June 9 The following bids, mergers, acquisitions
and disposals were reported by 1830 GMT on Monday:
** Tyson Foods Inc has prevailed over Pilgrim's
Pride Corp in a bidding war for Jimmy Dean sausage maker
Hillshire Brands Co.
** Credit Suisse is mulling a plan to spin off
part of its fixed income business in the United States to help
trim costs, according to a report in the Financial Times.
** Lloyds Banking Group will on Monday price the
sale of a 25 percent stake in its TSB IPO-LLTS.L business at
below its book value, according to industry sources.
** Gazit-Globe, Israel's largest real estate
investment firm, said on Sunday its wholly owned subsidiary
ProMed Properties sold five medical office buildings in the
United States and is in the final stages of selling another
** Israeli property developer Azrieli Group said
on Sunday it is in talks to sell energy company Sonol Israel to
holding company S. Shlomo Holdings.
** Saudi International Petrochemical Co (Sipchem)
has postponed merger talks with Sahara Petrochemical,
it said on Sunday, blaming the current regulatory framework for
the collapse of the tie-up.
** Microsoft Corp co-founder Bill Gates has sold
his entire stake in G4S Plc, the British security firm
trying to bounce back from a series of scandals that have hurt
its reputation and profits.
** Spanish builder Metrovacesa said it agreed to sell its 27
percent stake in French peer Gecina to a group of
investors as it unwinds a costly acquisition made during Spain's
housing boom in an effort to pay down debt.
** Hedge fund billionaire Carl Icahn became the largest
shareholder in Family Dollar Stores Inc after reporting
a 9.39 percent stake in the company on Friday.
(Compiled by Shailaja Sharma in Bangalore)