(Adds Deutsche Bank, GE, Birla Sun Life Asset Management,
Schneider, updates Wilmar)
May 15 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** Deutsche Bank has struck a deal to sell its
casino complex in Las Vegas to buyout group Blackstone
for $1.73 billion in cash, drawing a line under an unwanted
investment that has weighed on its balance sheet for years.
** The French government gave itself the power to block
foreign corporate takeovers in "strategic" sectors, throwing up
a potential roadblock to General Electric's $16.9 billion
bid for Alstom's energy assets.
** India's Birla Sun Life Asset Management Co is to acquire
mutual fund assets from Dutch bank ING Groep NV. The
companies did not disclose the deal value.
** French electrical gear maker Schneider Electric
said it has accepted an offer from private equity groups The
Carlyle Group and PAI Partners for its sensors business
in a deal based on an enterprise value of $900 million.
** Britain's Carphone Warehouse and Dixons Retail
have agreed a 3.8 billion pound ($6.4 billion)
all-share merger, seeking to tap into the increasing convergence
of smartphones and consumer electronics products in people's
** U.S. medical devices company Boston Scientific on
Thursday agreed to buy Bayer AG's vascular catheter
business for $415 million to widen its range of devices to treat
clogged blood vessels.
** The Dutch Gemini offshore wind farm project signed a
three billion euro ($4.1 billion) construction deal with a
consortium led by Siemens.
** Erich Kellerhals, the minority owner and founder of
Media-Saturn Holding GmbH, has made a new offer to buy back
Europe's biggest electronics chain from German retailer Metro AG
, alongside other investors, he was quoted as saying on
** Slovenia has asked potential buyers of its largest
telecoms operator Telekom Slovenia to submit
non-binding bids by the start of June, state investment fund SOD
said on Thursday.
** Deutsche Telekom is not in any talks about a
potential merger, the company told its shareholders on Thursday.
** Hospital operator Kindred Healthcare Inc went
hostile with its $533 million offer for Gentiva Health Services
Inc on Thursday, after Gentiva rejected the bid saying
it expected to generate more value as a standalone provider of
home healthcare services.
** U.S. drugmaker Pfizer, which has made a $106
billion bid approach to British peer AstraZeneca, has
not discussed the proposed deal with European Union regulators,
the region's antitrust chief said on Thursday.
Pfizer's potential takeover of AstraZeneca poses a threat to
British science unless the U.S. drugmaker can give more
concrete, enforceable guarantees on jobs and investment,
politicians scrutinizing the deal said on Thursday.
** AT&T Inc is working with investment bank Lazard Ltd
as it negotiates a potential takeover of DirecTV
, the top U.S. satellite TV operator, according to people
familiar with the matter.
** America Movil has submitted its offer to buy the shares
of Telekom Austria that the Mexican telecoms giant or its
partner, Austrian state holding company OIAG, do not already
** A joint venture between Britain's Centrica and
Qatar Petroleum has agreed to buy a number of Canadian natural
gas assets from Shell for C$50 million ($45.85
million)in the entity's first joint acquisition since it was
created a year ago.
** The French government has issued a decree allowing it to
block foreign takeovers of French firms in "strategic" sectors,
throwing up a potential roadblock to General Electric's
$16.9 billion bid for Alstom's energy assets.
** Wilmar International Ltd and First Pacific Co
Ltd sweetened a takeover offer for Goodman Fielder Ltd
to about A$1.37 billion ($1.28 billion), after the
Australian food firm rejected an earlier bid as too low.
** China's CITIC Pacific Ltd said it had secured
$5.1 billion to help fund the purchase of some $36 billion in
assets from its state-owned parent company, as strategic
investors lined up to give the landmark deal their blessing.
** Democratic members of the Federal Communications
Commission may be divided over how they view the possible Sprint
Corp merger with T-Mobile US Inc, the Wall Street
Journal reported, citing people familiar with the matter.
** Bank of Nova Scotia said on Wednesday that it
would explore options to divest itself of some or all of its 37
percent stake in asset manager CI Financial and
redeploy the capital elsewhere.
** Louisiana-Pacific Corp has backed away from its
planned takeover of Ainsworth Lumber Co, blaming the
split on demands for more asset sales from Canadian and U.S.
regulators, the companies said on Wednesday.
** Insurer American International Group on Wednesday
said it had completed the sale of its aircraft leasing unit to
AerCap Holdings, marking the end of years of efforts to
sell International Lease Finance Corp.
** Grupo BTG Pactual SA, Latin America's largest independent
investment bank, is in exclusive talks to buy wealth management
firm BSI from Italian insurer Generali SpA, according
to a statement on Wednesday by Generali.
($1 = 0.59 British Pounds)
($1 = 1.09 Canadian Dollars)
($1 = 1.07 Australian Dollars)
($1 = 0.73 Euros)
(Compiled by Neha Dimri and Mridhula Raghavan in Bangalore)