(Adds Praxair, Micro Focus, WGL Holdings, Turkcell, Pilgrim's
Pride, Eversheds, updates Samsung, Johnson & Johnson, Rosneft)
Nov 29 The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Tuesday:
** Tech giant Samsung Electronics Co Ltd, under
pressure from shareholders to improve investor returns, said on
Tuesday it will consider creating a holding company in what
would be the biggest shake-up in its 47-year history.
** German industrial gases group Linde has
received a fresh approach from U.S. rival Praxair for a
merger of equals and its executive board is reviewing the
proposal, Linde said in a statement on Tuesday.
** U.S. healthcare company Johnson & Johnson has
raised its offer for Actelion, a source told Reuters on
Tuesday, stepping up pressure on the Swiss biotech firm to
accept a takeover deal.
** Around $5 billion-equivalent of leveraged loans backing
UK software company Micro Focus International's
acquisition of Hewlett Packard Enterprises' (HPE) software
business is due to launch to syndication in January, banking
** WGL Holdings Inc, parent of natural-gas utility
Washington Gas, is weighing options including a sale after
receiving takeover interest from Spain's Iberdrola SA,
** Russia has instructed its top oil producer Rosneft
to submit proposals for its privatization by Dec. 1,
keeping Moscow on track to receive funds from the sale by the
end of the year.
** Property and casualty insurer Allstate Corp said
on Monday it would buy SquareTrade Holding Co Inc for about $1.4
billion from a group of shareholders that include Bain Capital.
** Canyon Bridge Capital Partners, a buyout fund that agreed
to acquire U.S.-based chip maker Lattice Semiconductor Corp
for $1.3 billion earlier this month, is funded partly
by cash originating from China's central government and also has
indirect links to its space program, Chinese corporate filings
** The decade-long struggle over control of Turkcell
, Turkey's top mobile network operator, took another
turn on Tuesday when Russian billionaire Mikhail Fridman said he
was unable to buy a disputed stake from his Turkish rival.
** Seoul-based private equity firm MBK Partners said on
Tuesday it would acquire Japanese golf course operator Accordia
Golf Co for about $760 million.
** Pilgrim's Pride Corp, the world's second-largest
chicken producer, said on Tuesday it will buy smaller rival GNP
Company in a $350 million deal that will increase its organic
and antibiotic-free offerings.
** Spanish technology and defense company Indra
made a takeover offer for information technology company
Tecnocom for 4.25 euros per share, valuing it at about
305 million euros ($324 million), excluding treasury stock.
** Iluka Resources Ltd said on Tuesday it was
delaying a planned 215 million-pound ($267 million) takeover of
Sierra Rutile Ltd and could possibly call the deal off
after raising concerns about mine tailings dams.
** Billionaire Carlos Slim's America Movil said on Monday
that its wireless subsidiary had agreed to buy spectrum for
mobile devices from Mexico's Grupo MVS, which would increase
Mexico's dominant player's offer of high-speed data services.
** UK-based law firm Eversheds is in merger talks with U.S.
peer Sutherland Asbill & Brennan in the latest attempt by the
British firm to secure a U.S. tie-up.
** Swedish debt collector Intrum Justitia is
confident that its proposed deal to buy Norwegian peer Lindorff
will be approved by both shareholders and competition
authorities, Chief Executive Mikael Ericson told Reuters on
(Compiled by Komal Khettry and Ankit Ajmera in Bengaluru)