(Adds Berkshire Partners, Nexter, Allergan, Club Mediterranee,
and others; updates Kindred)
July 1 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Tuesday:
** AirAsia Bhd said on Tuesday it would set up a
low-cost airline with Japan's biggest online retailer Rakuten
Inc and other firms, marking the budget carrier's
second attempt to tap one of Asia's lucrative air travel
** Singapore's Frasers Centrepoint Ltd, a company
backed by Thai billionaire Charoen Sirivadhanabhakdi, has
reached a deal to buy Australia's Australand Property Group
for about A$2.6 billion ($2.46 billion).
** Buyout firm Berkshire Partners LLC is in advanced talks
to acquire Portillo's Restaurant Group, the largest privately
owned restaurant chain in the U.S. Midwest, for close to $1
billion, according to people familiar with the matter. Berkshire
Partners has outbid other private equity firms for the
Chicago-based restaurant group, the sources said on
** French arms maker Nexter and Germany's Krauss-Maffei
Wegmann (KMW) have entered exclusive talks to create a tie-up
that would rank as Europe's largest maker of ground armaments
such as tanks, to better cope with military budget cuts. The two
companies said the planned merger, which would see their owners
each take a 50 percent stake in the combined group, would allow
them to preserve jobs in the European Union.
** Allergan Inc may take on debt to buy back its own
shares as part of a multi-faceted plan to thwart a $53 billion
takeover bid by Valeant Pharmaceuticals International Inc
and activist investor William Ackman.
** Private-equity firms KKR & Co LP and TPG Capital
are among the groups looking to buy a majority stake in
food retailer Kuwait Food Co SAK, better known as
Americana, Bloomberg reported, citing people familiar with the
** Kindred Healthcare Inc pushed on with its hostile
bid for Gentiva Health Services Inc, urging
shareholders to ignore the home healthcare provider's board and
vote for its $1.7 billion offer by July 16. Gentiva rejected
Kindred's raised offer of $14.50 per share on Monday, saying it
significantly undervalued the company.
** Amherst Securities Group LP and Pierpont Securities LLC
are set to merge in a deal aimed at creating a bigger player in
underwriting and trading mortgage-related securities, businesses
that some larger banks have retreated from in recent years, the
Wall Street Journal reported. (on.wsj.com/1sTeF0K)
** France's Klepierre said its 56.1 percent owned
Steen and Strom unit sold five shopping centers in Sweden for
354 million euros ($483 million) to Norwegian private property
owner Olav Thon Group.
** French resort operator Club Mediterranee said
on Tuesday its board would review the latest takeover offer from
top shareholder Andrea Bonomi and had extended the mandate of
financial advisor Rothschild & Cie.
** Italy's Banca Monte dei Paschi di Siena does
not intend to pursue tie-ups after completing its 5 billion euro
($6.8 billion) rights issue, its CEO said in a newspaper
interview published on Tuesday.
** Privately held senior care center operator CareOne LLC
said on Monday it was working with an investment bank to explore
a sale of its real estate assets in an auction that people
familiar with the matter said could fetch as much as $2 billion.
** HeidelbergCement aims to offload its U.S. and
British building products business this year to have the best
chance of buying cement assets that Lafarge and Holcim
must sell when they merge, said a source with
knowledge of the company's plan.
** Online money transfer company Optimal Payments Plc
said it would buy two U.S.-based online payments firms
for $225 million to expand its operations in North America.
** Germany's Fresenius has sold a 5 percent stake
in German hospitals chain Rhoen-Klinikum for 23.20
euros per share, a person familiar with the transaction said on
** Bankrupt wireless venture LightSquared revealed on
Tuesday a new restructuring proposal that would cede 74 percent
of its equity to a new investor group that includes JPMorgan
Chase & Co, Cerberus Capital Management, and Fortress
** Greek telecoms company OTE said on Tuesday it
had submitted a non-binding offer of 250 million to 300 million
euros to acquire rival Forthnet's pay TV operations.
** Troubled Polish construction group Polimex sold
its railway-building unit Torpol in an initial public offering
that valued the business at 184 million zlotys ($60.5 million).
** Kenyan diversified financial services company British
American (Britam) said on Tuesday it planned to buy a
24.75 percent stake in mortgage provider Housing Finance
that is held by Equity Bank.
** Dutch financial services company ING Group NV
said on Tuesday it had increased by 10 percent to 77 million the
number of ordinary shares it would list in its insurance arm, NN
Group, due to "significant" investor demand.
** Medical device maker Cooper Cos Inc said on
Monday it would buy European contact lens-maker Sauflon
Pharmaceuticals Ltd for $1.2 billion.
** Hormel Foods Corp said it would buy CytoSport
Holdings Inc for about $450 million, to add Muscle Milk sports
nutrition products to its portfolio of brands.
** BSkyB, Britain's largest pay-TV company, is in
talks to take a majority stake in Love Productions, which
produces shows such as "The Great British Bake Off" and
"Benefits Street," the Times reported, without citing sources.
** Generic drugmaker Actavis Plc has won U.S.
approval to buy specialty pharmaceuticals company Forest
Laboratories on condition it sell or relinquish the
rights to four generic medicines, the Federal Trade Commission
said on Monday.
** New Zealand insurance company Tower Ltd said on
Tuesday it had sold its remaining life insurance business to a
private company, Foundation Life Holdings Ltd, for NZ$36 million
** Isle of Capri Casinos Inc is in advanced talks
to sell itself to casino real estate owner Gaming and Leisure
Properties Inc, people familiar with the situation said
($1 = 3.04 Polish zlotys)
($1 = 1.14 New Zealand dollars)
($1 = 0.73 euros)
($1 = 1.05 Australian dollars)
(Compiled by Rohit T.K. and Ramkumar Iyer in Bangalore)