(Adds American Airlines, Schneider Electric, Hutchison Whampoa,
Brookstone, Americana; updates Deoleo)
April 3 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
** European Union regulators have halted their review of
Hutchison Whampoa's $1 billion bid for Telefonica's
02 Ireland as they wait for new details of Hutchison's
concessions, the EU antitrust chief said on Thursday.
** French electrical gear maker Schneider Electric
said it was in exclusive talks with private equity groups The
Carlyle Group and PAI Partners to sell its sensors
business in a deal based on an enterprise value of $900 million.
** Commerzbank subsidiary mBank, Poland's
fourth largest bank, is to seek a partner for its insurance arm,
launching a process that could include an eventual sale of the
business, it said on Thursday.
** American Airlines Group said on Thursday that US
Airways will join its venture with British Airways,
Iberia and Finnair that operates flights between the United
States and Europe. The addition of US Airways will add 28 routes
to the joint business.
** Retailer Brookstone Inc said it would be
bought by the owner of Spencer's retail chain for about $147
million as part of a prepackaged bankruptcy plan.
** Kuwait's billionaire al-Kharafi family is looking to sell
Americana, one of the Middle East's largest food companies, and
has hired bankers to explore a deal, four sources familiar with
the matter told Reuters.
** A number of foreign funds are vying to take over Spain's
Deoleo, the world's top olive oil bottler with brands
like Carbonell, a source close to the deal said on Thursday, in
a deal that has become highly politicised.
** Kingfisher, Europe's No. 1 home improvement
retailer, has launched a 275-million-euro ($378.62 million)
takeover bid for France's Mr Bricolage, moving to
strengthen its position in its most profitable market.
** Buyout firm Freeman Spogli & Co and Bahrain-based
investment company Investcorp have agreed to acquire
Totes Isotoner Corp, the world's largest marketer of umbrellas,
gloves and rainwear, people familiar with the matter said on
** London-listed oil company Genel Energy and a
joint venture partner have agreed to buy 15 percent stakes in
two exploratory licenses offshore Angola for $281 million, its
first acquisition in Angola.
** Investment Corp of Dubai (ICD), the emirate's sovereign
wealth fund, has bought a stake in global hotel management firm
Kerzner International from investors including the
family of South African casino tycoon Sol Kerzner.
** French media and telecoms group Vivendi has
rebuffed a new attempt by minority shareholders to get access to
documents relating to its sale of French mobile operator SFR as
the two rival bidders eye potential last minute changes to their
** South African insurer Liberty Holdings is
selling some hotel assets to its joint venture with Tsogo Sun
for 762 million rand ($72 million) and will use the
proceeds to fund other property acquisitions, it said on
** Blackstone Group and Carlyle Group are considering a bid
for Singapore's Goodpack Ltd, people familiar with the matter
told Reuters, eyeing the container maker a few weeks after its
takeover talks with Australian pallet maker Brambles ended.
** U.S.-based PR software and services firm Meltwater
announced an 895 million Swedish crown ($138 million) cash bid
for Swedish peer Cision on Thursday, topping an offer
by private equity-controlled Blue Canyon Holdings.
** Jack Ma, the founder of China's Alibaba Group Holding Ltd
IPO-ALIB.N, the world's biggest e-commerce firm, will pay 3.3
billion yuan ($531.78 million) to take a controlling share of
financial software firm Hundsun Technologies Inc.
** Plug Power Inc said it bought fuel-cell stack
maker ReliOn Inc for about $4 million in an all-stock deal, as
the company looks to diversify its supplier base.
** The Indonesian government is prepared to sell Bank
Mutiara Tbk for less than the 2008 bailout cost to
ensure it meets its year-end deadline, the head of the state
deposit agency said on Thursday.
** Austria plans to sell its 51 percent stake in utility
Verbund to the government's state holding company, a
magazine reported, in what could be a first step to
** Sun Hung Kai & Co Ltd has appointed three banks
to underwrite the sale of its consumer finance division, people
familiar with the matter told Reuters on Thursday.
($1 = 6.21 Chinese Yuan)
($1 = 6.481 Swedish Crowns)
($1 = 0.73 Euros)
($1 = 10.61 South African Rand)
(Compiled by Neha Dimri and Rohit T.K. in Bangalore)