UPDATE 3-Deals of the day -- mergers and acquisitions
(Adds Buckeye, Chicago cubs, HudBay and others)
Nov 21 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, North American and Asian companies were reported by 2100 GMT on Friday.
(For Reuters columns on deals, click on [DEALTALK/] )
** Hedge fund Elliott Associates LP ended its hostile takeover bid for Epicor Software Corp (EPIC.O) after the business software maker's board backed its view that stockholders should reject the "highly conditional" offer, and shares of Epicor slumped to a five-year low.
To read more, please double click on [ID:nBNG183443]
** HudBay Minerals Inc (HBM.TO) said it will buy fellow Canadian base miner Lundin Mining Corp (LUN.TO), triggering a 46 percent drop in its stock as shareholders worried about taking on Lundin's large, but riskier, metals portfolio. [ID:nN21485116]
** German state-owned Landesbank Baden-Wuerttemberg's [LBBW.UL] owners plan to push for merger talks with peer BayernLB [BAYLB.UL], sources familiar with the matter said. [ID:nLL24847]
** The Dutch government mapped out the future of state-owned retail banks Fortis and ABN AMRO, keeping intact plans to merge them while spinning off Fortis's insurers, and selling or listing the combined bank as early as 2011. [ID:nLL350718]
** Terex Corp (TEX.N) may not complete its purchase of the port equipment businesses of Fantuzzi Industries, it said on Friday, prompting the Luxembourg-Italian company to counter that it saw no obstacle to finalizing the deal. [ID:nN21469967]
** Russia's Lukoil (LKOH.MM) is close to a deal with shareholders of Repsol (REP.MC), including Spanish builder Sacyr Vallehermoso (SVO.MC), to buy a 30 percent stake in the oil company, but still needs to find financing for the deal, a source close to the talks said. [ID: nLL391747]
** Personal care products maker Dabur India Ltd (DABU.BO) has agreed to buy a 72.15 percent stake in fairness bleach maker Fem Care Pharma Ltd (FEMC.BO), expanding its presence in India's growing consumer goods market. [ID:nBOM175281]
** Indonesia's deposit guarantee agency has taken over Bank Century (BCIC.JK) to increase the bank's quality, Central Bank Governor Boediono said. [ID:nJKB000962]
** French defence groups Thales (TCFP.PA) and Safran (SAF.PA) are in talks to swap some assets to cut duplication, Les Echos newspaper said. [ID:nLL618650]
** Shares of Buckeye GP Holdings LP (BGH.N) fell more than 20 percent, after BGH GP Holdings said it was terminating its tender offer for the company's shares. BGH, which already owns about 61 percent of common outstanding units of Buckeye, made an unsolicited tender offer to purchase the remaining stake for $17 per unit on Oct. 21. [ID:nBNG356195]
** A New Zealand local council is looking to increase its majority stake in Lyttelton Port Company (LPC.NZ), offering to buy an extra 2.48 percent of the port on market at a 22 percent premium, the council said. [ID:nWEL295708]
** Bids for the Chicago Cubs baseball team being sold by Tribune Co are due the week of Dec. 1, said Bob DuPuy, president of the U.S. sports league. [ID:nN21465889] (Compiled by Tina Kwan in Singapore; Amiteshwar Singh and Vidya L Nathan in Bangalore)
