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UPDATE 2-Deals of the day -- mergers and acquisitions

Thu Aug 13, 2009 4:00pm EDT

Stocks

   

** Australian iron ore miner Fortescue Metals Group (FMG.AX) plans to make an announcement about the completion of a commercial negotiation, amid reports it is lining up a fresh Chinese investment. [ID:nSYU007025]

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** Fubon Financial Holding (2881.TW), parent of Taiwan's No. 2 insurer, will participate in a fund-raising plan by China's Xiamen Commercial Bank by the end of the year, a top Fubon executive said. [ID:nTP155876]

** Californian fuel-cell technology company PolyFuel Inc PYF.L said it would cease operations immediately and seek shareholder approval to liquidate its assets after failing to secure a buyer. [ID:nLD370314]

** Italy's Mediobanca (MDBI.MI) is interested in buying investment banking operations of Sal. Oppenheim, a Mediobanca spokeswoman said. [ID:nMAT009902]

** UK-based Alphameric Plc (ALQQ.L), which supplies electronic terminals to the betting markets, said it received an early stage expression of interest from a third party. [ID:nBNG381547] (Compiled by Brenton Cordeiro and Abhinav Sharma in Bangalore)

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