(Adds Shire, Telefonica, Intesa Sanpaolo, Grocery Outlet,
Dorel, Morgan Stanley, B2W Companhia, Gazprom, Federal Mogul,
Systeme U; Updates Siemens, Nuance, Star Bulk)
June 16 The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday:
** U.S. medical device maker Medtronic Inc said it
agreed to buy Dublin-based Covidien Plc for $42.9
billion and shift its executive headquarters to Ireland in the
latest move by U.S. firms to harvest lower corporate tax rates
** Drugmaker Shire has hired investment bank Citi
as an adviser, expecting to receive takeover approaches
following a wave of deals in the healthcare sector, sources
familiar with the matter told Reuters.
** SanDisk Corp is buying Fusion-io Inc for
about $1.1 billion to bulk up its flash storage business and
reduce its exposure to the volatile memory chip market.
** Germany's Siemens and Japan's Mitsubishi Heavy
Industries presented a joint offer to France's Alstom
on Monday that included 7 billion euros ($9.5 billion)
in cash, challenging a bid by General Electric Co.
** Italian lottery operator GTECH SpA said it was
in preliminary talks to buy Las Vegas-based slot machine maker
International Game Technology in a deal that could
involve a cash and paper offer.
** Pipeline operator Williams Companies Inc said it
agreed to acquire control of Access Midstream Partners LP
for $5.99 billion as the first step in merging it with
its operations, aiming to enlarge its role in the U.S. natural
** Telecommunications services company Level 3
Communications Inc said it would buy internet services
provider tw telecom Inc for $40.86 per share in a cash
and stock deal to expand its commercial fiber network in the
** Airbus Group NV and Safran SA said they
had agreed to create a 50-50 joint venture in space launchers,
combining Airbus's launch systems with Safran's propulsion
systems, to help to compete with new low-cost rivals.
** Aquila Resources Ltd and its new strategic
stakeholder Mineral Resources Ltd plan to announce a
deal, both companies said on Monday, which could thwart Chinese
steel giant Baosteel Resources' $1 billion bid for Aquila.
** Australian engineering services company UGL Ltd
confirmed the cash sale of its property arm to a consortium of
TPG Capital Management, PAG Asia Capital and Ontario
Teachers' Pension Plan for A$1.215 billion ($1.14 billion).
** French banking group BPCE is set to buy into Banca
Carige's 800 million euro cash call, which started on
Monday, to keep its 10 percent stake in the Italian mid-sized
** Investment bank Mediobanca, one of four key
owners of Telecom Italia SpA, said it had decided to
quit ahead of time a seven-year shareholder agreement to control
the Italian phone company.
** Vodafone Group Plc said it had agreed to buy an
Italian provider of electronics services to the car industry for
145 million euros as part of its strategy to connect millions of
devices such as cars and other machines.
** Danish fashion group Bestseller has agreed to buy M and M
Direct Ltd, the British online and mail order retailer, from its
private equity owners for up to 140 million pounds ($235
million), the firms said on Monday.
** Indonesia's PT Medco Energi Internasional Tbk
(MedcoEnergi) has agreed to buy a subsidiary of Toronto-listed
Chinook Energy Inc with participating interests in
eight oil and gas work areas in Tunisia.
** Taiwan Life Insurance Co Ltd said its
shareholders have scrapped an earlier agreement to be purchased
by CTBC Financial Holding Co Ltd, parent of Taiwan's
top credit card issuer.
** Pub group Mitchells & Butlers said on Monday it
acquired rival operator Orchid Group for 266 million pounds in
cash, in a deal which it expects to lead to a double digit boost
** Syngenta AG said it had agreed to buy Swedish
food, energy and agriculture group Lantmaennen's winter wheat
and oilseed rape breeding and business operations in Germany and
** Investment firm Affiliated Managers Group Inc has
reached an in-principle agreement to buy a stake in hedge fund
manager D.E. Shaw & Co LP from the estate of Lehman Brothers
Holdings Inc, the Wall Street Journal reported on Sunday.
** Lithia Motors Inc said it has agreed to buy DCH
Auto Group Inc for $362.5 million, giving the automotive
retailer a presence in the eastern United States for the first
** French drugmaker Sanofi SA said it was teaming
up with U.S. medical device maker Medtronic on
developing drug-device combinations and offering care management
services for diabetes patients. Financial terms were not
** Alcoa Inc will pull out of Jamaica within two
years and sell its mining interests to Noble Group Ltd
, Alcoa and the Jamaican government said.
** Star Bulk Carriers Corp said it would buy
Oceanbulk Shipping LLC and Oceanbulk Carriers LLC in an
all-stock deal valued at about $653 million to create the
largest U.S.-listed dry bulk shipper.
** Hillshire Brands Co said it will withdraw its
recommendation to its shareholders to vote for its acquisition
of Pinnacle Foods Inc, following Tyson Foods Inc's offer
to buy Hillshire.
** Standard Chartered said it had sold two
businesses in South Korea to Japanese lender J Trust
for $148 million as part of the London-based bank's attempt to
boost profitability and simplify its Korean business.
** Siri software maker Nuance Communications Inc
has held talks with potential buyers, including Samsung
Electronics Co and some private equity firms, for
its sale, the Wall Street Journal reported, citing people
familiar with the matter.
** Telefonica will win EU approval for its
8.6-billion-euro bid for KPN's German unit E-Plus after
agreeing to let smaller rivals in Germany piggyback on its
mobile network, two people with knowledge of the matter said.
** Italian banks Intesa Sanpaolo and Mediobanca
moved on Monday to leave the shareholder pact that
controls Telecom Italia, following insurer Generali
and making way for new investors in the phone company.
** Discount supermarket chain Grocery Outlet is exploring a
sale that is expected to value the bargain retailer at more than
$1 billion, according to people familiar with the matter.
Grocery Outlet's private-equity owner, Berkshire Partners LLC,
has hired Barclays and Goldman Sachs to run a
** Canada's Dorel Industries Inc said it would buy
Hong Kong-based Lerado Group, a maker of baby strollers and
infant car seats, for $120 million to expand in Asia.
** Morgan Stanley, an adviser to Valeant
Pharmaceuticals International Inc in its $53 billion
hostile bid for Allergan Inc, initially tried to get
hired by Allergan and in its pitch called the unsolicited bidder
a "house of cards", according to Allergan.
** B2W Companhia Digital SA, Brazil's biggest
online retailer, agreed to pay 127 million reais ($57 million)
for a division of transportation company Tegma Gestao Logistica
SA as the retailer bolsters its distribution
** State-owned firms completed a purchase of shares in
Lithuania's main gas utility and grid from Russia's Gazprom
on Monday, returning government control to gas
infrastructure privatised a decade ago.
Gazprom sold its holdings in Lietuvos Dujos and
gas transmission system operator Amber Grid in a deal
values Gazprom's combined package at 120.8 million euros.
** Federal Mogul Corp gained European Union
regulatory approval on Monday to buy U.S. conglomerate Honeywell
International Inc's friction materials business after
agreeing to sell two units in Europe.
** French food retailer Systeme U is keen to buy around 30
stores from DIA France, the loss-making division that
Spain-based discount supermarkets operator DIA DIDA.MC has put
up for sale, Systeme U's CEO said.
Carrefour and Casino have expressed an
interest in buying DIA France, a French trade ministry source
told Reuters on Monday, but no firm offers had been made for the
business, which Spanish bank Sabadell values at around 500
million euros, including debt.
($1 = 0.7345 Euros)
($1 = 1.0639 Australian Dollars)
($1 = 0.5956 British Pounds)
($1 = 2.23 Brazilian reais)
(Compiled by Amrutha Gayathri and Ankit Ajmera in Bangalore)