March 5 The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Tuesday:
** Giant U.S. food and grain-handling companies ConAgra
Foods Inc, Cargill and CHS Inc plan
to combine their North American flour milling businesses into a
new venture that would control more than a third of U.S.
capacity, dwarfing all competitors in size and market reach.
** RWE, Germany's second-biggest utility, has put
its oil and gas exploration unit up for sale in a move that
could raise close to 5 billion euros ($6.5 billion) for its
drive to cut debt.
** The McGraw-Hill Cos Inc said the $2.5 billion
sale of its textbook business to private equity firm Apollo
Global Management LLC is now an all-cash deal. The
company will receive $150 million in cash at closing instead of
being issued $250 million of unsecured notes.
** HSBC Holdings Plc has agreed to sell two
portfolios of consumer loans in the United States for $3.2
billion in cash as part of a strategy to slim down its U.S.
** Private equity firm Electra's sale of Allflex is
attracting a lot of interest and around a dozen buyout firms are
set to bid for the livestock identification company, banking
Buyout house Electra hired Rothschild earlier this year to
explore a sale or refinancing of Allflex, which could fetch
around $1 billion.
** G4S, the world's biggest security firm, said it
would sell its high-level U.S. government business by the end of
the year after budget cuts and delays hit revenues in the
** French financial holding company Eurazeo said
it is selling its 10.2 percent stake in French vouchers and
pre-paid cards group Edenred through a private
** Allscripts Healthcare Solutions acquired health
management software and service providers dbMotion and Jardogs
LLC under a wider plan to invest about $500 million this year,
as it seeks to breathe new life into its product portfolio after
dropping plans to sell itself.
** A few buyers are left in the running for German
insulation firm Armacell after Goldman Sachs Private Equity and
Equistone dropped out of the auction process, banking sources
said. Private equity firms Charterhouse, HgCapital and Pamplona
are preparing to submit second round bids. Armacell is expected
to fetch up to 500 million euros
** Private equity firm KKR & Co LP is nearing a deal
to buy industrial machinery maker Gardner Denver Inc and
could announce the agreement in the next few days, two people
familiar with the matter said on Monday.
** China's Sinopec is looking for oil
and gas assets in North America to expand its business, its
chairman said on Tuesday.
** Fannie Mae and Freddie Mac will form
a joint venture for securitizing home loans that could end up
replacing the two government-controlled mortgage finance giants,
their regulator said on Monday.
** Malaysia's Genting Bhd said it would purchase
an unfinished resort on the Las Vegas strip from Boyd Gaming
Corp for $350 million, marking the Asian gaming group's
first push into the U.S. gambling mecca.
** U.S. oil and gas explorer Anadarko Petroleum Corp
and Indian billionaire Venugopal Dhoot have launched the auction
of a 20 percent stake in a Mozambique gas field that could fetch
$4.5 billion, sources familiar with the matter told Reuters.