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

Mon Jun 29, 2009 4:05pm EDT

Stocks

   

** Cable maker Prysmian (PRY.MI) is in talks to take over Dutch Draka Holding NV (DRAK.AS) in a share-swap deal that would create a market leader worth around 2 billion euros ($2.8 billion). [ID:nLT606499]

** Indian pharma company Wockhardt Ltd (WCKH.BO) said it had signed an agreement to divest its Animal Health Division to France's Vetoquinol (VETO.PA), but did not provide any financial details on the deal. [ID:nBOM492271]

** Norway's oilfield engineering firm Aker Solutions (AKSO.OL) said it would sell its 33 percent stake in oil technology services company Odim (ODIM.OL) to Rolls Royce (RR.L) at 45 crowns per share. [ID:nLT603632]

** British bus and rail operator National Express (NEX.L) confirmed it had rejected an offer approach from larger rival FirstGroup (FGP.L). [ID:nLT646700]

** Creston Moly Corp (CMS.V) agreed to buy mineral exploration company Tenajon Resources Corp TJS.V in stock to consolidate molybdenum reserves in Mexico and Canada. [ID:nBNG462604]

** The Chairman of India's Bharti Airtel (BRTI.BO) said the group was not working on sweetening the deal for Africa's biggest mobile operator MTN Group (MTNJ.J), but did not rule it out. [ID:nLT130843] (Compiled by Tina Kwan in Singapore, Manasi Phadke and Sakshi A Mattoo in Bangalore)



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