Feb 13 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Wednesday:
** Turquoise Hill Resources Ltd said it would sell
its 50 percent stake in Altynalmas Gold for $300 million as the
miner looks to focus on the development of its massive Oyu
Tolgoi copper-gold project in Mongolia.
** Dutch dredger Boskalis said its target
Dockwise supported the 733 million euro
($987 million) takeover offer.
** Time Warner Inc is seeking to sell its publishing
unit Time Inc and has met with at least one serious buyer,
Fortune magazine said, citing unnamed sources.
** Four local banks have been shortlisted in the sale of
Citigroup's retail banking business in Turkey and the deal
is expected to close in late March or April, banking sources
** Coeur d'Alene Mines Corp offered to buy Orko
Silver Corp, topping a bid from First Majestic Silver
Corp and opening a race for control of one of the
world's largest undeveloped silver deposits.
** Top oil trading house Vitol plans to offer C$192 million
($192 million) for Canada-listed oil and gas group Sterling
Resources to gain a foothold in the North Sea oil and
** Austria's Immofinanz withdrew from the tender
for the real estate unit of German bank BayernLB,
saying it could get in the way of its plans to list its
** A merger between British soft drinks companies Britvic
and A.G. Barr hangs in the balance after
Britain's consumer affairs watchdog referred the deal to the
** Vodafone is considering a bid for Germany's Kabel
Deutschland to expand the UK-based mobile company's
services in Europe's biggest economy, according to a person
familiar with the matter.
** Omega Advisors, a hedge fund run by Chief Executive Leon
Cooperman, sold its stake in Apple Inc and took new
stakes in SandRidge Energy Inc and Facebook Inc in
the fourth quarter, a regulatory filing showed on Wednesday.