(Adds Deutsche Telekom, Ziggo; updates Vivendi)
Aug 28 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** French media group Vivendi SA picked Telefonica
for exclusive talks over the sale of its Brazilian
broadband unit GVT, spurning a rival bid from Telecom Italia
. Vivendi will get 4.66 billion euros ($6.14 billion)
in cash from Telefonica.
** Deutsche Telekom AG is open to a sale of its
T-Mobile US Inc unit, if an offer values the business
at $35 per share or more, Bloomberg reported on Thursday, citing
a person familiar with the matter.
** U.S. cable TV provider Liberty Global will gain
EU antitrust approval to acquire Ziggo on condition
it sells a pay TV channel and doesn't block rivals from its
internet network, two people familiar with the matter said on
** Dollar General Corp, the No.1 U.S. deep discount
retailer, said it remained committed to acquiring rival Family
Dollar Stores Inc and that its offer was both superior
and achievable than an offer from Dollar Tree Inc.
Family Dollar rejected last week a $9 billion buyout offer
from Dollar General that, it said, could run foul of competition
law, opting instead for a smaller bid from Dollar Tree.
** Oak Hill Capital Partners LP, the private equity owner of
restaurant and arcade chain Dave & Buster's Inc, is considering
raising a smaller fund than its previous $3.8 billion flagship
buyout fund, according to people familiar with the matter.
** The Italian government is on course to sell stakes in
energy groups Enel SpA and Eni SpA and to
transfer its holding in chip maker STMicroelectronics NV
by the end of the year, a senior official said on
Thursday. The Eni stake sale could raise just under 3 billion
euros at current market prices, with 2 billion coming from the
** Britain's CSR Plc has rebuffed an approach from
Microchip Technology Inc, saying its U.S. rival would
have to pay more if it wants to bolster its role in the
"Internet of Things" with the chipmaker's radio technology.
** The state of Western Australia on Thursday said it
planned to sell government-owned assets, including part of the
Port Hedland shipping terminal, for an estimated A$1 billion to
A$2 billion ($1.9 billion) as its resource-heavy economy adjusts
to the collapse of a decade-long mining boom.
** Two Chinese firms are among companies which have
approached STATS ChipPAC Ltd about acquiring it, the
Singapore provider of technology services said on Thursday.
STATS ChipPAC, which has a market value of $1.2 billion and
is majority owned by state investor Temasek Holdings,
identified Jiangsu Changjiang Electronics Technology Co
and Tianshui Huatian Technology Co as
** Lear Corp, a maker of auto seats and electrical
power systems, said it would buy automotive leather supplier
Eagle Ottawa LLC for $850 million to strengthen its core seating
business and boost its luxury seats portfolio.
** RHB Capital Bhd, Malaysia's fourth-largest
lender by assets, is discussing the sale of its investment
banking unit if a planned merger with two rivals proceeds,
people familiar with the plan said on Thursday.
RHB Investment Bank is worth more than 2 billion Malaysian
ringgit ($636 million), according to two Kuala Lumpur-based
analysts covering RHB.
** Chinese private equity firm Hony Capital will sell a
tranche of over $500 million of shares in CSPC Pharmaceutical
Group Ltd for the second time in three months, cashing
in on the drugmaker's buoyant stock.
Hony is offering 650 million shares in fast-growing CSPC in
an indicative range of HK$6.30 to HK$6.45 each, worth up to $535
million, according to a term sheet seen by IFR, a Thomson
** Hony Capital has agreed to buy a 15 billion yuan ($246
million) stake in Shanghai Jin Jiang International Hotels
Development Co, the hotel company said on Thursday.
** Australia's largest buyout firm Pacific Equity Partners
said it had sold down its stake in newly-listed credit rating
company Veda Group Ltd, making a A$243 million ($227.42
million) profit on share gains over eight months. PEP sold the
stake for A$2.15 per share, or A$580 million.
** Canadian oil and gas company Crew Energy Inc said
it would sell its liquids-rich assets in Princess, Alberta for
C$150 million to focus on the development of its core Montney
properties in British Columbia.
** India's Adani Enterprises Ltd has agreed to pay
A$155 million ($145 million) to Linc Energy to buy out
the Australian firm's rights to future royalties from Adani's
huge but delayed Carmichael coal project, already four years
** Support services group DCC Plc on Thursday said
it had agreed to buy Esso's motorway retail network in
France, its biggest ever acquisition, for 84 million pounds
** Tiger Resources Ltd has agreed to buy out the
Democratic Republic of Congo state miner's stake in the Kipoi
copper mine for $111 million, taking full control of the mine,
the Australian company said on Thursday.
** SNS Reaal, the Dutch financial services group
nationalized last year, said international and domestic parties
had expressed interest in its insurance operations which will go
up for sale in September.
** Singapore sovereign fund GIC said on Thursday it has
invested $104 mln in Taiwanese music streaming service provider
** Intrepid Mines launched a friendly A$58.6
million ($54.7 million) all-share offer on Thursday for
Blackthorn Resources, which plans to build a copper
mine in Zambia, and announced a A$110 million share buy back.
** Energy Future Holdings, the big Texas power company that
filed for bankruptcy in April, said it will present a proposal
for auctioning the company after it scrapped an earlier plan to
exit Chapter 11 under control of unsecured
($1 = 0.76 euro)
($1 = 3.15 Malaysian ringgit)
($1 = 7.75 Hong Kong dollar)
($1 = 6.14 Chinese yuan)
($1 = 1.07 Australian dollar)
($1 = 0.60 British pounds)
(Compiled by Manya Venkatesh and Mridhula Raghavan in