish Islamic lender Bank Asya said it would
increase its cash capital by 33 percent to 1.2 billion lira
($515 million) and sell an 18 percent stake in retailer Yeni
Magazacilik (A101) for 298 million lira.
** Global investment banker Goldman Sachs is likely
to acquire a 26 percent stake in Indian medical equipment maker
Opto Circuits Ltd for about 3 billion rupees ($48.01
million), Business Standard reported.
** Celesio AG said hedge fund manager Paul
Singer's voting stake in the German drug distributor has fallen
to 1.15 percent as of Jan. 22, regulatory filings show.
** Britain's Diageo Plc, the world's biggest spirits
maker, has added to its tequila offering with the acquisition of
super-premium brand Peligroso, the company said. Financial terms
of the deal were not disclosed.
** Swedish activist investor Cevian has increased its stake
in German steelmaker ThyssenKrupp AG to between 12 and
15 percent, a financial source familiar with the matter said.
** Czech financial group J&T wants to merge its 8.35 percent
stake in Unipetrol with those of various clients into
a single entity, a spokeswoman said, as it tries to push the
downstream oil company into paying a dividend.
** Czech utility CEZ is not planning to sell any
of the 7 percent stake in oil and gas company MOL it
has left on its books after the Hungarian group's option to buy
the shares expired, a CEZ spokeswoman said.
** Veneto Banca's Chief Executive Vincenzo Consoli said the
bank is prepared to consider possible merger proposals with the
help of Goldman Sachs, in line with a recommendation by
Italy's central bank.
** Google Inc said on Sunday it had agreed to
acquire privately held artificial intelligence company DeepMind
Technologies Ltd. Technology news website Re/code, which
reported news of the deal earlier, said the price was $400
** Altegrity Inc, which owns the provider of background
checks for the U.S. government that vetted former spy agency
contractor Edward Snowden, has revived talks to sell its unit
that screens private-sector employees, two people familiar with
the matter said. Altegrity, owned by private equity firm
Providence Equity Partners Llc, was originally seeking as much
as $1 billion for HireRight, people familiar with the matter
told Reuters in July.
** Tiger Global Management Llc, the hedge fund managed by
industry mogul Charles Coleman, plans to spend up to 1.2 billion
reais ($500 million) to buy a stake in Brazilian online retailer
B2W Companhia Digital, in a bet that e-commerce will
keep booming in Latin America's largest economy.
** Piramal Enterprises Ltd is evaluating a
proposal from merchant bankers to acquire a 5 percent stake in
India's Axis Bank Ltd through block deals, Business
** Egyptian billionaire Naguib Sawiris plans to bid for
Brazilian wireless carrier TIM Participações SA,
according to a newspaper interview published on Saturday, adding
pressure to a delicate standoff between two European telecom
** Pavel Durov, founder of Russia's biggest social network,
said on Friday he had sold his stake in VKontakte (www.vk.com)
to an ally of tycoon Alisher Usmanov, the site's second-largest
shareholder, who has long wanted to secure control. The deal
took place last month and was probably based on a valuation of
$3-$4 billion for all of VK, Russia's answer to Facebook,
according to business daily Vedomosti.
** Croatia said on Friday that a privatisation deal for the
sale of state railway cargo unit HZ Cargo to a Romanian buyer
had fallen through. Grup Feroviar Roman, a member of Romania's
Grampet Group, was in talks to buy 75 percent of HZ Cargo.
** France's Carrefour SA said on Friday that it
signed a binding agreement with real estate group Klepierre SA
to buy a portfolio of 127 shopping malls in Europe,
with the deal expected to close in the first half of 2014.
** Pop Milano's top investor Andrea Bonomi, who
spearheaded a plan to turn the cooperative bank into a
joint-stock company, has sold his entire 8.6 percent stake, a
source close to the matter said.