(Adds Shire, Banco Popular, Nibe, SNC Lavalin Group)
June 23 The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT on Monday:
** Shire Plc flagged the promise of existing and new
drugs on Monday as evidence that AbbVie's $46 billion
offer undervalued the company, the latest British firm to be
targeted by a U.S. group seeking lower taxes.
** Allergan Inc advised investors not to sell their
shares to Valeant Pharmaceuticals International
which launched a hostile takeover offer for the California-based
Botox maker last week, saying it was "grossly inadequate."
** Oracle Corp said it would buy Micros Systems
in a $5.3 billion deal to expand its offerings for the
hospitality and retail industries. The offer of $68 per share
represents a premium of 3.4 percent to Micros' Friday close.
** Canada's SNC-Lavalin Group Inc will buy
resource-sector engineering group Kentz Corp in a 1.16
billion pound ($2 billion) deal that SNC said on Monday would
accelerate its turnaround plan, including the sale of non-core
** Harbinger Group Inc, the holding company for
Spectrum Brands, said it had offered to buy retailer
Central Garden & Pet Co for $10 per share, or acquire
its pet business for $750 million.
** Spain's Banco Popular has agreed to buy Citi's
retail banking and credit card business in Spain, a sign
that foreign banks are retreating from the country's financial
services market in the wake of the financial
** Swedish heat pump manufacturer Nibe said on
Monday it had made a recommended bid worth 2.4 billion Swedish
crowns ($356 million) for Toronto-listed Waterfurnace.
** In a fresh twist to the battle for Club Mediterranee
, Italian tycoon Andrea Bonomi is challenging a
regulator's decision to set an end-June deadline for one of his
funds to make a rival bid for the resort operator, or be banned
for six months from doing so.
** Wisconsin Energy Corp said it would buy Integrys
Energy Group Inc for $5.71 billion to create a larger,
more diverse Midwest electric and natural gas delivery company.
** Augusta Resource Corp said it agreed to be
bought by HudBay Minerals Inc after the company
raised its offer to buy Augusta shares it does not already
** Canadian engineering and construction company SNC-Lavalin
Group Inc said it would acquire British energy services
provider Kentz Corp for about 1.164 billion pounds
($1.98 billion) in cash to expand its offerings in the oil and
** Philippine lender Rizal Commercial Banking Corp (RCBC)
is studying option to sell a stake to raise capital to
comply with regulations and support the bank's growth plans, its
chief executive said late on Monday.
** Bulgaria will nationalize Corporate Commercial Bank
(Corpbank) by July 21 if shareholders fail to provide
the country's fourth-largest lender with the funding it needs
after a run on deposits, the finance minister said.
** France won an option to buy 20 percent of Alstom
from conglomerate Bouygues on Sunday, in an
eleventh-hour deal clearing the way for the agreed sale of most
of Alstom's energy business to General Electric.
** Spain's Santander is buying GE Money Bank, GE
Capital's consumer finance business in Sweden, Norway and
Denmark, for 700 million euros ($950 million) in its latest move
to diversify away from its struggling domestic market.
** Bilfinger said 99 percent of shareholders in
GVA Grimley Holdings had accepted its purchase offer, paving the
way for the German engineering and services company to
completely acquire the privately owned UK real estate group.
** South Africa's Alexander Forbes confirmed it intended to
float unlisted shares on the Johannesburg bourse and that a unit
of Marsh & McLennan would become a strategic investor
with 34 percent stake after the listing.
** Japanese financial company Orix Corp said it
plans to buy a majority stake in automobile prototype maker Arrk
Corp from a government-sponsored fund, its latest in a
string of acquisitions.
** BMW said it had extended its joint venture with
Brilliance China Automotive Holdings until 2028, a
move which analysts say would help both companies continue
expanding in the world's largest car market.
** Qatari property developer Barwa Real Estate
said it was selling its 95 percent stake in Barwa Commercial
Avenue Co to the property arm of the country's sovereign wealth
fund for 9.0 billion riyals ($2.5 billion).
** Larsen & Toubro Ltd, India's biggest
engineering and construction company, said a unit of Canada
Pension Plan Investment Board had agreed to invest an initial 10
billion rupees ($168 million) in its infrastructure development
** South Korea will split the sale of its 57 percent stake
in Woori Bank, the country's second-largest bank,
into two tranches, with the largest portion - an offering of 30
percent - seen worth roughly $3 billion. Woori Bank is the crown
jewel in Woori Finance Holdings, accounting for 70
percent of its assets.
** The founder of Lululemon Athletica has turned to
Goldman Sachs as he seeks a shake-up of the yoga retailer's
board of directors and may consider options including a proxy
fight or joining a private equity firm in a buyout, the Wall
Street Journal reported on Sunday.
** Britain's biggest sporting goods retailer Sports Direct
has signed a deal to take over a British gym and is in
talks to buy more, marking its entrance into the health and
** Brazilian real estate developer JHSF Participacoes SA
agreed to buy the 13 restaurants operated by Sao
Paulo-based Grupo Fasano and the rights to the Fasano luxury
brand name, the Folha de S. Paulo daily newspaper reported on
** Dropcam, the home-monitoring camera startup, will be
bought by Google Inc's Nest Labs for about $555
million in cash, technology blog Re/code reported on Friday,
taking another step deeper into consumers' homes.
** Bank of Nova Scotia said on Friday it
has agreed to purchase a 51 percent majority stake in Latin
American retailer Cencosud's retail credit card
business in Chile for $280 million.
** Barclays Plc has launched a long-anticipated
sale process for its Index, Portfolio and Risk Solutions (IPRS)
business, which could yield around $400 million for the UK bank,
according to people familiar with the matter.
** Box Inc, the online storage startup that filed to go
public several months ago, is in discussions to secure a round
of financing from private equity firm TPG, the Wall
Street Journal cited people familiar with the talks as saying.
($1 = 2.23 Brazilian reais)
($1 = 0.74 euros)
($1 = 43.86 Philippine pesos)
($1 = 102.05 Japanese yen)
($1 = 1017.80 South Korean won)
($1 = 59.70 Indian rupees)
($1 = 3.64 Qatar riyals)
($1 = 1.09 Canadian dollars)
($1 = 0.59 British pounds)
($1 = 6.74 Swedish kronor)
(Compiled by Shailaja Sharma and Ramkumar Iyer in Bangalore)