(Adds Valeant Pharma, Forest Labs, Bilfinger, Shire, EDF,
Salini Impregilo, Catterton Partners; updates TPAO)
May 30 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Friday:
** Former Microsoft Corp CEO Steve Ballmer has
purchased the NBA's Los Angeles Clippers franchise for $2
billion, a record for a professional basketball team, sole
trustee Shelly Sterling announced.
** Shares in Tiger Airways Ltd surged as much as
21 percent to a seven-month high on Friday on what traders said
was speculation that its largest shareholder, Singapore Airlines
Ltd, was planning to increase its stake in the
** Valeant Pharmaceuticals International Inc said
it would increase the cash component in its takeover bid for
Botox-maker Allergan Inc for the second time this week,
contingent on the two sides negotiating. Valeant said it would
pay $72 in cash - up from $58.30 on Wednesday - and 0.83 share
of Valeant stock for each Allergan share.
** Turkey's state oil company TPAO signed a $1.5 billion
deal on Friday to acquire French energy company Total's
10 percent stake in Azerbaijan's Shah Deniz gas
project, at a signing ceremony in Istanbul.
** U.S. antitrust officials on Friday said they had closed
their investigation into the proposed merger of men's clothing
retailers Men's Wearhouse and Jos. A. Bank, a
move that will allow the deal to move ahead.
** Shares in French state-controlled utility EDF
slid more than 3 percent for the second day in a row as rumours
persisted that the state would sell part of its 84.49 percent
stake, despite repeated denials by the finance ministry.
** German engineering and services group Bilfinger
has started the sale of its construction business as it moves
away from a business model vulnerable to price wars in the
building sector, sources familiar with the transaction said.
** Forest Laboratories Inc, which itself is in the
process of being acquired, has won U.S. antitrust approval to
buy Furiex Pharmaceuticals Inc, the Federal Trade
Commission said. Forest, in the process of being bought by
Actavis Plc, had said on April 28 that it would buy
Furiex for up to $1.46 billion.
** London-listed drugmaker Shire is considering a
bid for New Jersey-based NPS Pharmaceuticals, FT
Alphaville reported on Friday, citing sources.
** Italy's biggest builder Salini Impregilo said
on Friday it was evaluating an equity offering to institutional
investors to increase its free float and raise money for
** Canadian equipment finance company Element Financial Corp
is close to a deal to buy PHH Corp's auto fleet
leasing business for about $1.35 billion in cash, according to a
source familiar with the matter on Friday.
** U.S. private equity firm Catterton Partners is close to
acquiring control of John Hardy after holding exclusive talks
with the Bali-inspired jeweller for more than a month, sources
close to the matter told Reuters.
** British fund Polygon Global Partners LLP has acquired a
5.62 percent stake in French tourism group Club Mediterranee
, French regulator AMF said in a statement on Friday.
** The Russian state could help loss-making coalminer Mechel
slash its over $8 billion in debt by providing monopoly Russian
Railways (RZhD) with the funds to buy the rail link to the
miner's key Elga project, Industry Minister Denis Manturov said.
** The retail arm of Hong Kong billionaire Li Ka-shing's
Hutchison Whampoa Ltd said it has agreed to sell its
50 percent interest in a travel services business to
joint-venture partner Nuance Group AG for an undisclosed sum.
** French power group GDF Suez said its energy
services unit Cofely bought U.S. firm Ecova for $335 million in
a bid to expand its energy efficiency business.
** U.S. private equity firm Bain Capital said it bought
Australian fast food company Retail Zoo, owner of Boost Juice
Bars, in a deal a source said was worth about A$185 million
** Steel fabricator Marcegaglia said it is interested in
investing in troubled Italian steel producer Ilva together with
a partner but that it needs more information on the financial
situation of the company's plant.
** Cyprus's Ermes Department Stores has agreed to
dispose of its 50 percent stake in a consortuim running airport
retail outlets to Aer Rianta International for 55.7 million
euros ($75.8 million), it said on Friday.
(Compiled by Natalie Grover and Shailaja Sharma)