UPDATE 3-Deals of the day -- mergers and acquisitions
** A buyout of Japanese property firm Daito Trust Construction Co (1878.T) is unlikely to get done this year due to difficulty in raising funds for the deal estimated at $6 billion, financial industry sources said. [ID:nT274404]
** Kazakh gold miner KasakhGold (KZGq.L) said it had received a possible cash and shares offer for 50.1 percent of the company from Russia's top gold producer Polyus Gold (PLZLq.L). [ID:nLT412195]
** The government threw a lifeline to cash-strapped lender Hypo Real Estate HRXG.DE in an about-face just days after its finance minister said Germany's bank system was solid.
Berlin agreed to provide the bulk of 35 billion euros ($50 billion) in credit guarantees for Hypo, which is the fifth German bank to be bailed out by the state in the face of financial sector turmoil. [ID:nLT369888]
** Singapore's Neptune Orient Lines (NEPS.SI) said it has submitted a binding bid to acquire the Hapag-Lloyd container shipping business but declined to provide details of its bid. [ID:nSIN369943]
** Kookmin Bank 060000.KS cut the value of its planned sale of shares in Bank Internasional Indonesia (BNII.JK) to reflect a revision to Maybank's bid for the Indonesian lender. [ID:nSEO264871]
** Britain is set to nationalize troubled bank Bradford & Bingley BB.L after Spanish bank Santander (SAN.MC) agreed to buy its retail deposits and branch network. [ID:nLS351202]
** Australian steel company OneSteel Ltd (OST.AX) said it would make a NZ$175 million ($120 million) offer for its partly owned New Zealand subsidiary, Steel and Tube Holdings Ltd (STU.NZ). [ID:nWEL368063] (Compiled by Tina Kwan in Singapore, Amiteshwar Singh and Mary Meyase in Bangalore)
