Deals of the day -- mergers and acquisitions

Tue Nov 3, 2009 1:06am EST
 
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Nov 3 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0600 GMT on Tuesday.

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

** Singapore's state investor Temasek [TEM.UL], Blackstone Group (BX.N) and KKR are among the firms expected to submit bids soon for AXA's (AXAF.PA) stake in China's No.4 life insurer Taikang, sources said, an investment AXA values at $1.05 billion. To read more, click on [ID:nHKG132260]

** Stanley Works (SWK.N) struck a deal to buy rival Black & Decker Corp (BDK.N) for $3.46 billion in stock, combining a top hand tool maker and power tool maker to benefit from higher margins and cost savings. [ID:nBNG511551]

** A federal bankruptcy judge approved the sale of the Phoenix Coyotes to the National Hockey League. [ID:nN02458386] (Compiled by Tina Kwan in Singapore)

 

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