(Adds Alsea, UniCredit, Qatar Airways, Staples, Pfizer,
Endurance Specialty, Ascometal, updates Alstom)
May 5 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Monday:
** Endurance Specialty Holdings Ltd is considering
increasing its offer to acquire rival reinsurer Aspen Insurance
Holdings Ltd to around $50 per share, or roughly $3.26
billion, people familiar with the matter said.
** Mexican state-run oil company Pemex has hired
Credit Agricole to sell its stake of just over 9
percent in Spanish oil major Repsol, Spanish online
newspaper El Confidencial reported, citing financial sources.
The stake's market value is worth about 2.3 billion euros ($3.19
billion), according to Reuters' calculation.
** Australia's Bendigo and Adelaide Bank Ltd agreed
to buy state-owned Rural Finance Corp for A$1.78 billion ($1.65
billion) in an acquisition that would almost quadruple its loans
** Chinese steel giant Baosteel Resources and Australian
rail company Aurizon Holdings Ltd launched a $1 billion
takeover bid for Australian explorer Aquila Resources Ltd
in a move that could help break the grip of mega iron
ore exporters Rio Tinto and BHP Billiton
** Sterigenics, a sterilization services provider owned by
private equity firm GTCR LLC, raised its buyout offer for
Nordion Inc to $758 million from $727 million
on Monday, after the Canadian medical isotope supplier received
a rival bid from an unnamed buyer.
** Etisalat, which is set to buy a majority stake
in Maroc Telecom, has agreed to sell its West African
business to the Moroccan firm for $650 million to tap its
expertise in that region.
** Mexican restaurant operator Alsea said on
Monday it received regulatory approval to purchase retailer
Walmex's Vips restaurant chain, with the deal set to be
finalized in the coming days. Alsea, which runs Domino's Pizza,
Starbucks and Burger King franchises in Mexico, agreed to buy
Walmex's 361 restaurants in September for 8.2
billion pesos ($630.85 million).
** Israeli businessman Zadik Bino is in talks with three
groups to sell his controlling stake in Paz Oil,
Israel's largest distributor of refined oil products, for 2
billion shekels ($579 million), TheMarker financial news website
said on Sunday.
** Hon Hai Precision Industry Co Ltd, which makes
iPhones for Apple Inc, is in talks to buy 22 percent of
compatriot mobile network provider Asia Pacific Telecom Co Ltd
, local media reported citing unidentified sources. The
deal will be worth T$11 billion to T$14 billion ($464.48
million), the Commercial Times reported.
** General Electric Co on Monday made tender offers
to buy shares worth up to $389 million in two of Alstom SA's
India units to comply with local rules, following its
$16.9 billion bid to buy the French group's energy unit.
Also, the French government cannot give its backing to
General Electric's bid for Alstom's energy assets in its current
form, the industry ministry said in a letter to GE CEO Jeff
Immelt on Monday.
** An investor consortium led by Dutch pension fund asset
manager APG Asset Management N.V. and investment firm The Xander
Group have formed a $300 million fund to buy leased office
assets in India, the companies said.
** BlackBerry Ltd disclosed that U.S. real
estate investment company Spear Street Capital is buying the
majority of the embattled technology firm's Canadian real estate
holdings for C$305 million ($278.09 million).
** Australian gas firm WestSide Corp Ltd on Monday
rejected as undervalued a takeover offer from China's
diversified energy company Landbridge Group Co Ltd that valued
the company at A$177.6 million ($164.64 million).
** Staples Inc said on Monday it will pay roughly
C$74 million ($67.5 million) for Canada's PNI Digital Media
, giving it control of the software maker that powers
in-store kiosks to print photographs, calendars and wedding
** A group of French industrialists and investors said on
Monday it planned to make a bid of at least 40 million euros
($56 million) for the assets of bankrupt French speciality steel
** Unlisted French retailer Auchan will buy nearly half the
Paris stores that rival Casino has to sell in order to
win regulatory clearance to take full control of Monoprix, a
source close to the matter said on Monday.
** Alitalia's CEO Gabriele Del Torchio will
present his counterpart at Etihad with a proposal aimed at
reaching a deal for an investment by the Gulf-based airline in
the struggling Italian carrier, one of Alitalia's top
shareholders said on Monday.
** Dubai Investments said it plans to sell off
some assets. "We are edging towards completion of a divestment
transaction which will significantly contribute to the group's
profitability," said Chief Executive Khalid Bin Kalban, without
giving further details.
** German engineering firm Siemens AG is close to
finalizing an agreement to sell its logistics and airports
solutions business to a group led by billionaire investor Wilbur
Ross, Bloomberg reported on Sunday, quoting people familiar with
** German aircraft seating maker Recaro is looking at buying
assets from B/E Aerospace after the U.S. company
announced a surprise review that could lead to a shake-up of the
$3 billion cabins industry.
** French utility GDF Suez and Suez Environnement
on Sunday denied a report that Spanish group La Caixa
would take a stake in the environmental services firm, replacing
lead shareholder GDF Suez.
** Abu Dhabi's Etihad Airways on Sunday said its strategy of
buying stakes in European airlines was bringing fresh
competition to the region, despite close scrutiny by regulators
over whether its investments comply with European ownership
** UniCredit is moving forward on the planned sale
of its debt collection unit, as part of a broader effort by
Italy's biggest bank by assets to squeeze more money out of its
large soured-loans portfolio.
** Qatar's sovereign wealth fund has bought the stakes in
its national airline owned by a former prime minister and other
shareholders, making Qatar Airways a fully government-owned
entity, the carrier's chief executive said on Monday.
** Pfizer Inc's top officials said on Monday they
were weighing all strategies, including potential hostile
maneuvers, in the company's effort to complete its intended
takeover of British drugmaker AstraZeneca Plc.
($1 = 0.7212 Euros)
($1 = 1.0795 Australian Dollars)
($1 = 30.1410 Taiwan Dollars)
($1 = 3.4560 Israeli Shekels)
($1 = 1.0967 Canadian Dollars)
(Compiled by Avik Das and Ankit Ajmera in Bangalore)