(Updates Tyson Foods, Lloyds Banking, Family Dollar; adds all
items below Family Dollar)
June 9 The following bids, mergers, acquisitions
and disposals were reported by 2030 GMT on Monday:
** Tyson Foods Inc won the bidding war for Hillshire
Brands Co with an all-cash offer that values the maker
of Jimmy Dean sausages at $8.55 billion and would be the biggest
deal yet for the global meat business.
** 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.
** Britain's Lloyds Banking Group has priced the
stock market listing of its TSB business at below book value,
aiming to attract investors amid a flurry of new issues and make
progress on a much-delayed, costly sale.
** 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.
** Family Dollar Stores Inc adopted a poison pill to
buy time to consider any possible deal that activist investor
Carl Icahn could push for after becoming its largest
Icahn told Reuters on Monday that the poison pill is a
"quintessential example" of attorneys "simply earning fees" and
that the move "puts a damper" on prospects for a "friendly
dialogue" with Family Dollar executives.
** Bank Muscat, the sultanate's largest lender, is
considering a sale of its brokerage unit as one of several
"strategic options" for the business, the bank said.
** Michelin & Cie agreed on Monday to buy
Brazilian digital truck-fleet management company Sascar
Participações SA for 440 million euros ($600 million) to tap
into robust growth in the South American nation's truck
** Philippine National Bank may make an aggressive
bid for state-owned United Coconut Planters Bank, as the
country's fourth-largest listed lender pursues growth through
acquisitions, its CEO said.
** Swedish management and IT consultancy firm Acando
has made a bid for IT consultancy Connecta,
sending Conncta's share price up 21 percent on Monday.
The total value of the offer is approximately 480 million
Swedish crowns ($72.4 million).
** State-owned China Mobile Ltd has agreed to buy
an 18 percent stake in Thai telecoms group True Corp
for $881 million, in Thailand's first major corporate deal since
the military coup last month.
** Private equity firm Nordic Capital said on Monday it had
agreed to buy a majority stake in Gina Tricot from the
Appelqvist family, the founders of the Swedish clothing retailer
who will retain a significant stake in the company. Nordic
Capital did not disclose the purchase price nor the size of the
** Slovenia will invite investors to submit binding bids for
the purchase of its largest telecom operator Telekom
later this week, state investment fund SOD, which is
coordinating the sale, said on Monday. Telekom has a market
capitalization of 947.6 million euros.
** British hedge fund manager Man Group said on
Monday it is buying credit-focused privately held fund of hedge
fund firm Pine Grove Asset Management, stepping up a push into
the United States. Financial terms of the deal were not
** Dubai Islamic Bank has completed the
acquisition of a 24.9 percent stake in Bank Panin Syariah
and will now seek regulatory approval to increase its
holding in the Indonesian lender to 40 percent.
** Alitalia needs a few weeks to seal a deal with Etihad
which could see the Abu Dhabi airline invest 560 million euros
in its struggling Italian peer in return for hefty job cuts,
Alitalia chief executive Gabriele del Torchio said.
** Israel's parliamentary finance committee gave approval on
Monday for the government to sell its remaining 6.03 percent
stake in Leumi, Israel's largest bank, worth about 1.2
billion shekels ($346.78 million).
** Allergan Inc shareholders have told activist
investor William Ackman, who along with Valeant Pharmaceuticals
is trying to buy the Botox maker, that they would
support a deal at $180 per share, Ackman said Monday.
** Merck & Co Inc said Monday it would buy Idenix
Pharmaceuticals Inc for $3.85 billion and plans to
combine the two companies' most promising drugs to produce a
faster, more effective cure for hepatitis C.
** Analog Devices Inc said it would buy Hittite
Microwave Corp in a deal valued at $2 billion to
strengthen its radio frequency (RF) and signal conversion chip
** GP Investments Ltd, the largest Latin
American private equity firm, said on Monday it would earn about
$260 million from the sale of its 46 percent stake in Sascar
Participações SA, a Brazilian fleet monitoring system provider.
** European private equity firm Cinven has bought
the fiber network arm of Spanish utility Gas Natural
for 510 million euros, the companies said on Monday, in Spain's
biggest private equity buyout of the year.
** Malaysian builder IJM Corporation Bhd on Monday
proposed to buy the shares in IJM Land it does not own
for 1.98 billion ringgit ($619.43 million).
** Mexican frozen food company Sigma Alimentos and Chinese
pork producer WH Group have raised their joint stake in Spanish
meat processor Campofrio to 97 percent under a tender
offer launched last month, a regulatory filing showed.
** The top investor in Banca Carige plans to sell
10.9 percent of the Italian mid-sized bank by Tuesday, a source
close to the matter said, ahead of a planned 800 million euro
share sale needed to boost the lender's capital base.
** Nigeria is seeking buyers for the assets of distressed
state-owned former telecom monopoly Nitel, the state-appointed
liquidator said on Monday.
** Aubrey McClendon's firm American Energy Partners LLP said
on Monday it plans to buy shale oil and gas assets for $4.25
billion, the former Chesapeake Energy Corp CEO's biggest
deal package yet in an aggressive bid to build a new company.
** TrailStone, a start-up commodity merchant backed by
private equity firm Riverstone Holdings LLC, has gained entry to
the North American physical oil markets with a deal to buy a
small refinery and logistics firm in the Pacific Northwest.
** Morgan Stanley is selling its controlling stake in
oil storage and transport company TransMontaigne Inc to
NGL Energy Partners LP for $200 million, essentially
ending its long run as the biggest physical oil trader on Wall
** International Game Technology, the Las
Vegas-based slot machine maker, has hired Morgan Stanley
to explore a sale as the gaming industry pursues consolidation
to combat slow growth, people familiar with the matter said on
** Spanish cooperative banking group Cajamar is in talks to
sell its property management unit to U.S. investment firms, a
source familiar with the matter said on Monday, as foreign
buyers increase their control of the country's real estate
** French telecoms group Orange has ended talks
with Vivendi's Canal+ over the pay-television operator
taking a stake in online video-sharing website Dailymotion,
newspaper Les Echos said on Monday.
** The main foundation shareholder in Italy's Banca Carige
said on Monday it had sold a 10.86 percent stake in the
mid-sized lender. In a statement, the foundation said it had
sold the stake for about 91.2 million euros.
($1 = 0.7345 Euros)
($1 = 6.6296 Swedish Kronas)
($1 = 1.0906 Canadian Dollars)
(Compiled by Shailaja Sharma and Ankit Ajmera in Bangalore)