(Adds Baxter, General Electric, Coca-Cola, William Hill,
Turkish Airlines, Verizon, and others)
Dec 4 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Tuesday:
** Sprint Nextel Corp is unlikely to make a counter
offer for MetroPCS Communications Inc, as the
third-largest U.S. wireless company focuses on closing its
agreed $20.1 billion deal with Japan's Softbank Corp,
three people familiar with the matter said on Monday.
** Baxter International Inc said on Tuesday that it
would buy privately held Swedish dialysis product company Gambro
AB for about $4 billion, a tie up that would put it in the No. 2
position in the dialysis market.
** Spanish infrastructure firm Abertis and Canadian
fund Brookfield said they will launch a non-premium bid
for the remaining 40 percent of OHL Brasil in coming
Abertis and Brookfield finalised the purchase of 60 percent
of OHL Brasil from its Spanish owner OHL on Tuesday in
a deal worth 2.5 billion euros ($3.3 billion).
** Thai Life Insurance Co Ltd may sell a stake of at least
20 percent, sources familiar with the matter said, in a deal
that could value the country's No. 2 life insurer at about $2.5
billion and mark the third auction in the domestic sector within
a year amid a huge wave of Thai M&A.
** Dutch retail property owner Corio NV plans to
sell 1.4 billion euros ($1.8 billion) worth of assets in the
next three to four years and may lower its dividends to reflect
its smaller scale.
** U.S. group General Electric wants to sell its
Swiss consumer lending business and UBS is a possible
bidder in a deal that could be worth up to 1.5 billion Swiss
francs ($1.6 billion), sources said.
** Coca-Cola Co is taking an ownership stake in the
maker of the Core Power protein drink as the world's largest
soft drink company increases its bet on milk-based beverages.
** Britain's biggest bookmaker William Hill and
partner GVC provisionally agreed a deal to buy
Sportingbet, cutting the proposed price after the online
gaming firm's revenues slipped.
William Hill said it had agreed a cash-and-shares proposal
worth 56.1 pence per Sportingbet share, valuing the company at
around 485 million pounds ($781 million).
** Turkish Airlines Chief Executive Temel Kotil
said on Tuesday talks with Lufthansa about closer ties
had been positive and that although there were no concrete
developments so far an announcement could be made early next
** Verizon Communications, majority owner of the
biggest U.S. mobile service, is not interested in buying
spectrum from Dish Network and does not plan to make
big acquisitions, its top executive said on
** Two potential buyers submitted offers for Italian
television broadcaster Telecom Italia Media on Tuesday
after majority owner Telecom Italia extended the
deadline on bidding for its 77 percent stake.
** Activist investor Carl Icahn on Tuesday abandoned his
effort to acquire control of U.S. truck and military vehicle
maker Oshkosh Corp after shareholders tendered fewer
shares than he had hoped for.
** An acquisition of Vivendi unit Maroc Telecom by
France Telecom could be "strategically interesting,"
the French telecom operator's chief executive told daily Le
** Canadian Pacific Railway said on Tuesday it was
exploring options and partnerships for the western part of its
Dakota, Minnesota & Eastern Railroad, in a further retreat from
the costly 2007 acquisition.
** Germany's biggest energy group E.ON AG pushed
ahead with its foreign expansion on Monday, agreeing to take
over a stake in Turkish energy firm Enerjisa form Austrian
hydropower company Verbund.
The assets involved in Verbund's business swap with E.ON in
Turkey, Germany and Austria are worth 1.5 billion euros ($1.96
billion) and Verbund will get a cash component of around 300
million euros, Verbund Chief Executive Wolfgang Anzengruber told
reporters on Tuesday.
** Yahoo Inc said it acquired a five-person video
chat company on Tuesday, the second deal by new Chief Executive
Marissa Mayer to bolster Yahoo's mobile capabilities.
** Turkey's privatisation board said on Tuesday it had
received ten bids for the Gediz power distribution grid tender,
covering the western cities of Izmir and Manisa.
** Pallinghurst Resources says South Africa's
Industrial Development Corporation was taking a 16.2 percent
stake in its newly formed Sedibelo Platinum Mines for 3.24
billion rand ($365.98 million).
** British retail billionaire Philip Green is in advanced
talks with a U.S. private equity firm over the sale of a 25
percent stake in high street chain Topshop and Topman, a source
familiar with the matter told Reuters.
** The owners of German public sector insurer Provinzial
Nordwest will decide very soon if and how the unit will be put
up for sale, one of owners, the Westfalen-Lippe savings bank
association, said on Tuesday.
** IAC/InterActiveCorp, a U.S.-based holding
company for search, dating and media websites, said on Tuesday
it had no plans to bid for UK-listed online dating firm Cupid
** EMC Corp, the world's leading maker of corporate
data storage equipment, and its publicly-traded subsidiary,
software maker VMware Inc, are planning to merge their
data analytics and cloud application assets, EMC said on its
** Indonesia's biggest listed oil company, PT Medco Energi
Internasional, has bought a stake of 21.25 percent in
a Yemen oil and gas block for $90 million though its subsidiary
Medco Yemen, the company told the Jakarta stock exchange.
** Indian real estate fund Indiareit Fund Advisors, a unit
of drugmaker Piramal Enterprises, said it raised 4.4
billion rupees ($80.48 million) by selling three of its
investments and expects to raise another $120 million through
more exits in the near future.
** News Corp is expected to announce as early as
this week that it will buy SportsTime Ohio, a TV channel owned
by the Cleveland Indians baseball team, for around $230 million,
sources told Reuters, marking its second acquisition of a
regional sports channel since late last month.
** Qualcomm Inc will invest as much as $120 million
in Sharp Corp, a cash injection likely to make it the
struggling Japanese TV maker's biggest shareholder, and to boost
Sharp's efforts to remain viable.
** South Africa's Afgri says it will merge its
retail business with the agriculture retail operations of Senwes
through the payment of 93.7 million rand ($10.58 million) into
the new company.
** South Korean steelmaker POSCO has secured
exclusive negotiating rights to acquire a stake in a Canadian
iron ore mine operator controlled by ArcelorMittal, a
source who has knowledge of the matter said on Tuesday.
** Franco-Belgian financial group Dexia SA has
started exclusive talks with Hong Kong-based GCS Capital over
the sale of its Dexia Asset Management unit, one of the final
disposals it has to make.
** Cerberus Capital Management LP is in talks to join Virtu
Financial LLC's bid for U.S. brokerage Knight Capital Group Inc
, the Wall Street Journal reported, citing people
familiar with the discussions.
** France Telecom is not interested in selling its
stake in Belgian mobile operator Mobistar and will
not buy out the rest of the company in which it has a majority
stake, its chief executive told Belgian dailies De Tijd and
** Iranian group Tadbir Energy will submit a bid for the
Petit-Couronne oil refinery from insolvent owner Petroplus at a
court hearing on Tuesday, French daily Le Figaro said, without
citing its sources.
($1 = 82.2850 Japanese yen)
($1 = 0.7650 euros)
($1 = 54.6750 Indian rupees)
(Compiled by Vishal Krishnan Menon and Mridhula Raghavan in