UPDATE 1-Deals of the day -- mergers and acquisitions
(Updates Daily Crest; adds Agrium, Manitowoc and others)
March 27 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/]
** Chinese metals group Chinalco arranged a $21 billion loan to finance its planned tie-up with global miner Rio Tinto (RIO.L) (RIO.AX), the state-owned firm said.
To read more, please double click on [ID:nLR976550]
** Canadian fertilizer producer Agrium Inc (AGU.TO) (AGU.N) boosted its hostile takeover offer for CF Industries (CF.N) to about $3.8 billion from $3.6 billion by raising the cash component by more than 10 percent. [ID:nN27363496]
** Drug maker Lupin Ltd (LUPN.BO) said it has acquired a 51 percent stake in Multicare Pharmaceuticals Philippines Inc, marking the Indian firm's foray into the $2.5 billion Philippines pharmaceuticals market. [ID:nBOM391946]
** China's Guangzhou Shipyard International Co (0317.HK) (600685.SS) said it will call off a proposed $445 million acquisition of a shipyard from its state-owned parent as its shares have slumped in the global financial crisis. [ID:nHKG7329]
** Diversified manufacturer Manitowoc Co (MTW.N) said it agreed to sell its ice business to an affiliate of Warburg Pincus for $160 million to meet anti-trust requirements related to its acquisition of Enodis Ltd. [ID:nBNG419227] ** The chief executive of Mitiska MISK.BR has offered to buy out the Belgian holding company in an agreed deal valuing it at 117 million euros ($157 million). [ID:nLR522147]
** Oil explorer BowLeven (BLVN.L) said an offer approach from an unnamed party had been cut to 100 pence per share from 150 pence originally proposed.
The revised approach would value the business at about 87 million pounds ($125 million). [ID:nLR970996]
** German industrial conglomerate ThyssenKrupp (TKAG.DE) will implement a reorganisation by October this year in an effort to make Germany's biggest steelmaker leaner and more responsive. [ID:nLR943994]
** Dairy Crest (DCG.L) eased its debt position by selling its 49 percent stake in yoghurt group Yoplait for 63.5 million pounds ($92.66 million) and said full-year trading had been solid, sending its shares higher. [ID:nLR689266]
** Austrian steelmaker Voestalpine (VOES.VI) said its North American unit, VAE Nortrak had acquired U.S-based Leading Enterprises Inc, a supplier of speciality components for railway tracks, as part of a plan by the company to expand its railway division. [ID:nLR116583]
** The European Commission extended its review of the planned merger of Sweden's Posten and Danish counterpart Post Denmark [POSDA.UL] after the companies offered remedies to address competition concerns. [ID:nLR300702]
