Feb 21 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Thursday:
** U.S. oil and gas producer Linn Energy LLC will
buy Berry Petroleum Co for $2.5 billion in stock,
raising its output by about a third and boosting its oil
reserves in Texas, California, Colorado and Utah.
** Business software maker Compuware Corp, which
has rejected a $2.3 billion bid by an activist investor, is
exploring a sale and talking to buyout firms to gauge takeover
interest, four people familiar with the matter said.
** Abu Dhabi's Aldar Properties and Sorouh Real
Estate, which have agreed to merge operations and
create a business with assets worth $13 billion, failed to meet
the necessary quorum for a crucial merger vote.
** Ferrovial is to buy British utility services
company Enterprise Plc for 385 million pounds ($589 million)
from 3i Group, the Spanish infrastructure group's first
major purchase after a long debt-cutting drive.
** Brazil's state-led oil company Petroleo Brasileiro SA
is in advanced talks to sell stakes in its refineries
and other assets in Argentina for $400 million to Argentine
company Oil Combustibles, a source close to Petrobras said on
** MGM Resorts International Chairman Jim Murren
said he has been approached by potential buyers for the Crystals
luxury mall in its $8.5 billion Las Vegas CityCenter joint
** LVMH, the world's biggest luxury group,
unveiled its first acquisition in fashion in four years on
Thursday when it took a minority stake in young French fashion
brand Maxime Simoens for an undisclosed sum.
** Private equity firm Forstmann Little & Company has
decided to put its sports and modeling talent agency IMG up for
sale and is in the process of picking an investment bank to lead
the effort, three people familiar with the matter said.
** A decision by the U.K. Takeover Panel to approve the sale
by billionaire Mikhail Prokhorov of his 38 percent stake in
Russian gold miner Polyus Gold is expected imminently,
three sources with knowledge of the proposed deal said.
** Australia's Alumina Ltd on Thursday said it was
unlikely to bid for Rio Tinto' Pacific Aluminium
business, but did not rule out that its new Chinese shareholder,
state-owned CITIC Group, might be interested.
** Poland's top lender PKO BP would be interested
in buying rival Bank Millennium, a unit of Portugal's
Millennium bcp, PKO's chief was quoted as saying.
** The New York Times Co is putting The Boston Globe
on the auction block for a second time as it seeks to focuses
solely on growing its flagship newspaper, the company said on
** Italian tractor and truck maker Fiat Industrial
said its board had approved final terms of a planned merger with
its 88 percent-owned CNH unit.
** French luxury retail group Galeries Lafayette plans to
make a counter offer for rival department store group Le
Printemps, its CEO told French daily Le Figaro. Printemps is 70
percent owned by Deutsche Bank real estate investment
unit RREEF and 30 percent by the Borletti Group, headed by