(Adds Telekom Austria, Societe Generale, Warburg Pincus,
Espirito Santo; updates Nestle, GE)
May 27 The following bids, mergers, acquisitions
and disposals were reported by 2020 GMT on Tuesday:
** Austria's Federal Competition Agency (BWB) has given
itself two weeks more to review a shareholder syndicate struck
by Carlos Slim's America Movil and state holding
company OIAG to pool their holdings in Telekom Austria
The management and supervisory boards of Telekom Austria
said they had decided to give no recommendation for or against
America Movil's up to $2 billion offer for its outstanding
** Private equity firm Warburg Pincus is exploring
a sale of UK survival equipment company Survitec and is looking
at launching a process this year, three sources familiar with
the matter said on Tuesday.
** Omnicom Group Inc's media services division
signed a deal worth $230 million with Twitter Inc that
will integrate Omnicom's automated ad buying unit Accuen with
Twitter's mobile ad exchange MoPub.
** Societe Generale, France's second-largest
listed bank, is buying out minority holders in its online broker
Boursorama SA for around 260 million euros ($354
million) to increase its presence in the sector.
** Portugal's Espirito Santo Financial Group is to
subscribe to Banco Espirito Santo's 1.045 billion euros
($1.4 billion) rights issue to the extent that its stake in the
country's biggest listed bank will fall 2.4 percentage points,
ESFG said on Tuesday.
** Mercury Systems Inc, a supplier of digital
signal and image processing systems to the aerospace and defense
industry, has ended its exploration of a near-term sale, said
three people familiar with the matter.
** Italy's Barilla, the world's biggest pasta
maker, is looking for opportunities to expand in Latin America
and Asia and could announce a deal in a few months, its chairman
said on Tuesday.
** France's financial regulator has given Investindustrial
Development, a fund led by Italian businessman Andrea Bonomi,
until the end of June to launch a counter-bid for Club
** Bankers are lining up debt financing packages of around 1
billion euros ($1.37 billion) to back a potential sale of a
majority stake in Germany-based fire extinguisher maker Minimax
Viking, banking sources said on Tuesday.
** Pfizer Inc abandoned its attempt to buy
AstraZeneca Plc for nearly 70 billion pounds ($118
billion) on Monday as a deadline approached without a
last-minute change of heart by the British drugmaker.
** Intercontinental Hotels Group, the world's
largest hotelier, has rejected a 6 billion pound ($10.1 billion)
takeover offer from a U.S. bidder, Sky News reported, citing
** Pilgrim's Pride Corp, the world's second largest
chicken producer, said it offered to buy packaged food company
Hillshire Brands Co in a $6.4 billion deal as it looks
to add pork and beef products to its portfolio. The cash offer
of $45 per share represents a premium of about 22 percent to
Hillshire's Friday closing.
** Kakao Corp, the dominant messaging app firm in South
Korea, has agreed to buy Internet portal company Daum
Communications in a $3.3 billion stock deal,
circumventing a potentially time-consuming IPO process with a
back door listing. With the deal, Kakao is seeking to mount a
serious challenge to Naver Corp, the country's
biggest Internet portal operator and owner of Line - the
dominant messaging app in Japan and which has been more
successful expanding overseas.
** Rosneft OAO and BP Plc signed an
agreement on Saturday to jointly explore for hard-to-recover oil
in Russia, the first major deal for the state-run Russian oil
company since the West imposed sanctions over Ukraine in March.
Rosneft could also buy a controlling stake in the world's
largest offshore driller, Norway's Seadrill Ltd, after
saying it was in talks to acquire a significant stake in
Seadrill subsidiary North Atlantic Drilling.
** Leading global agribusiness group Archer Daniels Midland
Co is among the bidders for German drink and food
flavors maker Wild in a transaction valued at 1.5 billion euros
($2.04 billion), sources familiar with the deal said on Friday.
** KKR & Co plans to buy Singapore's Goodpack Ltd
, the world's largest maker of intermediate bulk
containers, in a deal that values the company at S$1.39 billion
($1.11 billion), the two companies said on Tuesday.
** Australian private equity firm Pacific Equity Partners
offered up to A$1.1 billion ($1.02 billion) to take standards
compliance business SAI Global Ltd private, the latest
in a flurry of deal activity in the country sparked by surging
** Atos SE said it agreed to buy Bull SA
on Monday in an all-French takeover deal worth 620 million euros
($845.2 million) aimed at creating an international information
company that would be Europe's biggest in cloud operations and a
leading cybersecurity player.
** Aeropostale Inc said it secured a $150 million
credit facility from private equity firm Sycamore Partners, in
what could be a lifeline for the struggling teen apparel
** State-owned Gabon Oil Co plans to purchase new oil assets
and market a bigger portion of Gabon's crude oil, its chief
executive told Reuters, aiming to grow to compete alongside
international oil firms.
** The French state has no plans to sell a 15 percent stake
in EDF, a finance ministry official told Reuters on
Tuesday, denying a union report that the government was
preparing to reduce its 84 percent holding in the power group.
** Renesas Electronics Corp plans to sell its
majority stake in a maker of iPhone display chips to Synaptics
Inc, another smartphone chip supplier, according to
sources familiar with the matter.
** Apple Inc supplier Foxconn Technology Group will
buy a stake in Taiwanese mobile telecoms operator Asia Pacific
Telecom Co Ltd for T$11.6 billion ($390 million) in a
deal that would expand its presence in Taiwan's fledgling 4G
** Japan Display Inc, the world's biggest maker of
liquid crystal displays for smartphones and tablets, is
considering setting up a joint venture with Sony Corp
and Panasonic Corp to develop organic light-emitting
diode (OLED) displays, sources familiar with the matter said.
The new company would be mostly owned by the Innovation
Network Corp of Japan, a government-backed fund that formed
Japan Display from loss-making panel businesses at Sony, Hitachi
Ltd and Toshiba Corp, sources said.
** Food group Nestle is buying back milk powder
factories in Latin America, significantly scaling down a joint
venture with Fonterra, the New Zealand dairy group
whose reputation was damaged by a food safety scare last
** UK-based retailer Tesco Plc has failed to reach
a deal with unnamed third parties over its struggling business
in Turkey, a new setback for Chief Executive Philip Clarke as he
seeks to rein in the group's global expansion and fix the core
business at home.
** The UK's R&R Ice Cream Plc, Europe's
second-largest ice cream maker, said it would buy Australian
rival Peters Food Group Ltd from its private equity owner in a
deal Australian media valued at about A$450 million ($416
** Intuit Inc, developer of tax-preparation
software TurboTax, said it had entered into a definitive
agreement to buy bill-payment service Check Inc for $360 million
in cash and other considerations.
** Standard Chartered Plc has not reached a final
decision on the future of its Swiss private bank, it said on
Monday, denying a media report that it is poised to close the
** Swiss media company Tamedia AG said it had
raised its offer to buy PubliGroupe SA to 190 Swiss
francs per share from 150 per share, but its bid still fell
short of a recent offer from Swisscom AG. Tamedia and
Swiss national telecoms provider Swisscom are both keen to gain
control of PubliGroupe's online directory platforms as the
market for digital advertising grows.
** Finland is selling state-owned road and rail construction
group Destia to local private equity firm Ahlstrom Capital for
148 million euros ($202 million), aiming to boost competition in
the sector and reduce government borrowing.
** Real estate developer Azrieli Group agreed to sell
Israeli paint company Tambour Ltd to Singapore-based holding
company Kusto Group for 500 million shekels ($144 million).
** Spanish construction group FCC is among seven
companies that have presented non-binding bids to buy Portuguese
waste management company Empresa Geral do Fomento (EGF), two
sources said on Tuesday.
** A consortium of Czech investment group KKCG, Emma Capital
and Italian gaming company GTECH will bid for a
license to operate Turkey's national lottery Milli Piyango, KKCG
** Germany's Trimet Aluminium is in talks about purchasing
insolvent German aluminum producer Voerde Aluminium, a newspaper
said on Monday.
** U.S.-Mexico ferry operator Baja Ferries is in talks with
French transport firm Transdev about buying its 66 percent stake
in loss-making France-Corsica ferry operator SNCM.
** Middle East private equity firm Abraaj Group has bought
into an education provider in Thailand, betting on a country
that last week saw the imposition of military rule after months
of wrangling between government and anti-government activists.
** Botox maker Allergan Inc said on Tuesday Valeant
Pharmaceuticals International's $47 billion offer
overstated the possible savings from the deal in terms of both
research and development and in tax structure.
** Canadian medical isotope supplier Nordion Inc
said it would delay the shareholders meeting that had
been scheduled for Tuesday by a week to give it time to try to
get more support for a $758 million takeover offer by U.S.-based
Sterigenics International. An initial proxy vote on the takeover
fell short of required shareholder support.
** Israeli investment group Mivtach Shamir Holdings
is in talks with China's Bright Food Group Co
on cooperating in the future as co-owners of Tnuva,
Israel's biggest food company.
** IntercontinentalExchange Group has lined up
European long-term investors to buy a third of Euronext in its
upcoming listing, aiming to allay local regulators' concerns
that the pan-European bourse could be snapped up by another
** The State Grid Corp of China, the country's
dominant power grid operator, will open two of its business
sectors to new investors, including private and non-state
companies, state media said on Tuesday.
** Greek lender Attica Bank has hired advisers to
look for an investor to take part in a planned equity offering,
as it becomes the fifth of the country's banks to tap
international markets to plug a capital hole, it said on
** General Electric boss Jeff Immelt faces a public
French parliamentary grilling in person on Tuesday over his
high-stakes plan to buy the power arm of engineering group
Alstom, replacing a subordinate at the last minute.
Immelt is scheduled to speak in defense of his 12.35 billion
euro ($16.9 billion) bid for Alstom's power arm at 1630 GMT.
Germany's Siemens hopes to submit by June 16 at
the latest a formal asset swap offer to France's Alstom that
would create two European industry champions, the head of
Siemens France said on Tuesday.
($1 = 0.89 Swiss francs)
($1 = 1.08 Australian dollars)
($1 = 3.48 Israeli shekels)
($1 = 30.1 Taiwan dollars)
($1 = 0.73 Euros)
($1 = 1.08 Australian dollars)
(Compiled by Natalie Grover and Shailaja Sharma in Bangalore)