(Adds Hewlett-Packard, Dorel Industries, KKR, GSW Immobilien)
Aug 22 The following bids, mergers, acquisitions
and disposals were reported by 8.00 p.m. GMT on Thursday:
** Hewlett-Packard Co is back in the market for
acquisitions of up to $1.5 billion, Chief Executive Meg Whitman
said in a televised interview on Thursday, aiming for smaller
deals after a flurry of outsized purchases in past years.
** KKR and Permira are looking to wind
down their stake in German commercial broadcaster ProSiebenSat.1
after failing to find a buyer for all the shares,
three people familiar with the matter told Reuters.
** German residential landlord GSW Immobilien has
hired three investment banks to advise it on a 1.8 billion euro
($2.4 billion) takeover offer from rival Deutsche Wohnen
, two people familiar with the matter told Reuters on
** SunEdison Inc said it would spin off its
semiconductor business in an initial public offering and use the
proceeds to build solar farms.
** Shares in Commerzbank jumped 6 percent on
Thursday after a news report that the German government might be
willing to sell its 17 percent stake in the country's second
biggest bank to another European lender.
** Canada's Dorel Industries Inc, said it would
buy a 70 percent stake in Brazil's largest bicycle company,
Caloi, helping the maker of Cannondale and Schwinn range of
bicycles to expand in the South American country.
** Italian dairy group Parmalat SpA may buy a stake
in bankrupt Brazilian dairy conglomerate Lacteos Brasil SA LBR,
one of LBR's main shareholders said on Thursday.
** Turkish industrial group Yildirim Holding has expressed
an interest in investing in Romanian state-owned copper miner
Cupru Min and insolvent petrochemicals plant Oltchim, the
Bucharest economy ministry said on Thursday.
** Indonesia's state oil firm Pertamina is set to
buy a stake in Iraq's giant West Qurna oilfield from Exxon Mobil
, joining PetroChina in the $50 billion project, industry
and Iraqi oil sources said.
** France's Bettencourt family said it had no plans to sell
its stake in L'Oreal amid rekindled interest in the
shareholding structure of the world's largest cosmetics group.
The family owns 30.50 percent of L'Oreal's capital while Nestle
, the world's biggest food group, has 29.50 percent.
** Bailed-out German bank NordLB will be allowed
to pay coupons to hybrid investors on the condition that it
sells additional assets and accepts a longer acquisition ban, EU
state aid regulators said.
** Accounting and business services provider Baker Tilly UK
Holdings Ltd bought rival RSM Tenon Group PLC after the
latter was forced to appoint administrators.
** Onyx Pharmaceuticals Inc has given potential
buyers, including Amgen Inc, access to trial data on
its new cancer drug, removing a key hurdle that was holding up
deal talks, according to three people familiar with the matter.
** Australia's Fortescue Metals Group said it has
scrapped a September deadline for selling a stake in its port
and rail business, spurning offers it has received so
** Shares in Italian defence group Finmeccanica
rose 7 percent on Thursday on a report that South Korea's Doosan
Heavy Industries & Construction was planning to
raise money to buy a majority stake in energy unit Ansaldo
** Barrick Gold Corp, the world's largest gold
producer, said it has agreed to sell three of its high-cost gold
mines in Australia to Gold Fields Ltd for $300 million.
** Thailand has approved a bid by Japan's Mitsubishi UFJ
Financial Group to buy a 75 percent stake in Thailand's
Bank of Ayudhya Pcl, Finance Minister Kittirat Na
(Compiled by Maria Ajit Thomas and Lehar Maan in Bangalore)