Dec 20 The following bids, mergers, acquisitions
and disposals were reported by 2130 GMT on Thursday:
** IntercontinentalExchange agreed an $8 billion deal to buy
New York Stock Exchange owner NYSE Euronext on Thursday,
propelling the commodities player into European financial
futures and helping it to take on arch rival CME Group.
** Norway's sovereign wealth fund has bought a
1.2-billion-euro ($1.6 billion) stake in a portfolio of
industrial real estate from warehouse owner Prologis, as
it ramps up its still small property investments.
** Shares in Illumina jumped 7 percent on Thursday,
after Swiss newspaper L'Agefi reported that Roche may have
reached an agreement to buy the U.S. gene-sequencing company.
Citing "information that appears trustworthy but could not
be verified", the paper said the two parties may have last week
agreed on a transaction price of $66 per share which would value
the company between $8.1 billion and $8.2 billion.
** Oracle Corp agreed to buy Eloqua Inc, a
maker of web-based marketing automation software that listed in
August, for about $810 million as it seeks to expand its
** Canadian grain handler Richardson International Ltd said
on Thursday it has received approval from Canada's Competition
Bureau for its C$800-million ($808 million) purchase of some
country elevators, port grain-terminal space and processing
plants from Glencore International PLC.
** William Hill, Britain's largest bookmaker,
expanded into the large Australian gambling market when it and
partner GVC Holdings agreed a 485 million pound ($789
million) deal for Sportingbet on Thursday.
** Appalachian natural gas company EQT Corp said it
will sell its distribution business to privately held Peoples
Natural Gas for about $720 million in cash to focus on its
growing production and pipeline businesses.
** French luxury group PPR is in exclusive talks
to sell its Cyrillus and Vert Baudet children's apparel brands
to investment fund Alpha, online newspaper Wansquare reported.
** General Motors and PSA Peugeot Citroen,
daunted by likely political roadblocks, scrapped plans for a
joint mid-size car programme within their nascent alliance while
adding engine cooperation.
** Spanish bank Santander said it will book gross
capital gains of 410 million euros ($543.6 million) from its
alliance with Dutch insurer Aegon aimed at
strengthening their bankassurance business in Spain.
** BNP Paribas SA, France's largest bank, agreed
to sell its Egyptian arm to Dubai lender Emirates NBD
for $500 million as French lenders divest operations in the
North African country to shore up their capital bases.
** A trio of small oil and gas companies said on Thursday
they have agreed to combine to form a mid-sized Canadian
producer, hoping a focus on light crude and monthly dividend
policy will generate more value for investors than they were
** Private equity firm Carlyle Group LP said on
Thursday it has bought nearly half of an energy-focused peer,
NGP Energy Capital Management LLC, as it seeks to capitalize on
a revolution in U.S. energy markets.
** Sumitomo Life Insurance Co said it is buying
HSBC Holding's 18 percent stake in Vietnamese
insurer Baoviet Holdings for about $340 million, the
latest Japanese acquisition in Southeast Asia.
** French cement maker Lafarge SA is in talks with
private equity and financial firms to sell a 20 to 25 percent
stake in its India unit for about $300 million, two sources with
direct knowledge of the matter told Reuters.
** Taiwanese electronics manufacturer Foxconn said on
Thursday that it had bought an 8.88 percent stake in GoPro for
$200 million, giving the U.S. camera maker a valuation of $2.25
** Italian insurer Unipol has sold its 1.07
percent stake in larger rival Assicurazioni Generali
to comply with demands by the competition watchdog, Unipol's
chief executive, Carlo Cimbri, said on Thursday.
** TeliaSonera said it would sell its Norwegian
fixed broadband unit NextGenTel to Telio Holding for
601 million Norwegian crowns ($108 million) on a cash and debt
** Belgo-Dutch medical firm Arseus bought
Colorado-based B&B Pharmaceuticals to strengthen its position in
the market for drug compounding, where pharmacists buy
ingredients and make their own versions of drugs.
** SMA Solar S92G.DE, Germany's No. 1 solar group, acquired
72.5 percent of Jiangsu Zeversolar New Energy, gaining a
foothold in the fast-growing Chinese market.
** Portugal said on Thursday it would postpone its
long-awaited privatisation of debt-laden airline TAP after
rejecting the sole bid by Colombian-Brazilian entrepreneur
German Efromovich, but it still plans to beat its asset disposal
** The European Union approved a cash injection of 1.87
billion euros ($2.48 billion) into four former Spanish savings
banks, the second phase of the overhaul of the country's banking
sector. The cash injection means two of the banks - BMN and
CEISS - will be nationalised.
** Australia's GrainCorp defended its rejection of
a sweetened $2.9 billion takeover offer by Archer Daniels
Midland, but said it remained open to higher offers and
would hold further talks with its U.S. suitor.
** Italy's state-backed financing body Cassa Depositi e
Prestiti (CDP) would invest in a new company set up to manage
Telecom Italia's fixed-line network, its head was
quoted as saying on Thursday.
** Japan's JX Holdings said it is buying stakes in
several oil and gas fields in offshore Britain in the North Sea
from Italy's Eni, a move that could help it post a
roughly five-fold jump in output from the region by end-decade.
** A major shareholder in Telenet, Belgium's
biggest broadband cable firm, has rejected a 35 euros per share
bid by Liberty Global, adding further pressure on the
U.S. cable group to raise its offer.
** Norwegian maritime classification firm Det Norske Veritas
agreed to merge with Hamburg-based Germanischer Lloyd to create
one of the sector's top players with 17,000 employees, the
** The partners in Azerbaijan's Shah Deniz II gas field are
in talks to take a stake in the Nabucco consortium that is
competing to build the first pipeline to deliver Azeri gas to
Europe, Nabucco shareholder Bulgarian Energy Holding
** Equatorial Energia will gain a controlling
stake in troubled power company Grupo Rede Energia
under an agreement between the two companies and CPFL Energia
, according to a securities filing by CPFL on
** Sanofi said its Merial unit signed an agreement
to buy the animal health business of drugmaker Dosch
Pharmaceuticals to boost its presence in the growing Indian
** U.S. oil and gas company SandRidge Energy Inc,
which is facing calls from two top investors to replace its
board and chief executive, struck a deal on Wednesday to sell
its Permian Basin properties in west Texas to privately held oil
and gas company Sheridan Production Partners for $2.6 billion.
** Display-advertising provider Focus Media Holding Ltd
said on Wednesday it had agreed to be acquired by a
consortium led by Carlyle Group LP for about $3.7 billion
in what would be the largest ever private equity deal in China.
** Google Inc agreed to sell set-top TV box maker
Motorola Home to Arris Group Inc for $2.35 billion in
cash and stock, the companies said on Wednesday.
** A hedge fund with a 4 percent stake in Caribou Coffee Co
on Wednesday urged the company to pursue a better deal
after it agreed to be sold to Germany's Benckiser group for $340
million, saying it is easily worth double that price.