(Adds Eni, A.P. Moller-Maersk, CME, Public Investment Fund,
Nov 28 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Monday:
** Italian energy group Edison, a division of
French utility EDF, wants to triple the size of its
domestic electricity and gas retail business as the market is
opened up to more competition, and is interested in buying oil
company Eni's retail business, its CEO said.
** Commodities trader Glencore Plc presented the
highest bid in an auction for the sale of a distressed Brazilian
sugar mill and is well positioned to take control of the plant,
a source with direct knowledge of the process said.
** Saudi Arabia's top sovereign wealth fund, the Public
Investment Fund (PIF), plans to buy a major stake in Adeptio,
the Gulf-based investment firm which controls Kuwait Food Co
(Americana), the PIF said.
** CME Group Inc has submitted a bid to buy the
London Stock Exchange's French clearing business for
more than $340 million pounds (400 million euros), the Sunday
Times reported, setting the stage for a potential battle over
** Denmark's A.P. Moller-Maersk and DONG Energy
are in talks to merge their oil and gas operations
in a deal that would create a business worth more than $10
billion including debt, sources familiar with the matter said.
** Italian energy group Eni plans to reduce its
stake in the giant Zohr gas field offshore Egypt to 50 percent,
Chief Executive Claudio Descalzi said.
** Tata Steel UK, the British arm of India's Tata Steel
, will hold exclusive talks with trading firm Liberty
House to sell its speciality steel business as its parent seeks
to offload loss-making assets and restructure European
** Time Inc, the publisher of Time, People and
Fortune magazines, has rejected a takeover bid from billionaire
investor Edgar Bronfman Jr., the New York Post reported on
Bronfman offered $18 per share, the Post reported, valuing
the publisher at $1.78 billion.
** Privately held Silverback Exploration LLC will sell oil
and gas assets in the Delaware Basin, Texas, for $855 million to
Centennial Resource Development Inc, which is backed by
energy private equity fund Riverstone Holdings LLC.
** Edwards Lifesciences Corp said it has agreed to
buy Israel's Valtech Cardio for $340 million in stock and cash,
with the potential for an additional $350 million in
pre-specified milestone-driven payments over the next 10 years.
** Mid-tier Canadian miner Kirkland Lake Gold said
on Friday its shareholders voted heavily in favor of its
takeover of Newmarket Gold, confirming a Reuters story
** U.S. healthcare company Johnson & Johnson said on
Friday it was in preliminary talks with Actelion about
a potential takeover of Europe's largest biotech firm, currently
valued at about $20 billion.
** Italy's Ferrero expects to wrap up a deal to buy biscuit
maker Delacre from United Biscuits by mid-December, the producer
of chocolate and nut spread Nutella said on Saturday.
** Brazilian engineering group Odebrecht SA said it has
agreed to sell its Olmos irrigation business in Peru to
Brookfield Infrastructure Partners LP and Suez SA
for an undisclosed sum.
** The Chinese consortium seeking to buy Italian soccer club
AC Milan is committed to signing the deal soon, it said on
Saturday, after the club's owner Silvio Berlusconi hinted at a
further delay to the long-awaited acquisition.
** Administrators for failed Icelandic bank Kaupthing are
looking to sell off British high street retailers including
Coast, Oasis and Warehouse which employ thousands of people,
four sources familiar with the matter said.
** British sportswear and fashion retailer JD Sports Fashion
has purchased Go Outdoors for 112.3 million pounds
($140.4 million), it said, beefing up its presence in the
outdoor clothing market.
** European industrial equipment supplier Loxam SAS has made
a takeover approach to rival Lavendon Group, setting the
scene for a bid battle for the British firm which has provided
aerial work platforms for Harry Potter films.
** Belgian specialty materials group Umicore has
completed the sale of its zinc units to U.S.-based private
equity firm OpenGate Capital for $150 million.
(Compiled by Komal Khettry and Akankshita Mukhopadhyay in