Deals of the day -- mergers and acquisitions
Jan 30 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0530 GMT on Wednesday.
(For Reuters columns on deals, click on [DEALTALK/])
** BHP Billiton Ltd/Plc (BHP.AX: Quote, Profile, Research)(BLT.L: Quote, Profile, Research) could afford a 4.25-for-one offer for Rio Tinto Ltd/Plc (RIO.AX: Quote, Profile, Research)(RIO.L: Quote, Profile, Research), advisers to Rio have calculated, which would be worth more than $157 billion. To read more, please double click on [nSYD201552]
** Japan's Mitsubishi Materials Corp (5711.T: Quote, Profile, Research), a nonferrous metal smelter, said it would spend $900 million to lift its stake in U.S. cement firm Robertson's Ready Mix, the latest deal in the M&A heavy sector. [nT149691]
** Indonesian state-controlled mining group PT Antam ANTM.JK and Chinese miner Shenzhen Zhongjin Lignan Nonfemet Co Ltd 000060.SZ launched a joint cash bid of A$504.8 million ($451 million) for Australia's Herald Resources Ltd (HER.AX: Quote, Profile, Research). [nSYD92229]
** Orica Ltd (ORI.AX: Quote, Profile, Research), the world's biggest explosives maker, said it had agreed to acquire Strata Control Systems for an undisclosed amount, to boost its exposure to the booming mining sector. [nSYD198774]
** NexCen Brands Inc (NEXC.O: Quote, Profile, Research) said it acquired the Great American Cookie Co from Mrs. Fields Famous Brands LLC for $93.7 million to boost the number of brands in its quick service restaurant portfolio. [nWNAS8323]
** Electronic publisher Thomson Corp TOC.NTOC.TO said it has bought income-tax software provider TaxStream for an undisclosed amount. [nWNAS8311]
** Australia's Primary Health Care Ltd (PRY.AX: Quote, Profile, Research) extended its A$2.7 billion ($2.4 billion) offer for Symbion Health Ltd (SYB.AX: Quote, Profile, Research) by two weeks to Feb. 21, while it was talking to a former rival bidder about a possible compromise. [nSYD17558] (Compiled by Tina Kwan in Singapore)
© Thomson Reuters 2008 All rights reserved







