UPDATE 3-Deals of the day -- mergers and acquisitions

Mon Dec 17, 2007 4:04pm EST
 
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(Recasts; adds Bristol-Myers Squibb, ArcelorMittal)

Dec 17 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2100 GMT on Monday.

(For Reuters columns on deals, click on [DEALTALK/])

** Diversified manufacturer Ingersoll-Rand Co Ltd (IR.N) said it would buy Trane Inc TT.N, a leading maker of heating and air conditioning systems, for about $9.4 billion in cash and stock.

To read more, please double click on [nL1757476]

** Oil and gas service company National Oilwell Varco Inc (NOV.N) said it would buy peer Grant Prideco Inc GRP.N for about $7.37 billion in the latest link-up in the sector that has been bolstered by record oil prices. [nN17391699]

** Aon Corp (AOC.N), one of the world's largest insurance brokers, said it agreed to sell two units for about $2.75 billion and will use the proceeds to buy back shares. [nN17378074]

** Plains Exploration & Production Co (PXP.N) said it would sell some oil and gas properties to Occidental Petroleum Co (OXY.N) and XTO Energy Inc (XTO.N) for $1.75 billion. [nWNAS4682]

** ArcelorMittal (ISPA.AS) (MT.N) has ended a $1.35 billion deal to sell its Sparrows Point steel plant to E2 Acquisition Corp because E2 had been unable to secure financing, the world's largest steelmaker said. [nL17343589]

** Bristol-Myers Squibb Co (BMY.N) said it plans to sell its medical imaging business for $525 million to a private equity group as part of an effort to focus on its higher-profit prescription medicines. [nN17613902]

** The offers for Alitalia presented by Air France-KLM (AIRF.PA) and smaller domestic Italian airline Air One both have their merits and need to be analysed in depth, Italian Transport Minister Alessandro Bianchi said. [nRAT003442]

** France's Dalkia, a unit of Veolia Environment (VIE.PA) and EDF (EDF.PA), announced an all-share offer to buy Polish energy group Praterm PRAT.WA for nearly 150 million euros ($215 million), Dalkia said. [nL17117212]

** Lotte Shopping Co (023530.KS) said it would buy a 49 percent stake in Chinese discount store chain CTA Makro for 78 billion won ($83.90 million) to speed up its move into the world's fastest-growing major economy. [nSEO232638]

** Hana Financial Group (086790.KS), South Korea's No. 4 financial services firm, has bought a 61 percent stake in Indonesia's PT Bank Bintang Manunggal, as part of its efforts to become a regional player. [nSEO157734]

** Spanish construction and services firm Sacyr Vallehermoso (SVO.MC) said it had joined forces with the Libyan Company for Development and Investment to work on infrastructure projects in the north African country. [nL16606113]

** London Acquisition, a company controlled by a consortium of funds managed and advised by Candover, Landsbanki Islands and Eyrir Invest, have made their 1.5 billion euro ($2.2 billion) offer for Dutch industrial group Stork NV VMFN.AS formal, they said. [nL15221153]  Continued...

 
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