(Adds Vivendi, Invensys, Knight Capital, Danfoss,
ArcelorMittal, SPX Corp, GDF Suez, Canadian Tire, Bidvest,
Nov 28 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Wednesday:
** China's state-owned CNOOC Ltd and its Canadian
takeover target Nexen Inc have withdrawn and
resubmitted an application for U.S. approval of their $15.1
billion deal, as Canada gets close to its decision on whether to
approve the transaction.
** Vivendi is examining four non-binding offers
above 6 billion euros ($7.75 billion) for its Brazilian
broadband specialist GVT, according to a person familiar with
** Private equity firms EQT and GIC will start contacting
potential buyers for Springer Science+Business Media
next week, aiming to fetch up to 4 billion euros ($5.2 billion),
two people close to the process told Reuters.
** British engineering group Invensys has sold its
rail business to Germany's Siemens for 1.74 billion
pounds ($2.8 billion), allowing it to return cash to
shareholders and reduce its pension deficit.
** Imperial Oil Ltd, Canada's second-largest
integrated oil company, said it will invest C$1.55 billion
($1.56 billion) for a 50 percent stake in Celtic Exploration Ltd
after Celtic is taken over by parent Exxon Mobil Corp
** Sony Corp has been approached by at least three
investment banks offering to sell its battery business, which
had sales last year of $1.74 billion, as the struggling Japanese
group looks to offload non-core assets and focus on reviving its
consumer electronics business, banking sources said.
** Taiwan's government will pay Transglobe Life Insurance
T$88.4 billion ($3 billion) to take over ailing rival Kuo Hua
Life after Transglobe beat out other competitors in the biggest
taxpayer-funded bailout ever by the island state.
** Grupo Financiero Banorte SAB de CV (Banorte), which runs
one of Mexico's biggest financial groups, said it has reached a
deal to buy a local pension fund owned by Spain's Banco Bilbao
Vizcaya Argentaria S.A. (BBVA) in a deal valued at $1.6 billion.
** Abu Dhabi National Energy Co (TAQA) will buy a
number of BP's North Sea assets for over $1.3 billion in
a sign relations between Britain and the Gulf emirate are on the
** Getco Holding Co proposed a $1.4 billion deal that would
see it merge into Knight Capital Group Inc, while Virtu
Financial LLC offered to buy Knight for at least $1.1 billion,
according to sources familiar with the situation on
** Healthcare firm Smith & Nephew said it would
acquire privately held U.S. firm Healthpoint for $782 million in
cash as part of its strategy to expand in the fast-growing area
of bioactive wound care.
** Danish industrial group Danfoss A/S plans to acquire the
about 24 percent stake in Sauer-Danfoss it does not
already own in a deal valued at about $580 million.
** Shanduka Group, the investment firm run by South African
politician and millionaire Cyril Ramaphosa, has paid $335
million for a stake in MTN's Nigerian business, its
biggest investment outside its home market.
** The French government has found an industrialist willing
to invest 400 million euros ($516.4 million) to renovate
ArcelorMittal's Florange steelworks in northeast
France, a minister said on Wednesday.
** MDM Engineering Group Ltd, which provides
engineering services to the mining industry, said it agreed to
be bought by Australia's Sedgman Ltd in a deal valued
at $110 million.
** Ahli Bank, Qatar's seventh-largest listed bank,
said its strategic partner, Bahrain's Ahli United Bank
, would sell nearly all of its 33 percent stake in the
** Industrial machinery maker SPX Corp is pursuing a
potential merger with rival Gardner Denver Inc,
competing with three private equity groups that are also bidding
for the company, five people familiar with the matter said.
** The French government is considering selling a 1 percent
stake in energy group GDF Suez to finance a possible
rescue of ArcelorMittal's Florange steelworks, a CFDT union
official said on Wednesday after talks with the industry
** Diversified retailer Canadian Tire Corp Ltd
said on Wednesday it agreed to buy closely held hockey retailer
Pro Hockey Life Sporting Goods Inc for C$85 million ($85
million) to expand its stand-alone sporting goods businesses.
** South Africa's Bidvest Group has offered to buy
the remaining 72 percent stake in Amalgamated Appliance Holdings
it does not already own, in a $61 million cash deal.
** Family networking and genealogy website MyHeritage said
it bought rival Geni.com as it continues to expand into the
** Siemens AG said on Wednesday it would give
80.5 percent of its lighting unit Osram to its shareholders in a
spin-off planned for the European spring.
(Compiled by Tej Sapru and Ranjita Ganesan in Bangalore)