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UPDATE 3-Deals of the day -- mergers and acquisitions

Mon Sep 8, 2008 4:45pm EDT

Stocks

   

(Recasts, adds Lehman, Alberto-Culver, Talisman Energy and others)

Mergers & Acquisitions  |  Bonds  |  Funds News  |  ETFs News  |  China

Sept 8 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2030 GMT on Monday.

(For Reuters columns on deals, click on [DEALTALK\] )

** Lehman Brothers Holdings Inc LEH.N shares tumbled as much as 19.6 percent after a report it is meeting with potential buyers of its Neuberger Berman asset management unit, and a widely-followed analyst said the investment bank's quarterly loss might grow.

To read more, please double click on [ID:nN08448755]

** Altria Group Inc (MO.N) will buy UST Inc UST.N, the largest U.S. smokeless tobacco maker, for $10.4 billion to expand in a growing market as domestic cigarette sales steadily decline. [ID:nBNG239302]

** Australia's Origin Energy Ltd (ORG.AX) struck a joint venture deal with U.S.-based ConocoPhillips (COP.N) and promised an extra shareholder payout, a move that could either defeat an $11 billion bid from Britain's BG Group Plc (BG.L) or force a higher offer. [ID:nSYD297290]

** South Korea may give the go-ahead to HSBC's (HSBA.L) $6.3 billion offer to buy control of Korea Exchange Bank (KEB) in the near future if it finds no faults with documents submitted by the companies involved, a regulator said. [ID:nSEO257493]

** French company Manitou (MANP.PA) said it had agreed to take over U.S. construction equipment maker Gehl GEHL.O in a $331 million deal to raise Manitou's presence in American market. [ID:nL8277921]

** Alberto-Culver Co (ACV.N) said it has agreed to acquire the worldwide rights and trademarks to skin care brand Noxzema from Procter & Gamble Co (PG.N), as it looks for growth in that category. [ID:nN08451266]

** Talisman Energy Inc (TLM.TO) denied a newspaper report that said the Canadian oil firm had approached China's CNOOC Ltd (0883.HK) about a joint stock listing in Hong Kong worth as much as $10 billion. [ID:nN08260933]

** Italian holding company IFI SpA IFPI.MI will take over its subholding IFIL SpA IFLI.MI to simplify the group's structure, the companies said. [ID:nL8183224]

** Macquarie Infrastructure Group (MIG.AX), which develops and operates toll roads around the world, may divest its holdings in Lusoponte, which owns and operates two toll bridges in Lisbon, Macquarie Chief Executive John Hughes told investors. [nN08460560]

** Nationwide POB.L, the UK's No.1 customer-owned lender, is to take over The Derbyshire DBSx.L and The Cheshire CEBAw.L building societies after bad debt-induced losses left both facing "financial issues". [ID:nL8422450]

** Canada-based insurance and asset management company Fairfax Financial Holdings Ltd FFH.N (FFH.TO) said it offered to acquire a Polish reinsurer for about $72 million to expand its presence in Central and Eastern Europe. [ID:nBNG128532]

** U.S. hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their combined assets under management to more than $18 billion. [ID:nN07386596]

** Danish transport group DSV (DSV.CO) said it agreed to buy Norway's Waagan Transport Group for an undisclosed amount. [ID:nL838680]

** Italy's Eni SpA (ENI.MI) has agreed to buy Canada's First Calgary Petroleums Ltd FCP.TO in a cash deal worth C$923 million ($865 million), the latest in a series of acquisitions aimed at boosting its oil reserves worldwide. [ID:nL8618034] (Compiled by Tina Kwan in Singapore, Aftab Ahmed and Eric Yep in Bangalore)



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