Aug 2 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Friday:
** Dell Inc and Chief Executive Michael Dell
clinched a new $25 billion deal on Friday, boosting the bid and
offering a special dividend in hopes of ending months of
wrangling with opponents of the founder's proposed buyout of the
world's No. 3 PC maker.
** India's Exide Industries Ltd is in separate
talks with Canada's Manulife Financial Corp and Samsung
Life Insurance Co Ltd to sell a 26 percent stake in
its life insurance unit, two sources with direct knowledge of
the matter said.
** Private equity firm Odyssey Investment Partners LLC is
exploring a sale of TNT Crane & Rigging Inc, one of the largest
U.S. crane service providers, in a deal that could fetch more
than $800 million, three people familiar with the matter said
** New Zealander Ross McEwan was confirmed as boss of Royal
Bank of Scotland on Friday, tasked with laying the
foundations for Britain to start selling its 81 percent stake in
** The supervisory and management boards of Kabel
Deutschland have formally recommended a 7.7 billion
euro ($10.2 billion) bid from Vodafone Group Plc, they
said in a statement.
** Gavilon, which earlier this year sold its grain-trading
business, has retained Barclays to help it find a buyer
for its remaining energy business in a deal that could fetch
around $1 billion, according to two people familiar with the
** Vodafone Group Plc may be forced to sell its 4.4
percent stake in India's top telecom services provider Bharti
Airtel Ltd - worth about $1 billion - after rules
published on Friday outlawed crossholdings in rival telecom
** Rogers Communications, Canada's largest
wireless phone company, has crafted a plan to gain control of
two struggling rivals to impede any move by U.S. giant Verizon
Communications Inc into Canada, an industry source has
confirmed to Reuters.
** French cheesemaker Lactalis, which controls dairy group
Parmalat, on Friday denied media reports that it was
preparing to buy out the Italian firm. A report in Britain's
Daily Mail on Thursday suggested that Lactalis, owned by the
Bernier family, was bidding for minority shares to increase the
stake it holds in the group in a deal valued at more than 5
billion euros ($6.64 billion).
** China's Sinopec Corp and U.S.-listed Weatherford
International Ltd are in advanced talks about forming a
joint oilfield service company, as the world's top energy
consumer seeks overseas expertise to help unlock its vast shale
resources, said people with direct knowledge of the matter.
** Czech power utility CEZ said the European
Commission has cleared the sale of its Chvaletice coal-fuelled
power plant to privately held Litvinovska Uhelna.
** Britain's Lloyds Banking Group Plc is preparing
to exit the Australian market, seeking to sell a leasing unit
with a book value of $3.6 billion and a $625 million
institutional loan portfolio, three sources familiar with the
** Minority shareholders in mining group Kazakhmys Plc
, the largest single investor in ENRC, voted in
favor of a $4.6 billion buyout of its troubled rival, paving the
way for the group's founders to take it private.
** German utility RWE will sell its 50 percent
stake in U.S. liquefied natural gas (LNG) company Excelerate
Energy to the co-owner, George Kaiser, the company said on
** Cox Communications Inc has held talks about
merging with cable provider and rival Charter Communications Inc
, Bloomberg cited two people with knowledge of the
matter as saying on Friday.
** Three minority shareholders of Fisher Communications Inc
said a $373 million takeover bid by Sinclair Broadcast
Group Inc undervalues the TV broadcaster and are
looking to activist investor Mario Gabelli to derail the offer.
** Terra Firma Capital Partners, the buyout group
run by dealmaker Guy Hands, is close to agreeing a deal to sell
its Northern Irish gas distribution company Phoenix Energy
Holdings Group to Hastings Funds Management, Bloomberg reported.
** British engineering company Smiths Group said it
had terminated discussions over a sale of its medical division
after it failed to agree terms with the bidder, which a source
previously named as U.S. healthcare group CareFusion.
** Intesa Sanpaolo CEO Enrico Cucchiani said on
Friday there could be a wave of recapitalisations and
consolidation in the European banking industry after an upcoming
asset-quality review and stress tests by European regulators.