Feb 12 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Tuesday:
** Britain's GlaxoSmithKline is one of several
groups exploring a potential takeover of Ache Laboratorios
Farmaceuticos, one of Brazil's biggest drugmakers, people
familiar with the matter said.
The privately owned business is attractive to a number of
drug companies looking to increase their footprint in Latin
America and could fetch $3 billion to $4 billion, or even more
if competition is keen, they added.
** Russian energy firm Sintez Group is offering up to 1.9
billion euros ($2.5 billion) in a bid for Greek gas company
DEPA, the highest price among bidders, Russia's Kommersant
business daily reported, citing a banking source.
** British private equity firm 3i has sold plastic
equipment maker Mold-Masters to U.S. rival Milacron for 615
million pounds ($963 million) as part of its debt-reduction
** Reckitt Benckiser is paying Bristol-Myers Squibb
$482 million for the right to sell a number of
top-selling non-prescription remedies in Brazil, Mexico and
other parts of Latin America.
** Ryanair's bid to take over smaller Irish rival Aer Lingus
is to be blocked by Europe's anti-monopoly watchdog, the
low-cost giant said on Tuesday, a "political" decision it said
it would challenge in court.
** Citigroup-unit Banamex sold about half its stake in top
Mexican airline Aeromexico for about $172 million,
and the head of major milk company Lala picked up the shares,
raising his holding in the company.
** Lehman Brothers Holdings Inc has agreed to sell 237 Park
Avenue, a 21-story Midtown Manhattan office building, to RXR
Realty and Walton Street Capital LLC, the winning bidders said
on Tuesday. The purchase price is $820 million, two sources
familiar with deal said.
** A firm that owns more than 2 percent of Outdoor Channel
Holdings Inc urged the company's board to halt a
planned sale of the cable network to Leo Hindrey's InterMedia
Outdoor Holdings LLC, according to a letter provided to Reuters.
** Bumi Plc said it had agreed a deal that would
allow Indonesia's Bakrie Group to unwind its interest in the
London-listed coal miner in exchange for Bumi's stake in Asia's
biggest thermal coal exporter, PT Bumi Resources.
** The Reserve Bank of Australia said it sold its 50 percent
stake in scandal-tainted banknote firm Securency to its partner
in the operation for an initial payment of A$65 million ($66.7
** Poland's top telecoms group TPSA confirmed it
launched the sale process of its fully owned web portal Wp.pl as
part of the plan to curb the expected revenue fall.
** Argentinian businessman Eduardo Elsztain bought a 10
percent stake in Ganden Investments, the parent company of
debt-strapped Israeli conglomerate IDB Holding Corp.