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

Wed May 6, 2009 3:51pm EDT

Stocks

   

** Struggling British vanmaker LDV narrowly avoided collapse after a last-minute government bridging loan to allow Malaysian vehicle importer Weststar to buy out the Russian-controlled company. [ID:nL6953969]

** British software company Micro Focus (MCRO.L) is to acquire Borland Software BORL.O, once a major rival to Microsoft (MSFT.O), and assets from Compuware (CPWR.O), it said, to take a position in the software testing market and boost its U.S. presence. [ID:nL6573062]

** Investors in Canada's Verenex Energy Inc. (VNX.TO) said they saw growing risks of delays in the $C499 million ($425 million) sale of the company to China or Libya. [ID:nL6660425]

** Italian energy group Edison SpA (EDN.MI) has made the highest bid for natural gas sales company Pasubio Servizi, sources said, in a further development in the consolidation of the country's energy sector. [ID:nL6935904] ** French investment group Wendel (MWDP.PA) warned on Wednesday it could make a full-year loss, and added it had sold some assets to bolster its financial position, which has been hit by turbulent capital markets.[ID:nWEA0700] (Compiled by Tina Kwan in Singapore;Isheeta Sanghi and Richa Dubey in Bangalore)



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