(Adds Allergan, Fiat, Intesa Sanpaolo, Siemens, Omega Pharma,
Mitsubishi, Sucafina, New Landsbanki, PSP Investment, African
Bank Investments and Aareal)
July 7 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Monday:
** William Ackman's Pershing Square Capital Management
proposed a slate of six directors for the board of Allergan Inc
as the hedge fund presses forward with its $53 billion
takeover bid with Valeant Pharmaceuticals International Inc
for the Botox maker.
** Fiat's founding Agnelli family may tighten its
grip on the carmaker after its merger with U.S. unit Chrysler
and a Wall Street listing later this year, a U.S. regulatory
** Italian holding company Carlo Tassara said on Monday it
had sold 231.27 million shares of Italy's biggest retail bank
Intesa Sanpaolo in recent months.
** Siemens AG is exploring a sale of its
healthcare IT unit to focus on its energy and industrial
businesses, Bloomberg reported, citing two people familiar with
the matter. The unit could be worth more than 1 billion euros
($1.4 billion), one of the sources said.
** Omega Pharma NV, a Belgian healthcare
products distributor, is considering selling itself nearly three
years after it was taken private by its founder, Bloomberg
reported, citing sources. A sale of the company could earn its
owners more than $4 billion, the news agency quoted a person
familiar with the matter as saying.
** Japan's Mitsubishi Corp and Mitsubishi Heavy
Industries have acquired a 38.4 percent stake in water
and wastewater project developer Metito Holdings for an
undisclosed sum, the United Arab Emirates-based firm said.
** Swiss coffee company Sucafina Holding said it has
purchased Belgian coffee roaster Beyers Koffie NV/SA. The terms
of the sale were not disclosed.
** Iceland aims to sell as much as 30 percent of New
Landsbanki, one of the banks to emerge from the 2008 financial
crisis, to help reduce government debt. Icelandic Finance
Minister said he would like the government, which owns nearly 98
percent of the bank, to retain a 40 percent share and that other
shareholders should not be allowed to own more than 10 to 20
** Bankers are lining up a 1.5 billion euro ($2.05 billion)
debt financing to back a potential formal bid for broadcasting
masts group TDF's French unit by Canadian pension fund PSP
Investment, banking sources said.
** African Bank Investments said it was in talks to
sell its loss-making furniture business, sending its shares
soaring as investors welcomed the possibility of fresh capital
for a lender hammered by bad debts and a credit downgrade.
** German property lenders Aareal and Berlin Hyp
have joined a bidding battle for peer Westimmo
in a deal potentially worth more than 300 million
euros ($410 million).
** U.S. agricultural commodities group Archer Daniels
Midland said it is buying food flavors and specialty
ingredients company Wild Flavors for 2.2 billion euros ($3
billion) in cash and will assume about $136 million of net debt.
** Global miner Anglo American Plc said it would
sell its 50 percent stake in Lafarge Tarmac to Lafarge
for a minimum consideration of 885 million pounds ($1.51
billion) in cash, on a debt and cash free basis.
** Global brewer SABMiller said it would dispose of
its $1 billion stake in Tsogo Sun, the South
African-listed gaming, hotel and entertainment group. SABMiller
has a 39.6 percent shareholding in Tsogo Sun valued at about
** Australian gaming machine maker Aristocrat Leisure Ltd
has agreed to buy privately owned U.S. peer Video
Gaming Technologies (VGT) for $1.28 billion in a deal that will
help Aristocrat grow in the United States.
** Billionaire Petr Kellner's PPF Group raised its stake in
phone operator O2 Czech Republic by 7.16 percent to
73.1 percent in a mandatory buyout offer to minority
shareholders, PPF said.
** Sweden's Tele2 has agreed to sell its
Norwegian mobile telecoms business to rival TeliaSonera
for 5.1 billion Swedish crowns ($744 million), in a
deal that will test the resolve of competition regulators amid a
wave of telecoms industry consolidation.
** U.S. travel giant Expedia Inc said it agreed to
buy Australian online travel agent Wotif.com Holdings Ltd
for $660 million, with Wotif saying that fierce
competition in an uncertain market had helped convinced it to
** Egypt's Beltone Financial and billionaire
Naguib Sawiris refused to accept an offered 9.5 percent stake in
EFG Hermes, less than half the amount sought, they
** Business software firm Hyland said it had raised its bid
for Sweden's Readsoft, topping a bid from U.S.
printer maker Lexmark.
** Orbotech has agreed to acquire SPTS Technologies
Group, a UK-based manufacturer of equipment for the
microelectronics industry, from European private equity firm
Bridgepoint and others for $370 million in cash.
** Touchscreen chipmaker Atmel Corp said it would
buy Newport Media, a maker of low-power Wi-Fi and bluetooth
gear, for $140 million to gain ground in a technology that helps
connect everything through the Internet.
** Spanish telecoms group Telefonica has agreed to
buy an 11.1 percent stake in the Italian pay-TV business of
Silvio Berlusconi's media group Mediaset for 100 million
euros ($136 million), Mediaset said on Monday.
** Australia's Poseidon Nickel Ltd has agreed to
acquire the Black Swan nickel project from Russia's Norilsk
Nickel, the firm said on Monday.
** France's Areva and Spain's Gamesa
finalised their joint venture to develop offshore wind farm
projects and laid out an objective to win close to 20 percent of
the market in Europe by 2020.
** Cement makers Lafarge and Holcim on
Monday proposed a series of asset sales across Europe, including
all of Holcim's French activities and Lafarge's German and
Romanian ones, as they seek approval from regulators for their
** Dutch construction company BAM Group on Monday
promised cost savings and property divestments of some 200
million euros ($272 million) a year in response to losses at two
building projects in Germany and Britain.
** Swiss insurer Helvetia said on Monday it had
agreed to buy Nationale Suisse to create an insurance
company with estimated annual profits of more than 500 million
Swiss francs ($560 million).
** French state-owned bank Caisse des Depots (CDC) on Sunday
said it was not mulling a counter bid for French resort operator
Club Mediterranee in which it was a shareholder.
** Bulgaria, one of five EU states that depend totally on
Russia for nuclear fuel, is set to take a step towards
diversifying its suppliers when Westinghouse Electric Company
buys a stake in a state-controlled firm building new atomic
** Israel Corp said on Sunday it would move ahead
with a restructuring plan for its subsidiary shipping company
Zim after a court ruled last week that the government must be
more flexible with its "golden share" in the company.
** Six potential bidders, including Dutch commodity trader
Trafigura and Hong Kong-listed MMG Ltd,
are looking at the books of BHP Billiton's
Australian nickel unit, the Australian Financial Review reported
on Sunday, without saying where it got the information.
** Israeli conglomerate Delek Group signed a
memorandum of understanding to sell a controlling 47 percent
stake in Israeli insurer Phoenix Holdings for nearly
1.7 billion shekels ($498 million) to New York-based Kushner
** Kuwait Food Co (Americana) said on Sunday it
had no knowledge of any firms interested in buying its business,
contrary to recent media reports.
** India's new government will seek to raise up to a record
$11.7 billion in asset sales in its maiden budget this week, a
senior government source said, bolstering state finances and
buying time for structural reforms to revive a weak economy.
(Compiled by Rohit T.K. and Amrutha Gayathri in Bangalore)