Deals of the day -- mergers and acquisitions
March 27 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0400 GMT on Thursday.
(For Reuters columns on deals, click on [DEALTALK/])
** South Korea's top lender, Kookmin Bank 060000.KS, said it will sell its 14 percent stake in Bank International Indonesia (BII) (BNII.JK) to Malayan Banking, which had offered to pay a hefty premium. To read more, please double click on [nSEO72120]
** Shares in Australian property maintenance company Programmed Maintenance Services Ltd (PRG.AX) rose 32 percent after industrial services company Spotless Group Ltd (SPT.AX) launched a cash and stock takeover offer valuing Programmed at A$556 million ($510 million). [nSYA003630]
** Bangkok Bank BBL.BK, Thailand's biggest lender, said it was still negotiating with China's ICBC (1398.HK) (601398.SS) about the sale of its 19.3 percent stake in ACL Bank ACL.BK. [nBKK148636]
** German mobile phone and Internet service provider Freenet AG FNTG.DE said it is in talks with Debitel's private equity owner, Permira, to acquire the smaller rival in a deal that a German magazine said could be worth 1.4-1.5 billion euros ($2.2-$2.4 billion). [nL26934445]
** Frontier Financial Corp FTBK.O said it will not raise the offer price for Washington Banking Co (WBCO.O), which it agreed to acquire last September for about $21.40 per share in a cash and stock deal. [nWNAS5983] (Compiled by Tina Kwan in Singapore)
