(Adds Otsuka, OGX, Broadcom, Praktiker; updates Finmeccanica)
Sept 4 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Wednesday:
** Italy's Finmeccanica has reached a preliminary
agreement to sell a majority stake in power unit Ansaldo Energia
to South Korea's Doosan Heavy Industries, a source
with direct knowledge of the situation told Reuters.
The draft deal places an enterprise value of between 1.2
billion euros and 1.4 billion euros ($1.8 billion) on the whole
of Ansaldo Energia, which produces gas turbines and employs
about 3,000 people in Italy.
** Japanese drugmaker Otsuka Holdings Co will buy
Astex Pharmaceuticals Inc for about 90 billion yen
($900 million) to tap the cancer drugs the U.S. company is
developing, the Nikkei said. (link.reuters.com/hed82v)
** Brazilian tycoon Eike Batista trimmed his controlling
stake in OGX Petróleo e Gás Participações SA to about
52 percent after five sales of stock in the last week, according
to the oil company and Thomson Reuters data.
** Medical device company C. R. Bard Inc said it
would buy Rochester Medical Inc, which makes products
for urinary retention and incontinence, for about $262 million
to boost its presence in the urology homecare market.
** Mobile chipmaker Broadcom said it is buying
Japanese chipmaker Renesas Electronics' LTE-related
assets for $164 million to speed up its launch of
next-generation communications technology.
** Insolvent German home improvement store chain Praktiker
, a household name in Europe's biggest economy, will be
dismantled and sold off piecemeal after its administrator failed
to find a buyer for its remaining 130 outlets.
** KKR and Permira, the controlling owners
of ProSiebenSat.1, have sold a quarter of their stake
in the German free-to-air broadcaster at 30.67 euros ($40)
apiece, a person familiar with the transaction said.
** French biotech firm BioMerieux will buy
privately owned U.S. rival BioFire Diagnostics for $450 million,
in a deal aimed at consolidating its position as a major player
in infectious disease diagnostics.
** India's Future Ventures is in talks to sell its
65 percent stake in entertainment and education company ACK
Media for about $25-$29 million, two sources with direct
knowledge of the matter told Reuters.
** Italian oil and gas group Eni could sell another
10 percent of its stake in its Mozambique gas field, the
Financial Times said on Wednesday, citing the group's chief
executive Paolo Scaroni.
** Affin Holdings Bhd, Malaysia's seventh-largest
lender by assets, said it won the final round of bidding for the
right to buy Hwang-DBS Malaysia Bhd's key businesses,
beating rival AMMB Holdings Bhd.
** Britain's Ladbrokes Plc has entered the
Australian market by buying the owner of online bookmaker
Bookmaker.com.au and sports marketing firm Panda Gaming.
Ladbrokes said it agreed to pay an initial A$22.5 million,
or about 13 million pounds ($20.2 million), for Gaming
Investments, giving it a low cost entry into the regulated and
growing Australian sports betting market.
** Japan's biggest trading house Mitsubishi Corp
said its coal joint venture with BHP Billiton, BHP
Billiton Mitsubishi Alliance (BMA), has opened the Daunia
metallurgical coal mine in Queensland, Australia.
** News Corp said it sold its Dow Jones Local Media
Group, which includes eight daily and 15 weekly newspapers, to a
unit of Fortress Investment Group LLC. Financial terms of the
deal were not disclosed.
(Compiled by Sneha Banerjee and Rohit T.K. in Bangalore)