Aug 29 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
** Canada is now formally reviewing CNOOC Ltd's
$15.1 billion takeover bid for Canadian oil firm Nexen Inc
, industry minister Christian Paradis said on Wednesday.
** Private equity firm KKR & Co LP is in talks to
invest about 100 billion yen ($1.3 billion) for control of
Japan's Renesas Electronics Corp, sources said,
offering a lifeline to the struggling chipmaker.
** ING Groep NV is exploring a separate sale of its
roughly $1 billion Hong Kong insurance business, sources said, a
move that could further complicate the auction of its Asian
** Closeout retailer Ollie's Bargain Outlet, known for its
signature catch phrase "good stuff cheap," said on Tuesday that
private equity firm CCMP Capital Advisors LLC would acquire a
stake in the company alongside current management.
Terms of the deal as well as the size of the equity stake
were not disclosed, although sources familiar with the
transaction have pegged its value at around $500 million.
** Checkers Drive-In Restaurants Inc, a drive-through
hamburger chain that could be worth more than $300 million, is
being put up for sale by its private equity owner, according to
two sources with direct knowledge of the situation.
** Injectable generic drugs maker Hospira Inc said
it plans to buy a factory and a research center from India-based
Orchid Chemicals & Pharmaceuticals Ltd ORCD.NS for $200 million.
** Syngenta AG said it would buy DuPont's
professional products insecticide business for $125 million in
cash to expand the Swiss company's range of pest-control
** Turkish airports operator TAV Havalimanlari Holding
said on Wednesday it had agreed to purchase the
remaining 35 percent of its Havas ground handling services unit
for 80 million euros ($100 mln).
** Hungary's Magyar Telekom will sell its 100
percent-owned radio network operator Pro-M Zrt. for 19.9 billion
forints ($88.9 million) at the end of August, the company said
in a statement on Wednesday.
** Creditors of insolvent German solar company Q-Cells
have approved a takeover offer by South Korean group
Hanwha, a bid that was challenged earlier this week
by Spanish firm Isofoton, a Q-Cells spokesman said on Wednesday.
** Manulife Financial Corp, Canada's largest life
insurer, said on Wednesday it acquired the mutual fund
dealership of financial planning firm Welling West Financial
Services from National Bank of Canada, the nation's No.
** Irish foods group Glanbia Plc is proposing to
sell 60 percent of its domestic dairy to its largest
shareholder, in a shift of focus towards its U.S. cheese and
international nutritionals businesses.
** Piraeus Bank is in talks to buy Societe
Generale's Greek unit Geniki, as Greece's
battered banks consolidate in an attempt to cope with the
country's debt crisis.
** Pizza delivery firm Domino's Pizza UK said it
planned to expand further into Europe, acquiring 12 Swiss stores
and an option for the Austrian franchise rights.
** Bonavista Energy Corp, a Canadian oil and gas
company, has agreed to buy a natural gas-weighted asset in
Alberta for about C$155 million ($157.3 million) to boost
production by nearly 10 percent.