Deals of the day -- mergers and acquisitions
Aug 21 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Thursday.
(For Reuters columns on deals, click on [DEALTALK\]
** Investment firm Bay Harbour Management snapped up U.S. apparel chain Steve & Barry's LLC for $168 million at an auction, the retailer said. To read more, please double click on [nBNG242747]
** Japanese communications satellite firm and pay TV broadcaster Sky Perfect JSAT Corp (9412.T) said it would set up a joint venture with U.S. firm Stratos focusing on mobile satellite services. [nTFA002986]
** Ball bearings maker Schaeffler has agreed to limit itself to a minority shareholding in German car parts maker Continental AG (CONG.DE), ending a hostile takeover battle for the company, Continental said. [nB671572]
** Digital media software maker Corel Corp (CRE.TO) (CREL.O) has received multiple preliminary offers from private equity firms and strategic buyers, two sources familiar with the matter said. [nN20461108]
** U.S. private equity group Lone Star has been approved as the buyer for German bank IKB (IKBG.DE), Germany's most prominent subprime casualty, financial sources told Reuters. [nWEN7579] (Compiled by Tina Kwan in Singapore)
