(Corrects to remove reference to Gannett Co exploring bid for
Cars.com. This story was first reported on May 7, not May 22)
May 22 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** Refiner Marathon Petroleum Corp said it would buy
oil and natural gas producer Hess Corp's retail business
for $2.87 billion to expand its network of gas stations and
convenience stores along the U.S. East Coast.
** CVS Caremark Corp made a formal bid to purchase
Brazilian drugstore firm DPSP for about 4.5 billion reais ($2
billion), though the offer was rejected, a Brazilian news
website reported on Thursday.
** Unilever agreed to sell its Ragu and
Bertolli pasta sauce brands to Japanese condiments maker Mizkan
Group for $2.15 billion in cash, bringing it closer to wrapping
up the restructuring of its North American food business. The
Anglo-Dutch consumer goods company is still exploring options
for its troubled Slimfast brand, but has said a conclusion on
that would be the last step in the streamlining of its food
business in the United States.
** China's Bright Food Group Co Ltd has struck a
deal to buy control of Israel's largest food company, gaining
new products and technology as it chases rivals that have
overtaken it in China's fast-growing cheese and dairy markets.
Under terms of a preliminary accord, Bright Food said it will
buy 56 percent of dairy firm Tnuva from private equity house
Apax for an undisclosed sum. A person familiar with
the transaction said it values all of Tnuva at about $2.5
** Activision Blizzard Inc said Vivendi S.A.
will sell 41.5 million of the videogames publisher's
shares, as part of a planned stake sale announced by the French
conglomerate last July. The offering is expected to close on May
28 and Activision will not receive any of the proceeds, the
company said on Wednesday.
** Reynolds American Inc is in active discussions to
buy Lorillard Inc in a complicated, three-way transaction
that could see British American Tobacco Plc take a
major role to back a potential merger, according to people
familiar with the matter.
** Goldman Sachs Group Inc will sell its rights to
operate as a designated market maker in more than 600 New York
Stock Exchange-listed stocks to Dutch high-speed trading firm
IMC Financial Markets, IMC and NYSE said.
** Flipkart, India's largest e-tailer, acquired the
country's biggest fashion portal Myntra, as Amazon.com Inc's
rapid expansion in the country stokes consolidation in
the e-commerce industry. Financial terms of the deal were not
disclosed, but according to one person with knowledge of the
development, the transaction is worth about $300
** Commerzbank is close to selling a 700 million
euro ($957 million) portfolio of commercial property loans in
Japan, a source familiar with the transaction told Reuters.
** Manhattan Resources Ltd, a Singapore-listed
shipping firm controlled by Indonesian billionaire Low Tuck
Kwong, said it planned to acquire a mining firm in Low's
business empire for S$1 billion ($800 million).
** Sanchez Energy Corp said it would buy oil and gas
properties in the Eagle Ford region of south Texas from Royal
Dutch Shell Plc for about $639 million cash as the
Dutch oil company looks to pare its exposure to U.S. shale.
** Italian businessman Andrea Bonomi may boost his stake in
Club Mediterranee to 29.9 percent and does not rule
out launching a new bid should the 557 million euros ($761
million) bid he opposes fail, a source close to the situation
told Reuters. The 17.50 euros per share bid launched a year ago
by private equity players Ardian of France and China's Fosun
International for the French holiday firm is set to
close on Friday.
** Russia's gold and silver miner Polymetal has
bought a large gold mine in neighboring Kazakhstan for $618.5
million almost half of which will be paid with the firm's new
shares, the company said in a statement.
** Microchip Technology Inc said it would buy
Taiwanese wireless products maker ISSC Technologies Corp
to gain ground in a technology that helps connect
everything from cars to lightbulbs through the Internet.
** South African telecoms company Telkom made a
second stab at buying IT infrastructure firm Business Connexion
with a 2.7 billion rand ($256 million) offer, seven
years after competition concerns scuppered its first
** Exxon Mobil Corp said it acquired additional
properties in the Permian Basin of Texas in an asset swap deal
with LINN Energy LLC.
** U.S. agribusiness Cargill Inc bought a Turkish
liquid oil and margarine firm Turyag, Cargill Turkey chief Murat
Tarakcioglu told reporters late on Wednesday. Cargill will
invest over $100 million into the firm, including the
acquisition amount, Tarakcioglu said.
** Britain's Barclays is sounding out potential
buyers for its Spanish retail bank, people familiar with the
matter said, adding that local peers and private equity firms
could be interested in parts of the business.
** Starboard Value LP launched a fight to take over Darden
Restaurants Inc's board, saying the planned sale of
Darden's struggling Red Lobster chain was a "destructive
transaction" that ignored the rights of shareholders.
** Telecom equipment maker Alcatel-Lucent said it
was in exclusive talks to sell its network security unit to
defense electronics group Thales as part of a broader
partnership in cybersecurity.
** Italian state-controlled power engineering company
Ansaldo Energia has agreed to buy British nuclear
decommissioning firm Nuclear Engineering Services (NES) for
about 36 million euros ($49 million), Italy's state fund FSI
** The French government is studying an all-French solution
for Alstom that could involve public funds to
strengthen the engineering group if no deal is reached with
suitors General Electric or Siemens, Economy
Minister Arnaud Montebourg said on Thursday.
General Electric Co has agreed to extend its $16.9 billion
bid for the power arm of France's Alstom until June 23 from June
2 at the request of the French government, the U.S. company said
** Slovenia expects binding bids for a 75.5 percent stake in
its largest airport Aerodrom Ljubljana in July, state
investment fund SOD said. Aerodrom Ljubljana is among the 15
companies the government earmarked for sale last May to boost
budget income and improve corporate governance.
** Blackstone Group LP and TPG Capital Management LP
are expected to make a combined offer for Kensington,
one of Britain's biggest specialist mortgage lenders, Sky News
reported on Wednesday.
** China's Citic Telecom is in exclusive talks to
buy into the undersea cable assets of India's Reliance
Communications Ltd, the Financial Times reported,
citing unnamed people familiar with the talks.
** Finnvedenbulten said it would sell its division
Finnveden Metal Structures to U.S. based Shiloh.
** Cypriot banking group Bank of Cyprus said it
sold loans extended to Serbian real estate company Robne Kuce
Beograd to Piraeus Bank of Greece.
($1 = 0.73 euros)
($1 = 3.49 Israeli shekels)
($1 = 1.25 Singapore dollars)
($1 = 10.42 South African rand)
(Compiled by Natalie Grover and Sampad Patnaik in Bangalore)