(Loewe, Jyske Bank, Shenzhen Marisfrolg, Eli Lilly. Updates
Feb 24 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Monday:
** Denmark's Jyske Bank has agreed to buy the
country's fourth-largest mortgage credit institution BRFkredit
for around 7.4 billion Danish crowns ($1.36 billion) in shares
and cash, it said on Monday.
** German drug firm Bayer has clinched a $2.9
billion deal to take over Norwegian cancer drug maker Algeta
after being tendered 92.17 percent of the shares in
a cash offer, the companies said on Monday.
** Chipmaker RF Micro Devices Inc will buy peer
TriQuint Semiconductor Inc for about $1.6 billion to
capture a larger share of the market for chips supplied to Apple
Inc and Samsung Electronics Co Ltd.
** Eli Lilly and Co, one of the biggest U.S.
drugmakers, said on Monday it would buy Germany's privately held
Lohmann Animal Health for an undisclosed sum in a move to grow
its animal vaccine business.
** Chinese retail group Shenzhen Marisfrolg has bought
Krizia, one of Italy's oldest ready-to-wear fashion brands, and
plans to open new shops in Asia, the companies said on Monday.
** Essar Energy Plc rejected a possible buyout bid
from its majority shareholder, saying the offer of about 900
million pounds ($1.50 billion) undervalued the London-listed oil
and gas company.
** Spain's Bankia said on Monday that it had
reached a deal to sell three loan portfolios worth 713 million
euros ($980 million) to institutional investors as part of a
plan to dispose of non-strategic assets.
** Cinven Ltd will buy pharmaceutical contract research
company Medpace Inc for $915 million from CCMP Capital Advisors
LLC, providing more evidence of the sector's attractions for
** Men's Wearhouse Inc raised its offer for Jos. A.
Bank Clothiers Inc by more than 10 percent, nearly two
weeks after its smaller rival looked to fend off the unsolicited
bid by agreeing to acquire Eddie Bauer.
** Insolvent German television maker Loewe is
looking for a new partner to salvage the company after a group
of investors said they wanted to pull out of a deal to purchase
some of its assets and keep the brand going.
** Eldorado Gold Corp has agreed to sell a minority
stake in its Eastern Dragon gold project to Chinese private
equity firm CDH Investments, the Canadian miner said on Monday.
** Canadian exploration company Augusta Resource Corp
has asked its shareholders to reject base metal
miner HudBay Minerals Inc's hostile takeover bid.
** Britain's Dixons Retail and Carphone Warehouse
are in merger talks that could create an electrical
goods and mobile-phone group with a market capitalization of
more than 3.4 billion pounds.
** Oracle Corp said it would buy online data
management startup BlueKai to bolster its marketing platform.
** Arabtec Holding, Dubai's largest listed
construction firm, is in the advanced stages of talks to fully
acquire a construction company in Kuwait's Kharafi Group, two
sources aware of the discussions said. Arabtec is in talks to
buy Kharafi National, a Kuwait-based contractor and facilities
management firm with operations in several Middle Eastern
** Belarusian state potash producer Belaruskali will supply
potash to Russian phosphate and nitrogen fertilizer company
Phosagro in 2014, the Russian firm said on Monday.
** Chesapeake Energy Corp said it was pursuing
strategic alternatives for its oilfield services division,
including an outright sale or a potential spinoff to Chesapeake
** Finnish gas company Gasum is to acquire 51 percent of
Norwegian Skangass's distribution operations from Lyse
Corporation as it seeks to improve the efficiency of its
liquefied natural gas network.
** Brazilian sugar and ethanol firm Cosan SA
proposed a takeover on Monday of America Latina Logistica SA in
a $4.7 billion deal that would form Latin America's largest
railway and logistics company.
** French media group Vivendi confirmed on Monday
that it had been approached by cable group Altice over
a tie-up between mobile operator SFR and cable firm Numericable
, but said it had not yet received a formal offer.
** German Internet service provider QSC said it
was buying 51 percent of shares in FTAPI Software GmbH, a
start-up company specialized in encrypted data exchange between
** Tesco, the world's No. 3 retailer by sales, is
in talks with several companies over a possible restructuring of
its struggling business in Turkey.
** French luxury group LVMH will unveil on Monday
a joint venture with Italian fashion brand Marco de Vincenzo as
part of its strategy to gain exposure to young and potentially
fast-growing fashion labels, a source close to the matter said.
** South African financial services group MMI Holdings
said it will buy a majority stake in Kenyan insurer
Cannon Assurance for $27 million, to increase its presence in
east Africa's top economy.
($1 = 0.73 euro)
($1 = 0.60 British pound sterling)
($1 = 3.67 United Arab Emirates dirhams)
($1 = 5.4365 Danish crowns)
(Compiled by Shubhankar Chakravorty and Anannya Pramanick in